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Nairaland Forum / Nairaland / General / Business / Dangote Cement To Shut Gboko Plant (10091 Views)
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Re: Dangote Cement To Shut Gboko Plant by Iko5000: 4:54pm On Dec 06, 2012 |
initiator: The problem is that these Nigerian plants don't use coal for their production. Coal are you for real in this day and age ![]() |
Re: Dangote Cement To Shut Gboko Plant by Revolva(m): 4:59pm On Dec 06, 2012 |
vocalprince: Fool this is not a topic for tribal bashing ok its matters arising and cement business ok think before you write unless backhand slap go touch you from some one laptop |
Re: Dangote Cement To Shut Gboko Plant by biodunid: 4:59pm On Dec 06, 2012 |
And a govt that is intent on reducing cement prices allows this? Dangote is holding on to his 100% mark-up, pioneer (non taxpaying) status, power sector gas prices and other advantages yet has the mouth to complain about a little bit of competition and blackmail us all by shutting down Gboko and laying off workers? Maybe his bluff should be called: end the pioneer status (it was obtained by dubious means as we have been making cement locally for over 50 years) and let him pay industrial sector prices for gas (he is an industrial user and, again, dubiously obtained the power sector classification). Contracts? ALL contracts fail to the extent that they offend public policy / good. |
Re: Dangote Cement To Shut Gboko Plant by Reference(m): 5:16pm On Dec 06, 2012 |
biodunid: And a govt that is intent on reducing cement prices allows this? Dangote is holding on to his 100% mark-up, pioneer (non taxpaying) status, power sector gas prices and other advantages yet has the mouth to complain about a little bit of competition and blackmail us all by shutting down Gboko and laying off workers? Maybe his bluff should be called: end the pioneer status (it was obtained by dubious means as we have been making cement locally for over 50 years) and let him pay industrial sector prices for gas (he is an industrial user and, again, dubiously obtained the power sector classification). Contracts? ALL contracts fail to the extent that they offend public policy / good. And return to massive importation with the consequent effects on your country's BOP and currency. We need more players not less. If you want to neutralise Dangote safely you need more local competition. That is where government(s) come in. |
Re: Dangote Cement To Shut Gboko Plant by akpumping7720(m): 5:19pm On Dec 06, 2012 |
bigx: Have u forgotten d law of demand? |
Re: Dangote Cement To Shut Gboko Plant by aribisala0(m): 5:26pm On Dec 06, 2012 |
Sealeddeal: Dangote want to use his antics again to push govt to accepting his approach on cement sell.he wants the federal govt to stop subsiding the product so that he will take control alone and dictate the price without competition from another source.But does it means that cement imported to SE is crippling him really?that means,SE is very vital to survivability of Dangote factory.You better shut up. Bloody fool! Onye amaru akukwo |
Re: Dangote Cement To Shut Gboko Plant by Sunnybobo3(m): 5:47pm On Dec 06, 2012 |
Dangote has never been successful in a business where he is not a monopolist. He should learn how to survive in competition from the south easterners. Check out how woeful his Dangote sugar refinery has been performing since BUA sugar refinery started operations. He has just sold his Dangote Flour mills to a South African company cos he can't compete with Flour mills of Nigeria plc, Honeywell etc. He got a gsm licence through his company Alheri Engineering ages ago but couldn't get into the field cos there is a lot of competition. 4 Likes |
Re: Dangote Cement To Shut Gboko Plant by manny4life(m): 7:41pm On Dec 06, 2012 |
Mr Dangote is crying just because of a minute qty from Ibeto, he should wait, when the SE turns into industrial zone and there's fierce competition, I'm sure he will close down all his manufacturing plants. This is more reason why South Easterners need to gear up. What Dangote is telling us is that he isn't capable. |
Re: Dangote Cement To Shut Gboko Plant by salolo(m): 8:06pm On Dec 06, 2012 |
what is the problem again. sackkkkkkkkkkkkkk |
Re: Dangote Cement To Shut Gboko Plant by thaira(f): 8:53pm On Dec 06, 2012 |
General Garicks: The glut in the market is seriously annoying. This is december and instead of cement price going up, it's rather coming down. People are not even cashing in on the lower prices to build their houses as they complain there is no money anywhere. The cheapest trip of stones is about N28,000. White sand is about N17,000 a trip. A tank of water is N4,000. A 2-bedroom bungalow with fencing can consume 3-trips of stones, 8-trips of sand, 6-tanks of water and about 4,500 blocks at a cost of N140 per block. Labour and supervision fees is something else. These things are costly to source. Cement dealers are really crying. I think Dangote's main headache would be that if he reduces price in the South East, he has to do the same in other regions of the country. There's really no reason for him to reduce prices there as his brand is preferred and his prices are good enough compared with the competition. Its simply a business decision. |
Re: Dangote Cement To Shut Gboko Plant by Yujin(m): 9:14pm On Dec 06, 2012 |
