Cement News tagged under: Rwanda
PPC27 June 2019, Published under Cement NewsPPC, the majority shareholder in Cimerwa cement, is considering buying the Rwandan government’s stake in the company. PPC has held a 51 per cent share in Cimerwa since 2012. The Rwandan government has a 16.54 per cent share, held through Agaciro Development Fund, Rwanda’s sovereign wealth fund. Other shareholders include the Rwanda Social Security Board (20.24 per cent), Rwanda Investment Group (11.45 per cent) and Sonarwa Group (0.76 per cent). The government has set the deadline of 5 J... |
PPC to consider buying remaining stake in Cimerwa26 June 2019, Published under Cement NewsCimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa. The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, while the Rwanda Social Security Board (20.24 per cent), Rwanda Investment Group (11.45 per cent) and S... |
Rwanda Bureau of Standards rejects Hima Cement imports17 April 2019, Published under Cement NewsRwanda Bureau of Standards (RBS) returned cement imports into Rwanda by Uganda's Hima Cement Ltd (LafargeHolcim group) last month after they failed to meet the country's import quality standards. The cement that was transported in three 30t trucks was returned to Uganda, confirmed Uganda's government paper, New Vision. RBS Director General, Raymond Murenzi, clarified that the goods were subjected to routine standards tests which they failed to meet. The cement packages were found to weigh... |
Rwandan government to divest Cimerwa stake11 March 2019, Published under Cement NewsThe state of Rwanda has put up its 49 per cent stake in Cimerwa up for sale, according to an announcement made by the country’s Prime Minister, Edouard Ngirente on 9 March 2019. An auction will be organised at the end of the month. South Africa-based PPC currently holds a majority stake of 51 per cent in the Rwandan cement producer, but has not expressed an interest in acquiring the 49 per cent shareholding for sale. Cimerwa operates a 0.6Mta integrated plant in Rusizi. The government is ... |
LafargeHolcim04 February 2019, Published under Cement NewsThe sale of the 80.6 per cent stake in Holcim Indonesia to Semen Indonesia, formerly known as Semen Gresik, has been completed, taking Semen Indonesia’s share from 35.7 per cent of the national capacity to 49.5 per cent. The deal, valued at around US$1750m, adds four cement works, 33 ready-mixed concrete plants and two quarries to Semen Indonesia’s production base. Semen Indonesia also has a sizeable cement business in Vietnam. The completion of this deal suggests that a disposal of the Phil... |
Hima Cement looks at expansion in Rwanda29 January 2019, Published under Cement NewsHima Cement (LafargeHolcim) of Uganda is considering expanding its presence in Rwanda with a sister plant, says Jumoke Adegunle, the company's general manager. The company currently has offices in the Nyacyonga-Jabana sector, Gasabo district, where it also has a warehouse and a ready-mix plant. "Hima cement has been in Rwanda for about 20 years now supplying cement and in the last two years we came into Rwanda more strongly to be a corporate citizens. We pay taxes and we are here in Rwand... |
Aliko Dangote has targeted Kenyan producer believed to be ARM09 November 2018, Published under Cement NewsDangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol... |
Kigali Cement plant auction postponed26 September 2018, Published under Cement NewsThe auctioning of Kigali Cement’s plant in Nyarugenge, Rwanda, has been postponed, allowing more time for talks between the involved parties. The sale was being made to allow the company to pay its creditors, Rwanda Enterprise Investment Company (REIC). However, Kigali Cement and REIC have now agreed to hold talks, according to Aloys Bizimana, court baliff in charge of the auction. "We can postpone one, two or three times but we cannot continue [to postpone the auction] forever. We have ... |
Kigali Cement plant to go under auction24 September 2018, Published under Cement NewsKigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it was rejected because it was far lower then the 70 per cent of the RWF1.27m, the market value of the... |
Prime Cement's new plant begins construction29 August 2018, Published under Cement NewsConstruction of Prime Cement’s new plant in Musanze, Rwanda, began on Thursday. The cement manufacturer, part of Milbridge group, plans to complete the works within the next 12 months. The facility is expected to produce 0.6Mta of cement during the first phase and increase to 1.2Mta in the second. "Rwanda is a stable country with a very stable political situation, the economy is growing very impressively and we were supported by local authorities such as the Governor, and even the Presiden... |