Cement News tagged under: Ethiopia
Ethiopian plants warned to fast-track outstanding deliveries06 January 2022, Published under Cement NewsEthiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement. According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials." These factories, whic... |
DMC prepares power supply for new project02 September 2021, Published under Cement NewsEthiopia-based Derba Midroc Cement (DMC) and Sinohydro Construction Ltd have signed an ETB330m (US$7.24m) contract for a power expansion project that will allow the factory to double production and receive sustainable energy. The project to install the 132kV unit is expected to be completed within 14 months and will be supervised by Ethiopian Electric Power (EEP). DMC plans to begin production on its second production line within the next six months. It will have the same capacity as its f... |
Messebo Cement resumes operations24 March 2021, Published under Cement NewsEthiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa. |
Ethiopia's cement sector is on the brink of transition12 March 2021, Published under Cement NewsThis week the construction of the Lemi National Cement industrial Complex by East Africa Holdings (National Cement) and West China Cement Ltd in the Amhara region of Ethiopia was announced. This privately-owned industrial park will invest US$2.2bn into the production of building materials, including a 10,000tpd cement plant, adding 3.3Mta to domestic cement capacity and is scheduled to take 18 months to complete. It will take 5-7 years to before the complex is fully complete. Cement ... |
New cement project set to begin in Ethiopia09 March 2021, Published under Cement NewsLemi National Cement Industrial Complex, a new private industrial park, is set to be built in the Amhara region of Ethiopia by private investors, according to The Swazi Observer. The US$2.2bn complex is expected to feature many different factories, including a 10,000tpd cement plant. Other factories to be built at the park include gypsum, board and glass manufacturing. The new park is owned by East Africa Holdings, the group which also runs National Cement. China’s West International Hold... |
Mugher Cement Factory seeks production increase27 January 2021, Published under Cement NewsEthiopia’s Mugher Cement Factory will boost production to increase its share of the market, according to Takele Uma, minister of mines and petroleum. The minister stated that the state-owned cement factory’s current production volumes are disproportionate compared to the abundant natural resources in the area. Therefore, efforts will be made to improve production capacity and increase its market share above 25 per cent. |
PPC delays FY20 earnings results30 September 2020, Published under Cement NewsPPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do... |
National Cement to boost production and build new plant09 September 2020, Published under Cement NewsEthiopia’s National Cement (East African Holdings) is currently conducting a study at its plant in Dire Dawa to boost its 3000tpd capacity by 30 per cent. "We are planning to start implementing this plan and start producing 4000t of cement per day within the coming six months," said Buzuayehu Tadele Bizenu, board chairman of East African Holdings. Last year, the company produced over 1.2Mt of cement with most of the cement products sold in the domestic market. East Africa Holdings i... |
Ethiopia invites private sector to address cement shortage03 September 2020, Published under Cement NewsTo end the chronic shortage of cement in the market, Ethiopia’s Ministry of Trade and Industry has prepared a new guideline to introduce the private sector to the supply chain. The measure went into effect from 31 August 2020. State Minister of Trade and Industry, Eshete Asfaw, said the guidelines are mainly prepared to sustain the supply chain and allow the private sector to take part in cement supply in the country. Previously the Ministry had decided that only governmental organisatio... |
Dangote's 1H20 results see 2% revenue growth27 July 2020, Published under Cement NewsDangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said: "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ... |