Dangote Cement restarts clinker exports alongside strong first half to 2021
Dangote Cement says it has resumed exporting clinker from its Onne and Apapa terminals to Cameroon. Two ships delivered 57,000t of clinker and 0.34 mt of clinker was exported by road in the first half of 2021. The cement producer started exports in 2021 but was forced to suspend them in April 2021 following high demand for cement domestically.
The group’s revenue grew by 44.8 per cent to $1.68 billion in the first half of 2021 from $1.16 billion in the same period in 2020. Cement sales volumes rose by 26.1 per cent to 15.3 mt from 12.1 mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 61 per cent to $853 million from $530 million. In Nigeria cement demand was attributed to increasing housing infrastructure, commercial construction and government projects including roads and railways. Outside of Nigeria, strong performance was noted in the Republic of the Congo, Cameroon, Ethiopia, Senegal and Tanzania.