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President orders reduction in cement price

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President Goodluck Jonathan of Nigeria has directed cement manufacturers to do everything possible to crash the prices of cement within the next 30 days. This has been necessitated due to recent skyrocketing of the prices, which was unacceptable. At a meeting the manufacturers agreed with the president’s request, stating that the 30 days was enough time for them to set in place policies that would lead to price reduction. President of the Cement Manufacturers Association of Nigeria chief Joseph Makoju, chairman of Dangote Group, Alhaji Aliko Dangote, chairman of BUA Group, Alhaji Abdulsamad Rabiu, and country manager of Lafarge Cement, Jean-Christophe Barbant, all agreed the 30-day period was sufficient for them to crash the price of cement, assuring that the prices would come down even before the deadline. According to Makoju, both the president and the manufacturers have agreed to address the causes of the scarcity of the product and high cost will be addressed, noting that government has agreed to meet its obligations while the cement manufacturers will act within the period to ensure that factors leading to the hike in prices were addressed Dangote blamed the problem on the insufficient supply of low pour fuel oil (LPFO) consumed by the industry and the loss of 6,000 trucks by his group recently, adding that the recent post-election crisis in the northern part of the country, which caused a shutdown of production for weeks, was partly responsible for the hike in price of cement.

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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