Cement News tagged under: Ethiopia
Inchini Cement seeks export permit, Ethiopia19 September 2012, Published under Cement NewsEthiopia-based producer Inchini Bedrock Cement factory is seeking approval to export cement volumes to neighbouring countries as domestic demand has declined, forcing the factory to operate at 52 per cent capacity utilisation. The Addis Fortune reported that the company is seeking an export permit and is in negotiations with three regional customers, citing Inchini’s operations manager, Daniel Ganyi. According to the report, the management at the local cement factory have concerns on the ... |
National Cement to begin trial productions, Ethiopia13 September 2012, Published under Cement NewsNational Cement SC, Ethiopia is expected to begin production in October in an expansion project which began in 2005. According to reports in the Addis Fortune, National Cement will begin with clinker trial production in October and Cement trial production after a month in November according to Engineer Busa Assefa, Chief Executive Officer of the company. The trial production phase will begin at 60 per cent of clinker and 70 per cent of cement production rate to become fully operationa... |
South Africa's PPC invests in Ethiopian cement firm26 July 2012, Published under Cement NewsSouth Africa's Pretoria Portland Cement and a state investment body South Africa’s Industrial Development Corporation (IDC) have jointly secured a 47 per cent equity stake in the Habesha Cement Share Company (HCSCo) of Ethiopia. PPC’s US$12m cash investment secures 27 per cent in HCSCo and is a significant step in PPC’s African expansion strategy. This is PPC’s first investment into the Ethiopian and east African cement market. The IDC will simultaneously invest US$9m for a 20 per cent stak... |
Birla Corp mulls Ethiopian cement plant29 June 2012, Published under Cement NewsIndia-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the country and secured a limestone mining licence. It has also applied for a coal mining permit, chairman Harsh V Lodha, told reporters at the sidelines of the company’s AGM. “We have formed a subsidiary to apply for the necessary licences. Once we get a coal mining permit, we will ... |
Birla Corp eyes cement plant construction in Ethiopia07 June 2012, Published under Cement NewsBirla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African country. “We plan to go there for exploration of mainly limestone, for setting up a cement plant. We would also explore opportunities of setting up power plants there,” said a Birla Corp official, speaking to Daily News & Analysis India. Birla Corp had previously tried to enter the east African country in 2010 by ... |
Derba Midroc announces second-round of price cuts, Ethiopia04 April 2012, Published under Cement NewsNewcomer to the Ethiopian cement sector Derba Midroc will announce another round of price cuts on wholesale cement, intensifying the price war on the local market. The 7500tpd Derba Midroc cement works was inaugurated in February this year, and is one of seven cement projects scheduled to come on-stream in the January-May period of 2012, according to Ministry of Industry data. Derba Midroc’s managers claim that they cutting prices to spur demand in a market that is currently facing a d... |
Small-scale Ethiopian producers seek export permits29 March 2012, Published under Cement NewsFollowing moves by larger Ethiopian cement manufacturers to secure export permits, two small-scale cement companies have also approached the government for licences. Of the 11 existing small-scale factories (with a capacity of less than 750,000tpa), East Cement and CK Clinker, officially requested the Ministry of Trade (MoT) to issue export permits, while others have sought information on the process, the Addis Fortune reports. The request is the result of an unanticipated drop in demand ... |
Derba MIDROC Cement inaugurated, Ethiopia06 February 2012, Published under Cement NewsDerba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated on Sunday in the presence of Ethiopia’s Prime Minister Meles Zenawi and other invited guests. The US$351m plant was built by the MIDROC Ethiopia group owned by Mohammed al-Amoudi, an Ethiopian-born Saudi Arabian billionaire who is one of the biggest investors in Ethiopia. Derba MIDROC located about 70km northwest of the capital, Addis Ababa, near Chanch town of Oromia State will produce 8000tpd of cement. Al-Amou... |