FORWARD

Damnaz Cement Company Limited was established on May 11th 2007.  The idea is to have a first class Company that will provide the required expertise and leadership in cement production using latest technology.

The Company will expand its horizon in the African continent, particularly West Africa.  It is the belief of the founding members that their various backgrounds and tract records and professional competencies will add values to these companies.

WHO ARE THE PEOPLE BEHIND DAMNAZ?

Yes it is not only the Company that matters but those behind it and what they plan to do with it.  Why?  The simple answer is, because future is what matters most in any organization.

The people who established Damnaz are group of professionals who have excelled in their various fields of endeavour and are of proven integrity and experience.  There is no member of the group that has not been involved in the cement manufacture or who has not held a position of either an MD of a cement plant or something similar to that.  Therefore, if you are talking of experience in cement production, certainly these people are ones to reply upon.  Many of us are also financial and management experts in addition to being engineers.  In other words we are also financial managers and engineers.

CO-OPERATION WITH OTHER CEMENT PLANTS IN THE WORLD

Damnaz has initiated preliminary cooperation arrangements with a lot of reputable cement plants in the world so that at the time of need we will be able to have required expertise from some of the best cement plants you can ever find in the world.

We have currently initiated discussion with the Ultratech Cement in India aimed at having a very meaningful technical and managerial co-operation.  The Ultratech Cement Company produces 17 million tones of cement per year.  They have within the group some modern Single Integrated Cement  Plants with capacities of up to 5.3 million tones per year.  These plants use the latest technology you can find in the market.

So the co-operation with this Company will be very beneficial to CCNN and other Companies in the Group.  We are also entering into the same cooperation with HeidelbergCement Group in areas of their competence which they have signaled their intention to accept.  Already an officer has been mandated to liaise with officials of Damnaz to agree on those areas of cooperation.

FUTURE OF CCNN UNDER DAMNAZ CEMENT COMPANY LIMITED

Damnaz’s plan is to make sure that all problems currently worrying the plant will be solved so that it will be run flat out at its rated capacity of 500,000 tonnes per year.  The intention is to make the Company one of the modern cement plants in Nigeria.  We will try as much as possible to protect the environment in our operations.  The initial attempt will be to have a green field cement plant that is efficiently operated with little or no problem to the environment.

EXPANSION OF THE PLANT

The plan of Damnaz is to liaise with other Shareholders of the Company to increase the capacity of the plant to 750,000 or 1,000,000 metric tonnes per year depending on the outcome of feasibility studies to be undertaken at a later stage.

Expansion and upgrading of the plant are necessary to ensure that we are not let out in the scheme of things since our plan is to play a major role in the industry.  We also want to be as efficient as we can in our operations because it is the key to the Company’s survival in this competitive world.  These make our hopes and expectations very high and therefore all hands must be on deck to ensure the success of this takeover.

TRAINING OF PERSONNEL

The purpose of entering into cooperation with other experienced and reputable cement plants in the world is to make sure that our plant has the latest technology for its operation. 

Sustaining this technology will require necessary skills to go with it, which will involve a lot of training and retraining of personnel in these modern and efficient cement plants.

Damnaz Cement has already started many initiatives which will certainly unfold before the end of the year.  We shall work tirelessly with the staff of CCNN and Malbaza to achieve smooth and efficient operation in these Companies.

GOOD RETURN ON INVESTMENT

One of the cardinal principles of Damnaz Cement is to make sure that our shareholders are well protected and have better return on their investments. This can of course be achieved through proper and efficient operation of the plant.  This will be in the form of good dividend policy and bonuses.  We therefore continue to solicit the support and cooperation of the shareholders to their Company.