Cement News tagged under: Africa
Vicat shows good profit growth in the USA, India and Africa11 March 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per... |
Italcementi improves margins06 March 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-... |
EAC producers call for review and uniformity of standards19 February 2015, Published under Cement NewsRegional producers in the East African Community are calling for cement and limestone standards to be reviewed and harmonised in accordance with international best practices. According to reports by AllAfrica news, the move follows complaints from producers over lack of uniformity on standards that govern the industry, which they said affects competitiveness of the sector and ultimately intra-regional trade, especially cement exports. Fidelis Sakwa, a representative of the EAC cement produ... |
Ghana: calls for end to bagged imports19 February 2015, Published under Cement NewsThe Strategy and Corporate Affairs Director of GHACEM, Dr George Dawson-Ahmoah, has called on the country’s government to ban imports of bagged cement into the country, stressing that domestic supplies are sufficient to meet local requirements. Speaking to newsmen in Takoradi after a meeting with the Minister of Trade and Industry, Dr Ekwow Spio-Garbrah, who was on a working visit to the company, Dr Dawson-Ahmoah declared: “We have sufficient quantity of locally produced cement to drive t... |
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
10th Cemtech MEA opens in Dubai09 February 2015, Published under Cement NewsCemtech Middle East & Africa 2015 opened at the Grand Hyatt Dubai, UAE, today with over 270 participants for a two-day conference covering the worldwide cement industry and manufacturing technology. The 10th Cemtech Middle East & Africa conference opens before an international audience of 270 cement sector professionals Opening the meeting, Thomas Armstrong, managing editor of International Cement Review, provided an overview of the main themes facing the cement sector, part... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
Ashaka board recommends Lafarge buy-out offer to minority shareholders29 December 2014, Published under Cement NewsThe board of directors of Ashaka Cement has advised minority shareholders to accept the buy-out mandatory tender offer (MTO) by Lafarge Africa. Lafarge Africa has offered to buy out minority shareholders in Ashaka Cement following the merger of Lafarge's Nigerian and South Africa's businesses. Under the offer, Lafarge Africa is making an MTO to minority shareholders to buy 927 million shares, representing 41.39 per cent of the company. Shareholders who accept the offer will receive 57 ... |
Ethiopia: talks on 10-year industry development strategy23 December 2014, Published under Cement NewsDiscussions are being held by stakeholders on a draft 10-year cement development strategy for the development of Ethiopia’s cement industry. State Minister of Industry Mebrat Meles said the strategy will be aimed at boosting plant productivity and ensuring the availability of cement at affordable prices for low income earners. Representatives from domestic cement plants share this same view and vowed to realise the strategy, according to local press reports. Problems of limited capacity... |
Angola to ban cement imports in 201517 December 2014, Published under Cement NewsAngola has banned the import of cement in 2015 with the country having achieved self-sufficiency in terms of cement production but has set a quota of 150,000t for three outer-lying provinces, the minister for construction said on Monday. Following a meeting of the Economic Commission of the Council of Ministers, Minister Waldemar Alexandre Pires stated: “Due to the investments made by various companies, the installed capacity of cement production in Angola is 8Mt and demand is around 6.5Mt.... |