Cement News tagged under: Africa
Savannah Cement has overcome its clinker shortage difficulties07 January 2022, Published under Cement NewsSavannah Cement managers have denied that the company is facing financial problems, saying a shortage of clinker had slowed down production for the Kenyan cement producer in the 3Q21. In an exclusive interview with Nation Africa, Mr Shivina said the company is financially stable. He said the company relies on imported clinker for cement production, but supply was disrupted in 2021 due to a shortage of vessels as the global economy suffered from a COVID-19-related supply chain backlog.... |
Ethiopian plants warned to fast-track outstanding deliveries06 January 2022, Published under Cement NewsEthiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement. According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials." These factories, whic... |
Natal Portland Cement secures five-year loan27 December 2021, Published under Cement NewsAs part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man... |
Lafarge Cement Zimbabwe Ltd appoint new CEO27 December 2021, Published under Cement NewsLafarge Cement Zimbabwe Ltd (Holcim group) has appointed Mr Geoffrey Ndugwa as the new CEO. Prior to his appointment, Mr Ndugwa was the CEO of Lafarge Malawi between December 2019-November 2021. He has 17 years of cement industry experience working in various capacities across Africa, including Director for Bamburi Group in Kenya, General Manager of Innovation and Marketing for Lafarge WAPCO Nigeria Plc, General Manager of Bamburi Special Projects Ltd in Kenya, Head of Business Support at... |
Cemtech Middle East & Africa 202216 December 2021, Published under Cement NewsVirtual conference: Cemtech Middle East & Africa Date: 21-23 February 2022 Free registration: https://us02web.zoom.us/webinar/register/WN_L5yZC6zZRxiWoZ6oqw8AGA Cemtech will hold its annual flagship Middle East & Africa conference as a virtual event on 21-23 February 2022. The meeting will explore major developments underway in the regional cement industry including: In-depth industry analysis, corporate developments and cement market forecasts Insights into the l... |
Cameroon minister accuses cement producers of price-fixing13 December 2021, Published under Cement NewsIn a correspondence sent to the managing directors of various cement producing firms on 9 December 2021, Minister of Commerce, Luc Magloire Mbarga Atangana, denounced an illegal agreement to increase the prices of the products. "It has come to my attention, through written communications of which I have copies, that ypu unnanmously and unilaterally decidd to increase your sales prices by XAF500 (US$0.86) and 300 per cent depending on the type of cement," the government official wrote. T... |
Lafarge Zambia to revert name to Chilanga Cement13 December 2021, Published under Cement NewsLafarge Zambia (Holcim group) is set to change its name and revert to ‘Chilanga Cement Plc’ following a share sale and purchase agreement signed and executed with Huaxin (Hainan) Investment Co Ltd. Lafarge Zambia Plc has also announced the appointment of its new director of the board and chief executive officer, Chai Jianping. |
Zimbabwe to keep imports flowing10 December 2021, Published under Cement NewsThis week, Zimbabwe's cement market opted to keep import permits in response to increasing cement shortages. Zimbabwe’s cement sector has been stretched and reliance on Lafarge Cement (Holcim group) and PPC, the top two domestic producers, has led to the current situation where imports have become a necessity to complete private and public building projects. The immediate cement shortage in the country has been exacerbated by Lafarge Cement’s plant breakdown, where a roof collapsed on a ... |
Pakistani cement exporters face several challenges24 November 2021, Published under Cement NewsThe exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and Delhi, anti-dumping duties, and the financial crunch in Sri Lanka, according to Inayat Ullah Niazi, CFO of DG Khan Cement. DG Khan exports its products to Afghanistan, Kenya, Madagascar, Maldives, Mozambique, Seychelles, Sri Lanka and Tanzania. As a result total cement exports declined by 40.4 p... |
Soaring freight rates prompt cement sector reaction29 October 2021, Published under Cement NewsThis week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri... |