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Dangote Cement's revenue and earnings grow in first quarter of 2021 - Cement industry news from Global Cement

Dangote Cement’s revenue and earnings grow in first quarter of 2021
Written by Global Cement staff
05 May 2021
Nigeria: Dangote Cement’s revenue grew by 35.5% year-on-year to US$874m in the first quarter of 2021 from US$655m in the same period in 2020. Cement sales volumes rose by 18.7% to 7.5Mt from 6.3Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 56% to US$468m from US$300m. Revenue and sales volumes increased fastest in Nigeria but earnings increased faster in the rest of Africa.
“We took the strategic decision to pause our clinker exports to ensure we meet the rapid volume growth in the Nigerian domestic market. We are improving the output of our existing and new assets and aim to recommence clinker exports in the second quarter,” said Michel Puchercos, the company’s chief executive officer. He added that the company had also ramped-up its new 3Mt/yr O ....

Michel Puchercos , Dangote Cement , Obajana Line ,

Budapest Metro Line 1 Upgrade Plans To Be Completed Soon

The plans for the upgrade of Budapest’s metro line 1 are nearing completion, Gergely Karácsony, the city’s mayor, said, adding that the project would require co ....

Gergely Kar , Tibor Bolla , Metro Line , Plans To Be Completed , Budapest Metro Line 1 , கேற்கெலி கர் , மெட்ரோ வரி ,

Beitbridge border post upgrade to cause delays for six weeks

New equipment and software will be installed, allowing for automated queuing and payment for trucking companies. ....

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'Impressive': Global watchdog rates NZ police efforts at seizing criminal wealth, advises software upgrade to identify money launderers

Impressive : Global watchdog rates NZ police efforts at seizing criminal wealth, advises software upgrade to identify money launderers
30 Apr, 2021 07:00 AM
7 minutes to read
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
Nearly $1m seized from a senior Head Hunter gang member involved in drug manufacture. The cash was hidden inside his bed. Photo / Supplied
An international evaluation of New Zealand s ability to prevent and investigate money laundering says company and trust structures are a major vulnerability, but ranks the police efforts to seize suspected criminal wealth as among the best in the world. ....

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Arabian Cement orders Rabigh cement plant upgrade from FLSmidth

Arabian Cement orders Rabigh cement plant upgrade from FLSmidth
Written by Global Cement staff
28 April 2021
Saudi Arabia: Arabian Cement has placed an order with Denmark-based FLSmidth for the supply of equipment for an upgrade of its Rabigh cement plant. The order includes new DDX top cyclones, a quenching chamber and an ABC Cooler Inlet. Installation and commissioning is expected to be during the fourth quarter of 2021.
Arabian Cement’s chief executive officer Badr Osama Johar said, “With FLSmidth having provided the original line, they were the obvious candidate for the upgrade - we wanted a trusted partner who knows the ins and outs of the plant and is able to secure the success of the upgrade.” The producer previously engaged the company for the supply of its Rabigh plant’s kiln in 2008. ....

Saudi Arabia , Badr Osama Johar , Arabian Cement , சவுதி அரேபியா , அரேபியன் சிமென்ட் ,