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Tuesday, 13 November 2012 00:00
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Dangote Cement wins 2012 Pearl Awards

Dangote Cement Plc has emerged winner of the prestigious Securities and Exchange Commission (SEC) endorsed Pearl Award in three different categories in the 2012 edition.
Leading the pack of other brands, Dangote Cement was adjudged by the board of governors of the Pearl Award Nigeria as the winner Industrial goods Sectorial Leadership award, Building Materials category.
The Dangote brand was also declared as the winner of theHighest Profit Margin Ratio Award in the Market Excellence Category for companies quoted on the Stock Market.

The winning streak was capped with the Overall Highest Award, having been nominated in all categories and winning more than any other brand.
The President of the Pearl award Board of Governors, TayoOrekoya, in a letter addressed to the Group Managing Director of Dangote Cement Plc, named Cement Company of Norther Nigeria Plc (CCNN) and Lafarge WAPCO Cement as runners up respectively in the sectoral leadership category.
Guarantee Trust Bank and Presco Plc emerged runners up in Highest Profit Margin Ratio category while NEM Insurance and Nestle Nigeria Plc were runners up in the overall highest award.
Orekoya stated that the award would be given out to the winners during an Award Nite scheduled to hold in Lagos on November 25.

He pointed out that the emergence of Dangote Cement Plc as the winner in the three categories was a great feat, and was in recognition of the company’s outstanding operational and stock market performance in the 2011 year of assessment.
“The criteria for the awards, based on verifiable facts and figures are included in the accompanying Brochure”, the organizers said.
Dangote Cement is Nigeria's leading cement producer with three plants in Nigeria and plans to expand in 13 other African countries.

The Group is a fully integrated quarry-to-depot producer with an expected production capacity of 19mtpa in Nigeria by the end of 2012, increasing to as much as 35.25 metric tonnes per annum (mtpa) in 2015.
The Group plans to build a further 19mtpa of production and import capacity across Africa by 2015.
Dangote Cement's Obajana plant in Kogi State is the largest in Sub-Saharan Africa with 10.25mtpa capacity across three lines and a further 3mtpa capacity planned by 2015.
The new  six mtpa Ibese plant in Ogun state, near the key market of Lagos, was inaugurated in February 2012. An additional 6mtpa of capacity is planned for completion by 2015.
The Gboko plant in Benue state has 3mtpa capacity with an upgrade to 4mtpa expected by the first quarter of 2013.
The Group has recently signed a memorandum of understanding for the construction of a new plant of between three mtpa and six mtpa capacity in Calabar by 2015. 

Through its recent investments, Dangote Cement has eliminated Nigeria's dependence on imported cement and will soon transform the nation into a net exporter serving other African countries.  
Dangote Cement has announced an investment of more than $2.5 billion to build manufacturing plants and import terminals across Africa. Current plans are for eight cement plants in Cameroon, Ethiopia, Gabon, Republic of Congo, Senegal, South Africa, Tanzania and Zambia, as well as import/packing facilities in Cote d’Ivoire, Ghana, Guinea, Liberia and Sierra Leone.    
Members of the Indigenous Shipowners Association of Nigeria (ISAN) have solicited the support of the American government in helping them play actively in the nation’s shipping sector.

The cry for help came from Chairman of ISAN, Chief (Dr.) Isaac Jolapamo, last Thursday when the association held a dinner in honour of the new United States Consul General, Mr. Jeff Hawkins and the Political/Economic Officer, United States Embassy, Mr. Ronald Rhinehart at Clear Essence California Spa and Resort, Ikoyi in Lagos.
The event was attended by notable industry dignitaries including the Director Maritime Services of the Federal Ministry of Transport Mr. Musa Nagogo who represented the Minister of Transport Senator Idris Umar; former Managing Director of Nigerian Ports Authority Chief Adebayo Sarumi; former Lagos State Governor Retired Admiral Ndubuisi Kanu; Chairman of Port Consultative Council Otunba Kunle Folarin; Chairman of NIMAREX 2013 Planning Committee Eze Egwuagu Chijioke Collins; National President of the Association of Nigerian Licensed Customs Agents Prince Olayiwola Shittu and Director General of Nigerian Chamber of Shipping Mrs Ify Anazonwu-Akerele among several others.

Jolapamo stated: “We enjoyed immense support and robust relationship with your predecessors and we thank them for what they did even as we look forward to a cordial relationship with you.
“Nigerians are not operating the way they should in the upstream sector of the oil and gas industry and we are aware that the upstream sector is dominated mostly by American companies.
“Our government now wants to take the maritime sector seriously so that we can provide employment for our youths and conserve foreign exchange. We believe the Americans can support us in achieving this. We need more partnerships between credible Nigerian shipping companies and Americans,” he stated.
Representative of the Transport Minister, Mr. Musa Nagogo, while speaking at the event, said that the Federal Government was, more than ever before, committed to tackling challenges facing the nation’s shipping sector.
He said government was engaging ISAN and other critical stakeholders in the shipping sector with a view to coming up with a holistic approach to tackling the challenges.