puffpuff: THE 4 BASIC LAWS OF DEMAND,SUPPLY AND PRICEYou are definitely intelligent. Natural market forces will force him back into production. His action is indeed a sabotage on Nigeria but will politics allow the right thing to be done? 1 Like |
Re: Dangote Cement To Shut Gboko Plant by seunfly: 9:37pm On Dec 06, 2012 |
Why will government allow inportation of cement into the nation when we already have enough manufacturing plant that has created jobs in Nigeria , even if they want to avoid monopoly they should inpose tax on inported and subsidies local production to put them at par. Now thausands of Nigerian jobs are going to where ever those job killers are inporting from. I suspect Ibeto and burham they are the only cement in the markect with out factory in Nigeria. |
Re: Dangote Cement To Shut Gboko Plant by calcal: 9:58pm On Dec 06, 2012 |
Mr. Dangote cannot compete in the phase of advance tech to reduce cost of production. |
Re: Dangote Cement To Shut Gboko Plant by kolexy(m): 10:27pm On Dec 06, 2012 |
initiator: The problem is that these Nigerian plants don't use coal for their production. They use gas, and gas us quite cheap in Nigeria. |
Re: Dangote Cement To Shut Gboko Plant by bigx(m): 11:59pm On Dec 06, 2012 |
akpumping7720: Which states that all things being equal, the demand for a product would increase per unit decrease in price. This is not related to what I am talking about, except the producer benefits from economies of scale as a result of increased demand, price wars are the fastest way to shut any company down. |
Re: Dangote Cement To Shut Gboko Plant by COOLDUN: 12:31am On Dec 07, 2012 |
eldoradoxx: Its only in Nigeria that there is nothing like market trend that sees prices go up and down depending on market forces. Dangote has actually proved that rather than allow glut in supply force the price of cement down, he would rather mop up supply by draining the market of supply and pushing market price of cement upward. That is economic sabourtage!!! I know his reference to South East is directed at Chief Cletus Ibeto of Ibeto cement whose cement is chasing Dangote cement out of that seriously developing region. Dangote should live and let live. Do not mind the illiterate and myopic business man; imagine a man that was given the 2nd highest Award that is for the Vice president of the country, crying because his product is competed with another citizen of the country. This crook is happy that Nigerians are suffering because of his monopoly of business in Nigeria right? All these is one of things we shall expect from the deregulated oil sector when people like Dangotes are given the license to build refineries , as we are made to believe that there will be a competition of products and prices. In India a bag of cement is sold at 150 INR which is about 450 naira, it was 100 INR, before it was increased recently to the new price. But the giant of Africa is selling it at 2,000 Naira; still this terrorist is not satisfied. This is why the criminals that were awarded the license to build refineries turned around and become importers of refined fuel from abroad. Shame, shame, shame. GEJ, if you like fold your arms and smile like a snail that is brought out from its shell, one day soon Dangote will be dragging your Commander In Chief with you. Even ask you to make his wife the first lady, because he is a shylock investor. Ordinary people and group of people own cement producing companies in India, while in Nigeria it is only one man that is representing the ex Commander in Thieves of the Armed Forces of Nigeria. Bunch of rougues. 1 Like |
Re: Dangote Cement To Shut Gboko Plant by abbeybanks(m): 1:21am On Dec 07, 2012 |
acidtalk: Will the workers lose their jobs? Na presido of Giant of Africa u dey yan about.... i dey naf |
Re: Dangote Cement To Shut Gboko Plant by koolg: 10:31am On Dec 07, 2012 |
Goodgoody1: If there has been a glut why don't they reduce the price of the cement to N1,000.00 so that people can make more purchases. It will be better for him dangote reduce his price and sell more that the imported south eastern companies as said Exactly. Reduce the price! |
Re: Dangote Cement To Shut Gboko Plant by koolg: 10:34am On Dec 07, 2012 |
feelamong: Help ma ask am Ooº°˚ ˚°ºoo |
Re: Dangote Cement To Shut Gboko Plant by JaaizTech: 7:05pm On Dec 07, 2012 |
General Garicks: The glut in the market is seriously annoying. This is december and instead of cement price going up, it's rather coming down. People are not even cashing in on the lower prices to build their houses as they complain there is no money anywhere. The cheapest trip of stones is about N28,000. White sand is about N17,000 a trip. A tank of water is N4,000. A 2-bedroom bungalow with fencing can consume 3-trips of stones, 8-trips of sand, 6-tanks of water and about 4,500 blocks at a cost of N140 per block. Labour and supervision fees is something else. These things are costly to source. Cement dealers are really crying. I think what is happening is that there is low purchasing power in the economy (No money in the economy). I doubt it is because of cement importation, that had always existed; it is more of an issue of credit crunch. I remember a friend lamenting that there is no money in the economy, and I was wondering what He was talking about ![]() |
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