Monday, 1 December 2008

Benue Cement Company (Dangote Industries Ltd.)

Benue Cement Company (controlled by Dangote Industries Ltd.) reporting a 119% increase in sales to N9.8bn ($83.9m) and a 174% increase in PBT to N4.8bn ($40.9m) in the period to the end of the third quarter.

Benue Cement Company is not yet operating at full production capacity and are slowly ramping up the second kiln which will take production towards 3 million tons. As to its newly commissioned plants it intends to cut prepayments to postpone the start of
construction to avoid flooding the market with new supply.

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