Cement News tagged under: Africa
BUA Cement 's revenue rises by 41% in 9M2231 October 2022, Published under Cement NewsBUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75.7bn as at 9M21. Profit before tax increased by 19.5 per cent to NGN88.8bn from NGN74.3bn as at 9M21. |
Ibeto Cement reopening could provide jobs for Igbo people20 October 2022, Published under Cement NewsWhile Dangote Cement 's Obajana plant has caused alarm at the manner and violence of its sudden closure, the long-term closed plant of Ibeto Cement still holds the potential for thousands of jobs for the Igbo people in the southeast. Iyke Uzukwu, a Nnewi-based analyst, wants the federal government to reopen the cement plant to release these jobs. Mr Uzukwu has called on the leadership of the Ohaneze Ndigbo group, which represents the Igbo people, to add its voice to the issue of the Ibet... |
Cemtech Middle East & Africa 202319 October 2022, Published under Cement NewsCemtech Middle East & Africa 2023 conference and exhibition will take place at the Grand Hyatt Dubai on 12-15 February 2023. Manufacturing Excellence | Circular Economy | Decarbonisation Cemtech returns to the international hub and desert metropolis of Dubai, UAE, for the next edition of the Middle East & Africa conference and exhibition. Fully refreshed, sponsored by the AUCBM and supported by our partners, A 3 &Co.®, this event promises to be unmissable for all cement ind... |
Dangote responds to Obajana plant closure10 October 2022, Published under Cement NewsDangote Cement Plc wishes to enlighten stakeholders and the public on the recent shutdown at its Obajana Cement plant in Kogi State. Dangote Cement said, "thugs and local vigilantes from the State Government invaded and sealed the Obajana Cement plant [last Wednesday] over alleged claims of unpaid taxes and Kogi State Government purported equity interest in Dangote Cement PLC. This development led to several of our staff being harmed by these thugs and local vigilantes." Dango... |
Dangote's Obajana cement factory closed off06 October 2022, Published under Cement NewsDangote Cement's Obajana cement factory in Kogi state, Nigeria, has been sealed off by Kogi State Internal Revenue Service (KGIRS). The plant has been closed off because KGIRS is investigating the company over tax evasion and acquisition controversy, according to Politics Nigeria. In explaining the action, Kingsley Fanwo, the Kogi State Commissioner for Information, said: “Pursuant to the Constitutional authorities of the Kogi State House of Assembly, and upon petition by the people of... |
Dangote revives plans to open Kenyan factories26 September 2022, Published under Cement NewsWhile attending the inauguration of Kenya’s fifth President Dr William Ruto, Aliko Dangote revealed that he wants to revive plans for two new cement plants for Dangote Group in Kenya. The two cement plants would have a combined capacity of 1.5Mta. Earlier in 2017, Aliko Dangote registered two companies, Dangote Cement and Dangote Quarries Kenya Ltd, in Kenya with operations in Nairobi and Mombasa. Dangote has 90 per cent share owership in these companies with 10 per cent held by local s... |
Votorantim Cimentos Maroc signs JV for industrial waste pre-treatment platform23 September 2022, Published under Cement NewsVotorantim Cimentos Maroc and Veolia Group have signed a joint venture shareholding agreement for the implementation of an industrial waste pre-treatment platform. This action is part of Votorantim Cimentos Maroc’s efforts to decarbonise the sector, aligned with United Nations commitments that align with the objectives of the Paris Agreement. This platform will allow the African cement producer to reduce energy-related CO 2 emissions by maximising the recovery and co-treatment of ... |
Kenyan cement consumption grows by 18% in 1H2222 September 2022, Published under Cement NewsKenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, according to Kenya National Bureau of Statistics (KNBS). KNBS reports that 4.97Mt of cement were used in the six months from 4.06Mt consumed in a similar period last year. This was achieved despite a sharp rise in the retail price of a 50kg bag of cement which has risen by KES300 (US$2.48) since March on rising cost... |
CIMAF Gabon to build clinker factory in Meba20 September 2022, Published under Cement NewsCIMAF Gabon is establishing a clinker factory in the Meba area of Gabon, 40km east of the capital. CIMAF’s project was announced at the prime minister's office on 13 September, with the signing of an investment agreement between the leaders of CIMAF and the Gabonese authorities. No further details were given at the time. The Moroccan owned company currently operates a 0.85Mta grinding plant in Libreville. |
PPC Group revenues rise 9%16 September 2022, Published under Cement NewsPPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimbabwe were offset by robust demand growth in Rwanda. In addition, cash generation remains positive and... |