• About
  • Advertise
  • Contact
Saturday, August 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Q2 : Dangote Cement grows revenue by 17pct to N808billion

...deploys grinding plants in Ghana, Cote d’Ivoire

Vital News by Vital News
August 3, 2022
in Business, Economy
0
Share on FacebookShare on Twitter

Lagos – In a bid to ensure that Cement becomes available in all African countries, Chief Executive Officer of Dangote Cement, Michel Puchercos, has revealed that his company is ramping up production in its Okpella plant, Nigeria.

Puchercos also said that the company is progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.

Ghana and Cote d’Ivoire will join the lists of the following African countries when the grinding plants finally becomes operation. Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).

 

 

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

Aliko Dangote Retires From Dangote Cement Plc

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

(Michel Puchercos ) 

In the same vein, the Cement Plant on Monday, August 1, announced, for the second quarter of 2022 a group revenue of N808 billion for the half year ended June 31, 2022.

Winners have started to emerge from the ongoing bag of goodies season 3 promo.

According to the cement company’s results made available on the website of the Nigerian Exchange (NGX), revenue rose by 17 per cent, compared to N690.55 billion recorded in 2021.

Dangote Cement reported group sales volume of 14.2Mt, consisting of 9.3 Mt done by Nigerian operations while the balance was contributed by operations in other African countries.

Chief Executive Officer, Dangote Cement, Michel Puchercos, speaking on the result said: “Despite the elevated inflation due to a very volatile global environment, the first half of 2022 has been positive.

” We recorded increases in revenue and EBITDA that drove strong cash generation across the Group.

“We recorded revenue of ₦808.0 billion up 17 per cent compared to last year and Group EBITDA of ₦373.2Billion, up 6.3 per cent with an EBITDA margin of 46.2 per cent.”

Puchercos explained that significant increase in energy and AGO costs are impacting negatively on production and supply of cement products.

He added, “to drive consumer engagement and support demand ahead of the rainy season; we have commenced the 3rd season of our National Consumer Promotion – “Bag of Goodies 3”.

On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.”

He stated that the volatile international context is strengthening efforts to ramp up the usage of alternative fuels and execution of export-to-import strategy.

The company according to him is reducing dependence on imported inputs and making the local markets self-sufficient.

“Our continuous focus on efficiency, meeting market demand and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders” he added.

In a related development, there are confirmed reports that the first batch of winners have emerged from the ongoing National Consumer Promotion – “Bag of Goodies 3”.

The winners will be receiving their prizes in a series of events lined up in the coming weeks.

Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa.

A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria.

Obajana plant in Kogi State, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines while Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta.

The Gboko plant in Benue State has 4Mta while Okpella plant in Edo State has 3Mta.

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement serving neighbouring countries. (vitalnewsngr.com)

Tags: cementDangotePlantsrevenue
Previous Post

Terrorists free 5 more kidnap victims of Abuja-Kaduna train attack

Next Post

Yobe Commissioner dies in road crash

Vital News

Vital News

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

July 30, 2025
Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
Aliko Dangote Retires From Dangote Cement Plc
Business

Aliko Dangote Retires From Dangote Cement Plc

July 25, 2025
Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja
Business

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

July 24, 2025
FAAC Disburses N1.678trn February Revenue To FG, States, LGs
Economy

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

July 19, 2025
Next Post

Yobe Commissioner dies in road crash

Gunmen Kill 86yr-old Man, Abduct College Rector, One Other in Kaduna

NBC Slams N5million Fine on Trust TV For Reporting Banditry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

2023 : Atiku, Okowa Pull Out Of Presidential Town Hall Meeting

3 years ago
CHRCR Lists Corruption, Lack Of Accountability, Inadequate Infrastructure Among Challenges Facing Kogi@33

CHRCR Lists Corruption, Lack Of Accountability, Inadequate Infrastructure Among Challenges Facing Kogi@33

11 months ago
Lagos To Deploy 2,000 CNG – Power Buses, 5,000 Taxis For Mass Transportation

Lagos To Deploy 2,000 CNG – Power Buses, 5,000 Taxis For Mass Transportation

1 year ago
NDLEA Seizes 44,948kg drugs, 11 Vehicles, Arrests 8 Suspects In Massive Raids Across Lagos, Edo, Ondo

NDLEA Seizes 44,948kg drugs, 11 Vehicles, Arrests 8 Suspects In Massive Raids Across Lagos, Edo, Ondo

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In