Cement News tagged under: East Africa
Bamburi Cement records 21% climb in turnover30 August 2021, Published under Cement NewsKenya's Bamburi Cement has recorded a 21 per cent YoY growth in turnover to KES19.6bn (US$178.45m) for the first half of 2021, compared with KES16.2bn in the 1H20. Pre-tax profit also surged to KES1.1bn from KES213m. The company attributed the results to a recovery of the cement market, with domestic and export volumes rising while demand for premium cement products also increased. "The past year has been a learning curve that has enabled us to evolve towards more modern business practic... |
Kenya consumption up 27% in 5M2123 August 2021, Published under Cement NewsCement consumption in Kenya advanced 26.6 per cent YoY to 3.35Mt in the January-May 2021 period when compared with 2.64Mt in the 5M20, according to the Kenya National Bureau of Statistics. The increase was supported by ongoing infrastructure projects such as the Nairobi Expressway and higher activity in the real estate market. Output from domestic producers increased by 27.3 per cent to 3.38Mt in the 5M21 from 2.65Mt in the 5M20. “Cement production has been strong, aligned with consumpti... |
New 0.2Mta plant set to be built in Mozambique20 August 2021, Published under Cement NewsA new cement plant is expected to be constructed in the Namacurra district of Mozambique, with around US$15m of Chinese investment. The feasibility of the 200,000tpa unit depends on the environmental impact study. The public consultation of which begins this month, according to Fom Ma Jo Chon, representative of Africa Great Wall Manufacture. The company expects the process to be completed in six months and plant construction to begin shortly afterwards. The limestone used will be Mozambica... |
Lafarge Cement Zimbabwe sees 24% rise in cement volumes06 August 2021, Published under Cement NewsLafarge Cement Zimbabwe registered a 23.7 per cent increase in cement volumes spurred by growing demand in the period ended May 2021, compared to the prior year. Company secretary, Faithful Sithole, said there was a surge in demand for cement for home building in spite of the adverse impact of the COVID-19 pandemic. "In line with the 2021 strategic agenda, the business achieved volume growth leveraging on the growing market demand in the individual home builder segment as well as the o... |
Bamburi Cement Ltd changes to Bamburi Cement PLC03 August 2021, Published under Cement NewsKenya-based Bamburi Cement Ltd has changed its name to Bamburi Cement PLC in compliance with the Companies Act 2015 following shareholders’ approval on 10 June 2021. The name change follows registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with 'public limited company' or the abbreviation 'plc'. 'The change of name applies only... |
PPC Zimbabwe expects to repay legacy debt in FY2223 July 2021, Published under Cement NewsPPC Zimbabwe has acknowledged the receipt of US$11.2m under a legacy debts repayment facility. The company had accrued a US$21m debt due to cash flows generated in the country by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages. However, the cement producer’s debt repayments were boosted by a 2019 move from Reserve Bank of Zimbabwe to assume legacy foreign debts. The company has also announced that it expects to conclude repayments o... |
JK White Cement installs plant in Kenya22 July 2021, Published under Cement NewsJK White Cement has installed a cement plant in Athi River, Kenya, to manufacture white cement, wall putty, plasters and tile adhesives. The company had been importing the product from the UAE in partnership with Plascon, but the local plant should offer it a competitive edge in the market. The unit launched operations in May and is reportedly part of plans to expand into regional African markets through Kenya and South Africa. While its plans to move into South Africa were delayed due t... |
Lafarge Cement Zimbabwe to double cement capacity in 202214 July 2021, Published under Cement NewsLafarge Cement Zimbabwe (Holcim group) plans to double its cement milling capacity upon completion of the installation of a new vertical roller mill (VRM) in 2022. "The supply contract was signed in August 2020 and the manufacturing of the plant commenced the following month. Civil works for the VRM have since started and the expected completion date for the project is February 2022," Lafarge Cement Zimbabwe stated. The mill installation will be the last phase of a US$25m investment pl... |
Dangote Cement considers Mtwara expansion09 July 2021, Published under Cement NewsDangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager of Dangote Cement Tanzania. The plant currently has 3Mta of cement capacity, which has already inc... |
Scaling up for growth29 June 2021, Published under Cement NewsCement producers do not just manufacture cement, they need to sell it too. So what happens when a new equity partner invests in the company with a plan to increase factory output sixfold? How do you scale up for growth, increase market share and ensure that sales keep up with production volumes? By Transnova, South Africa. Rwandan cement producer cimerwa migrates from the distributor model to that of a delivered service to better manage sales volumes, customer loyalty programmes, m... |