Cement News tagged under: Tanzania
GCR affirms ARM Cement's ratings, outlook Stable30 June 2014, Published under Cement NewsGlobal Credit Ratings (GCR) has today affirmed the national scale ratings assigned to ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively. The outlook is Stable. GCR said the Kenyan cement producer's well-entrenched position in the East African cement industry has been augmented by an aggressive roll-out of capacity in the past five years. With the completion of the Tanga plant in Tanzania later this year, ARM will secure clinker sufficiency in FY14/FY15, which... |
Tanzania: Banco Products to sell stake in Lake Cement09 May 2014, Published under Cement NewsBaroda-based Banco Products India Ltd, along with its subsidiaries, has decided to sell its Tanzania-based cement unit Lake Cement Ltd for US$17.68m, according to a stock market disclosure. Banco Products acquired a 51 per cent equity stake in the 0.5Mta Lake Cement in July 2010. The name of the buyer has not been disclosed. While Banco Products will be directly selling 3721 equity shares for US$0.38m, two of Banco Products' subsidiaries, Lake Minerals (Mauritius) Ltd and Nederlandse Rad... |
Nigeria: Dangote to stabilise cement price08 May 2014, Published under Cement NewsSpeaking to shareholders at the 5th 2013 Annual General Meeting Aliko Dangote, Chairman of Dangote Cement Plc, pledged that his company would intensify direct-to-consumer deliveries to help stabilise cement prices in Nigeria. Aliko Dangote admitted that most input costs into cement production have risen to an "astronomically high" level, but that his organisation is committed to reducing prices. Dangote sold 13.3Mt of cement in Nigeria within the financial year representing an increase of 2... |
African Forum checks dynamics of cement prices07 April 2014, Published under Cement NewsZambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta... |
EAPCC to tap Tanzanian market25 February 2014, Published under Cement NewsEast African Portland Cement Co (EAPCC) plans to enter the Tanzanian market, senior management has revealed. "We are looking at Northern Tanzania and have already identified a partner situated in Arusha," Kepha Tande, managing director of the Kenya-based cement producer, said on Friday. Tande said that stiffer competition in the company’s domestic market has led it to seek new markets to improve sales. EAPCC's market share has dropped by close to 12 per cent from 33 per cent three years... |
ARM optimistic on Kitui plant construction start, Kenya13 February 2014, Published under Cement NewsKenyan producer ARM Cement is getting closer to launching construction of a US$400m plant in Kitui County, the company’s managing director has said. Pradeep Paunrana told local press that the company has received support from the Kitui county government under Governor Julius Malombe. “We are optimistic that in the next few months, we will move on site for the groundbreaking to pave the way for construction to begin,’’ Standard Digital news quoted him as saying. The new plant will be s... |
Loesche wins new order from Tanga Cement Co28 January 2014, Published under Cement NewsLoesche GmbH has received an order from Tanga Cement Company, Tanzania, for the supply of two vertical roller mills. The order covers the engineering and supply of two Loesche vertical roller mills. One LM 41.4 will grind cement raw material at a product rate of 200tph with a fineness of 15 per cent R90μm while an LM 19.2 D coal mill will have a grinding capacity of 20tph with a fineness of 12 per cent R90μm. Included in the scope of supply are rotary star feeder for the raw meal mill and... |
Dangote on-track to complete five projects in 201414 January 2014, Published under Cement NewsDangote Cement will complete five cement plants across sub-Saharan Africa this year, adding around 13.5Mta of capacity to the group's existing volumes, according to Aliko Dangote, company chief executive. The projects include a 1.5Mta plant in Zambia and Tanzania each, a 3Mta works in South Africa and a 1.5Mta facility in both the Republic of Congo and Gabon. Last week, Nigeria's High Commissioner to Zambia, Sifawu Momoh, said that the Zambia plant will be inaugurated next month. In it... |
Mbeya Cement inaugurates new bag filter, Tanzania16 December 2013, Published under Cement NewsLafarge Mbeya Cement, part of the Lafarge group, has inaugurated a new bag filter to reduce stack emissions at its plant at Songwe, Tanzania. The initiative forms part of the company's efforts to improve its overall production process which will also see an increase in capacity. The filter reduces stack emissions to 10mg/nm3, lower than the 2013 Tanzania Environmental Regulations of 50mg/nm3 and in line with Lafarge Industrial targets. Speaking at the inauguration last Friday, Catherin... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |