Proshare Logo
   Market Date: 17-04-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs STOCKPICKS Taxation Telcos Travel & Tours Unlisted Stocks World of Business

Dangote to Begin Cement Production in Senegal

Category: Products & Services


  Read (3268)
Dangote to Begin Cement Production in Senegal

 

March 1, 2011

 
Dangote’s $500 million Cement plant in Senegal is to begin to turn out its first cement output from November 2011, THISDAY has learnt.
 
The General Manager in charge of projects,  Mr. Ganapathy Balabubramanian,  told THISDAY at the Gallen Village location of the of the Dangote Cement Senegal Subsidiary that construction works at the factory were at very advanced  stage, adding that  the  first cement will be turned out by the end of the year.
 
“We have completed the civil works at the site and have began that mechanical aspect of the work which is now 20 percent complete. The first batch of cement will be produced between November and December 2011”, Balabubramanian said.
 
According to him, the factory, which is being executed as a turnkey project by Chinese firm Sinoma Engineering, was kicked-off with design and engineering in September 2009.
 
He said construction commenced in April 2010 and the remaining 80 percent of materials needed to complete the project were already on ground in the factory premises.
 
The factory, Balabubramanian said, will turn out one million tonnes of cement annually with massive allowance for expansion when the market spreads.
 
The Senegalese have a 3 million tonnes of  cement consumption capacity with the already existing two cement companies producing 2.5 million tonnes per annum.
 
Since the Senegalese Government has a 100 percent ban on the importation of cement, Dangote’s coming in with a one million tonnes per annum capacity cement plant will not only help the French colony meet its local cement demand,  but will also boost the nations export potential.
 
Dangote cement Senegal already targets Mali and Guinea as markets where the surplus from its factory will be sold, taking advantage railway lines running from the factory all the way to Mali.
 
The company, according to the Project Manager, has a 30 Mega Watts power plant which will be fired with coal imported from South Africa.
 
He however stated that the power plant was merely a back-up, since the municipal power supply from Senegal Electricity Board is very effective and stable.
 
Buoyed by the huge success in Nigeria where it currently accounts for over 50 per cent share of the cement market, Dangote Group said  it plans to produce between 46 and 48 million metric tons of cement from its various facilities across Africa by 2015.
 
The company said it is currently increasing the capacity of its existing plants by building new ones to enable it take advantage of the Federal Government’s proposed ban on cement imports by next year.
 
Source: Thisday
 

 



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Products & Services

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint