Dangote Cement announces N65.84 billion dividend payout
Dangote Group has recently announced the total dividend payout of N65.84 billion for the financial year ended in December 2010.
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Dangote Group has recently announced the total dividend payout of N65.84 billion for the financial year ended in December 2010.
Analysts are discussing the current merger and acquisition trend in the UAE, pointing at RAK Cement as a possible candidate for a takeover.
Two new cement plants are about to begin operations, promising cement production in Mozambique to reach 4 million tpa by 2013.
Lebanese cement production has tripled in recent years, although experts predict fierce competition from oil-producing cement manufacturers in the future.
Orimix Concrete Products is taking advantage of the current favourable market conditions and plans to expand into Saudi Arabia and Qatar.
The Tanzanian cement giant reported positive financial results despite a challenging last year.
The Nigerian Institute of Architects is criticising the government for not adopting a clear policy on the increased cement prices, calling cement a crucial component to the vital construction sector.
Saudi Arabia has set up a national committee for cement companies, in an attempt to strengthen the Kingdom’s cement industry and stabilise local market prices.
Ras Al Khaimah Cement Company has recently reported a loss of almost AED4 million as a result of a tight market, showing decline in cement sales volumes and values.
Dangote Cement Works Ltd plans to open a new cement plant in July 2011, as part of a larger ambition to cut cement prices in the Nigerian market.
Habesha Cement SC is seeking to rent machinery for the construction project of a new road linking the local town to the new quarry and cement factory sites.
Italcementi is concerned about the effects of the situation in Egypt for the cement industry going forward in 2011.