Cement News tagged under: East Africa
CIMERWA posts end of year revenue of RWF92.1bn07 December 2022, Published under Cement NewsCIMERWA Plc 's year-end financial results recorded revenue of RWF92.1bn (US$84.6m) in 2022, 37 per cent above the previous year. “This is mainly attributed to the optimisation of our production processes, cost savings initiatives and the effective execution of our route-to-market strategy for both our domestic and export markets,” said John Bugunya, CFO of CIMERWA Plc. “Our Profit Before Tax stood at RWF16.9bn, a significant improvement of 212 per cent compared to the prior year. ... |
Savannah Cement places order with Sinoma for new Kenyan plant02 December 2022, Published under Cement NewsSavannah Cement has placed an EPC order with Sinoma International Engineering for a new US$300m cement plant in Kenya. Sinoma will construct a clinker line with an output of 8000tpd, a cement grinding unit, and a packaging and forwarding system with an output of 100tph, as well as a supporting power station in Kitui, east of the capital Nairobi, reports Yicai Global. The company will provide a full range of services from engineering design, equipment procurement and supply, civil const... |
Bamburi Cement forecast to see 25% drop in earnings29 November 2022, Published under Cement NewsBamburi Cement is expected to post net earnings for FY2022 down by at least 25 per cent compared to FY21, according to Reuters News. The loss in earnings is being attributed to slowing demand for cement, rising energy costs and increasing raw material costs. |
Bamburi Cement celebrates eco-friendly certification21 November 2022, Published under Cement NewsBamburi Cement Kenya has secured an eco-friendly cement range certification for its four brands after achieving 30 per cent lower carbon dioxide (CO2). Speaking at the launch of the certification, Bamburi Cement Managing Director, Seddiq Hassani, called the accreditation a milestone for the company in establishing its efforts towards the global climate change obligations of net zero emissions. “At Bamburi, we will continue to pioneer carbon footprint reporting and transparency within ou... |
PPC posts 23% drop in EBITDA17 November 2022, Published under Cement NewsPPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six months ended 30 September 2022. Excluding PPC Zimbabwe, EBITDA fell 12 per cent YoY. Net debt continued to improve, coming in at ZAR677m on 30 September 2022, compared to ZAR1009m in March of this year. According to the company, shareholders should expect earnings per share (EPS) for the 2022 six-month period to “diff... |
Tanzania Portland Cement reports 9M profit up 6%02 November 2022, Published under Cement NewsTanzanian cement producer Tanzania Portland Cement PLC has posted a six per cent increase in pretax profit in the first nine months of the year as domestic and export cement demand has surged. Pretax profit increased by six per cent YoY to TZS110.53bn (US$47.4m) in the 9M22 from TZS94.82bn in the year-ago period. The company’s cement revenue rose by nine per cent YoY to TZS358.3bn, but the cost of sales of TZS226.2bn considerably impacted its net profit. “The high availability and effic... |
East African Portland Cement launches Green Triangle Cement02 November 2022, Published under Cement NewsEast African Portland Cement Plc (EAP) has launched a new product named Green Triangle Cement that is aimed at minimising the cement manufacturer’s carbon emissions. Green Triangle Cement has already received the go ahead from the Kenya Bureau of Standards under the strength standardisation category of 22.5 even though the company has boosted its strength to over 27 to enable its application in a wider variety of construction projects. The new product aims at providing an alternativ... |
Dangote revives plans to open Kenyan factories26 September 2022, Published under Cement NewsWhile attending the inauguration of Kenya’s fifth President Dr William Ruto, Aliko Dangote revealed that he wants to revive plans for two new cement plants for Dangote Group in Kenya. The two cement plants would have a combined capacity of 1.5Mta. Earlier in 2017, Aliko Dangote registered two companies, Dangote Cement and Dangote Quarries Kenya Ltd, in Kenya with operations in Nairobi and Mombasa. Dangote has 90 per cent share owership in these companies with 10 per cent held by local s... |
East African Portland Cement Co restarts plant after kiln shell upgrade26 September 2022, Published under Cement NewsEast African Portland Cement Company (EAPCC), part of Holcim, has restarted its 1.4Mta Athi River cement plant after replacement of a faulty kiln shell. According to the company,16m of damaged kiln shell has been replaced with a new section, at a cost of KES500m (US$4.12m). Oliver Kirubai, managing director of EAPCC, said that the upgrade is in line with the company’s recently-launched five-year strategic plan, which aims to put EAPCC back onto a profitable path. "We have already sta... |
Kenyan cement consumption grows by 18% in 1H2222 September 2022, Published under Cement NewsKenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, according to Kenya National Bureau of Statistics (KNBS). KNBS reports that 4.97Mt of cement were used in the six months from 4.06Mt consumed in a similar period last year. This was achieved despite a sharp rise in the retail price of a 50kg bag of cement which has risen by KES300 (US$2.48) since March on rising cost... |