Cement News tagged under: GHACEM
Concerns over Ghana’s cement duopoly22 June 2012, Published under Cement NewsThe World Bank has expressed its concern over the dominance of Ghana Cement Company (Ghacem) and Diamond Cement Company in the sale of cement in the country, local press report. The bank is worried that the two companies control more than 80 per cent of the market and suppress competition in the sector with negative consequences on the prices and supply of cement to the building and construction industry. It has therefore called for urgent steps that would liberalise the market “to eng... |
Ghana facing cement shortage23 May 2012, Published under Cement NewsThe Ghana market is facing a shortage of cement attributed to the closure of Diamond Cement Manufacturing company, which has resulted in prices being increased on the back of heightened demand. Last week, CemNet news reported that Diamond Cement had stopped operations due to power issues due to a transformer being damaged during a recent thunderstom. Operations at the plant were said to resume shortly. Ghacem, the country’s leading cement producer and part of the HeidelbergCement grou... |
GHACEM to raise capacity as demand thrives17 January 2012, Published under Cement NewsGHACEM, the leading cement producer in Ghana, has reported that domestic cement demand increased by a record 22 per cent last year on the back of robust economic growth and oil activity, particularly in the western region of the country. Speaking at a GHACEM awards event, managing director Morten Gade, said his company is investing in expansion to improve capacity at both the Takoradi and Tema plants to meet rises in demand expected in 2012. “GHACEM being mindful of the positive grow... |