Cement News tagged under: East Africa
East Africa Portland Cement is ready to tap domestic market02 August 2023, Published under Cement NewsEast Africa Portland Cement Co Plc and its Athi-River plant is set to expand its clinker production to serve the domestic market after the government imposed a 17 per cent duty on imported clinker. According to Managing Director, Oliver Kirubai, the cement maker has drawn a road map for its revival and has realised improved production by 25 per cent as of September 2022. The increase in production was informed by the first phase of refurbishing the plant, increasing efficiency and cut... |
Uganda’s upturn awaits25 July 2023, Published under Cement NewsDespite Uganda’s cement market remaining flat in FY21-22, expectations are for a revival in demand growth with the introduction of new infrastructure and housing plans. The country’s domestic industry remains reliant on the import of major input materials, including clinker, while the surplus cement situation looks set to continue. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India. While Uganda’s economy contracted in FY19-20, the following two years saw a pick-up that is now leading... |
InterCement sells African businesses to Huaxin Cement04 July 2023, Published under Cement NewsInterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the announcement of the sale of InterCement's operations in Egypt in January 2023, the sale of the remaining Mozambique and South Africa businesses further positively contributes to the group's ongoing liability management plans and the acceleration of InterCement’s broader strategic review to return focus to its core m... |
Derba Cement to expand capacity to 15,000tpd26 June 2023, Published under Cement NewsEthiopia-based Derba Midroc Cement , part of the Midroc Ethiopia plc , plans to expand its cement capacity to double its daily production to 15,000tpd with a new plant in Mughar Valley, Oromia – not far from its existing plant. When completed, the producer will be the largest cement producer in Ethiopia. To implement the project, Derba looks to sign an agreement with China National Building Materials (CNBM) this week. Prior attempts to expand the production capacity in 2017 were const... |
Bamburi Cement to consider expansion despite macroeconomy19 June 2023, Published under Cement NewsBamburi Cement PLC ( Holcim group ) held its 72nd Annual General Meeting in Nairobi on 15 June, chaired by the Board and Management, which included Chairman Dr John Simba, Group Managing Director Mohit Kapoor, and Group Chief Financial Officer Eugene Antera. According to Mr Kapoor, "Kenya's macroeconomic situation is challenging due to inflation, currency devaluation, an uncertain tax environment, and restricted liquidity. “High power costs continue to be an issue and as a ... |
Devki Group to boost clinker exports09 June 2023, Published under Cement NewsNational Cement (Devki Group) has announced that it will export up to 80 per cent of the clinker it produces when its new West Pokot plant in Kenya starts production. This will see increased clinker supply to the neighbouring countries of Uganda, Rwanda and Burundi. Uganda's market is starved of clinker production with a capacity of just 1.86Mta, far below its nominal cement capacity of 7.13Mta, according to The Global Cement Report Plant Database (GCR PD). Rwanda's market is similarly defi... |
Kolos Cement posts MUR48.5m loss31 May 2023, Published under Cement NewsMauritius-based Kolos Cement reported losses of MUR48.5m (US$1.06m) in the January-March 2023 quarter. The company’s turnover increased 9.4 per cent to MUR522m when compared with MUR477m in the January-March 2022 quarter. Inflation, exchange rate volatility, and rising raw material and fuel costs impacted on the company’s profit margins. For example, fuel costs were up by 264 per cent YoY and packaging expenses by 80 per cent. “Our losses are attributed to increased costs locally and in... |
Khayah Cement recovers with new VRM and dry mortar plant19 May 2023, Published under Cement NewsZimbabwe-based cement producer, Khayah Cement Ltd , has reported a 96 per cent YoY leap in sales volumes in the quarter ended 31 March 2023. According to the company, the strong results have been supported by the installation of a vertical cement mill (VRM) in the 3Q22. This follows the collapse of the plant, which brought production to a standstill between October 2021 and 2022. 2021 also saw the company invest in an automated dry mortar plant, resulting in dry mortar product sales adv... |
New administrator for Savannah Cement announced17 May 2023, Published under Cement NewsHarveen Gadhoke of Adili Associates has been appointed to turn around impoverished Savannah Cement with the view of recovering KES10bn (US$72.8m) owed to KCB and Absa Bank Kenya. Savannah Cement has been in court for the past year, disputing the debt of over KES7bn owed to KCB Bank and over KES3bn owed to Absa Bank. The cement firm has been facing financial challenges for the past three years. It closed briefly in late 2021, forcing all employees to proceed on a 10-day break to pave th... |
Kenyan clinker imports set for additional tax09 May 2023, Published under Cement NewsKenyan producers of clinker are being boosted with the proposal to introduce a new tax as the State moves in to protect local industry. The export and investment promotion levy is a new tax that the William Ruto administration is seeking to impose on imported goods that can be made in Kenya to boost the local manufacturing industry. The Kenyan state government has, through the Finance Bill 2023, proposed the export and investment promotion levy rate on imported clinker at the rate of 10 p... |