Cement News tagged under: Zambia
Lafarge Zambia appoints new CEO06 March 2019, Published under Cement NewsLafarge Zambia (LafargeHolcim group) has appointed Jimmy Khan as its new Chief Executive Officer. Board Chairman, Muna Hantuba, stated Mr Khan's appointment is with immediate effect. "Mr Khan holds a Bachelor of Science in Business with a major in Accounting and Information System from Virginia Tech University in the United States of America. His career with Lafarge spans 14 years, with his previous roles within the group having included Country Business Process Manager, Audit Manager and H... |
BBMG and Tangshan Jidong resume US$290m Zambia plant27 November 2018, Published under Cement NewsBBMG Corp and Tangshan Jidong Cement recently resumed work on the development of a 1.28Mta cement plant in Zambia. They will build the waste heat recovery unit and the first clinker production line. The preheater, kiln and clinker store are ready. Up to 60 per cent of the US$290m investment will be secured from Bank of China, the IFC and South-Africa based Nedbank Ltd. Around 20 per cent of the project capital has been invested by the project owners, Tangshan Jidong Cement will raise the r... |
Dangote Zambia sees surge in cement sales09 November 2018, Published under Cement NewsDangote Cement Zambia Ltd has reported a 40.9 per cent rise in sales to 768,000t of cement in the first nine months of 2018 supported by an increase in demand for housing and infrastructure. “We remain positive about the future as a business because of the increased cement demand from construction sector. We have claimed over 40 percent of the market simply because it is a preferred brand,” said Albert Corcos, Dangote’s CEO for east and southern Africa. |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Central African Cement Ltd established to build 5000tpd plant in Zambia08 August 2018, Published under Cement NewsZCCM-Investment Holdings has announced that it has signed a shareholders' agreement with China Machinery Construction Group Ltd, also known as SinoConst, for the development of a cement plant. The joint venture project, called Central African Cement Ltd (CAC), will see ZCCM-IH holding 35 per cent of the shares in CAC, while SinoConst will hold the remaining 65 per cent. The project have a cement production capacity of 5000tpd and will use two 20MW captive coal-fired power plants. The detai... |
Zambia starts work on new 1Mta cement plant30 July 2018, Published under Cement NewsZambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will be undertaken in two phases, creating over 400 direct jobs and a further 2500 jobs for Zambians once fully operational. "The first phase which is being commissioned today has a total investment of US$200m and consists of 1Mt cement production line per year, a 60m pan brick production line, a 200,000Mm 3 of pr... |
Zambezi Portland Cement is returned to Ventriglia family25 May 2018, Published under Cement NewsZambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement after the High Court of Zambia awarded full ownership of the company to the Ventriglia family of Italy on Monday. The outcome follows a decade-long court battle between the Ventriglia family and Rajan Mahtani who had claimed that he owned a 58 per cent controlling stake in the business as payment for organising financing for the Ventriglia family years ago, but the Ventriglia family insisted... |
Zambia pushes on with cement growth16 April 2018, Published under Cement NewsZambia is currently seeing one of the most rapid growth rates in investment in cement capacity on the African continent. While the country has a cement demand of around 1.8Mta and a population of 15.9m, the build-up of its 3.6Mta cement production base may not only be due to positive domestic construction forecasts. Additional drivers are likely to be found across its borders. This week has seen the announcement of yet another new 1Mta cement plant in Chilanga to be created by Weye ... |
Zambia pushes on with cement growth13 April 2018, Published under Cement NewsZambia is currently seeing one of the most rapid growth rates in investment in cement capacity on the African continent. While the country has a cement demand of around 1.8Mta and a population of 15.9m, the build-up of its 3.6Mta cement production base may not only be due to positive domestic construction forecasts. Additional drivers are likely to be found across its borders. This week has seen the announcement of yet another new 1Mta cement plant in Chilanga to be created by Weye Const... |
Zambia to receive new 1Mta cement plant10 April 2018, Published under Cement NewsWeye Construction Materials Ltd (WCM) plans to establish cement and quarry in Chilanga district, Zambia, at a cost of US$45m. The new plant will have a cement capacity of 1Mta, while teh limestone quarry is expected to have a lifespan of more than 20 years, according to an environmental impact assessment (EIA) report submitted to Zambia Environmental Management Agency (ZEMA) by WCM. WCM is ready to implement the proposed project as soon as all the approval requirements are met with ZEMA an... |