Cement News tagged under: East Africa
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... |
Ethiopia introduces new cement price regulation19 September 2022, Published under Cement NewsEthiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested were too high, prompting the ministry to establish a task force to study the production process and ... |
Lafarge Cement Zimbabwe's new mill to be operational by year end16 September 2022, Published under Cement NewsLafarge Cement Zimbabwe Ltd ( Fossil Mines Pvt Ltd ) said it will continue to increase production of its products to meet the demands associated with the growth of the economy, with the targets set in the National Development Strategy 1 usefully giving a strong estimate of the size of the local market each year. This follows approved an initial US$25m investment that will go towards increasing cement and agricultural lime capacity and an automated dry mortar plant for the local company Laf... |
East African Portland Cement sells land plots to squatters31 August 2022, Published under Cement NewsEast African Portland Cement (EAPCC) has started a process of selling land parcels to squatters who have been living on its Athi River property. The cement maker has made an offer to the squatters to pay KES100,000 (US$832.6) for a beacon certificate and another KES500,000 within a year to purchase a plot of land measuring 40ft by 80ft (12 x 24m). The cash-strapped firm has commenced the land sale and regularisation process of three parcels measuring 709 acres (287ha). The EAPCC’s sale ... |
Bamburi Cement posts 88% drop in 1H profits29 August 2022, Published under Cement NewsKenya-based Bamburi Cement Ltd reported a profit of KES95m (US$0.79m) for the January-June 2022 period, 87.7 per cent down from KES776m in the 1H21. However, the group posted a revenue of KES20.1bn, up 2.6 per cent YoY from KES19.6bn in the 1H21. The company has attributed the decrease to high operational costs with operating profit in the 1H22 almost five times lower at KES210m when compared with KES1.17bn in the 1H21. “The Group’s earnings were significantly hit by a jump in direct pr... |
Ethiopian investor plans US$1bn cement plant24 August 2022, Published under Cement NewsWorku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested to lease 150ha of land for the construction of the plant, which is located around Dejene town, Amhara National Regional State, 230km away from the capital. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection and commissioning of the plant. “We hav... |
Devki Group plans 60MW wind energy plant24 August 2022, Published under Cement NewsKenya's Devki Group ( National Cement ) plans to develop a wind power plant in Kenya to try and mitigate electricity costs . The cement, steel and power group said in a disclosure to the National Environment Management Authority that it plans to develop a 60MW plant in Samburu, Kwale County which is in Kinango Sub County. The power generated will be used for the firm’s own consumption in its Devki Samburu plant in Kwale County. The power will help to reduce the cost of running its p... |
Burundi to allow cement imports19 August 2022, Published under Cement NewsThe Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production capacity has created a black market with prices that have been steadily rising. Buceco Cement has been seeking a review of cement prices since 2021 due to soaring raw materials and transport costs. The company now wants to increase prices by BIF3000 (US$1.46)/bag. According to Farmers Review Africa, the official ce... |
EAPCC sees start kiln shell replacement03 August 2022, Published under Cement NewsEast African Portland Cement Co (EAPCC) has started the replacement of the kiln shell at its Athi River plant in Kenya. The burning zone of the kiln has been damaged for some time and has led to cement shortages in the market. Due to the high costs of energy and an old clinker line, the board has prioritised efficiency and reliability of our integrated plant operations to drive cost optimisation,” said Oliver Kirubai, the company’s managing director. The 54m-long kiln will see the re... |
MSG Group signs Berbera plant deal with Bedeschi01 July 2022, Published under Cement NewsMSG Group of Companies through its Dubai based subsidiary company, Horn Holding Group Ltd (HHG), has signed an agreement with Bedeschi SPA for the construction of phase 1 of an integrated cement plant in Berbera, Somaliland. The plant will take about 18 months to construct with installed cement capacity of 700,000tpa. The entire plant project will take three years to complete with a production capacity of 3300tpd of cement and 3000tpd of clinker. The Phase 1 of the project is expect... |