Cement News tagged under: Ghana
Dzata Cement set to begin operations at 1.2Mta plant12 May 2021, Published under Cement NewsGhana-based Dzata Cement is expected to begin cement production next month at its facility in Tema. Representing an investment of more than US$100m, the plant is expected to produce 1.2Mta in its first phase. "What I can say is that we are bringing the highest quality of cement into the market and with the expectation that it will stabilise the supply and pricing as well," said Philip Archer, managing director. "The first phase which we are seeing will be giving us more than 1Mt per year... |
Bedeschi to equip Port of Takoradi with shipunloading technology19 April 2021, Published under Cement NewsBedeschi has been awarded a major contract in Ghana. The scope of works include the design, procurement, manufacturing, supply, construction, supervision to installation, testing and commissioning and staff training for the cargo handling equipment in the Port of Takoradi. The scope of the project is the supply of handling equipment and services for bauxite and manganese in export and clinker in import. Bedeschi will supply five conveyor belts for a total average length of 3km, two shiplo... |
Cement prices rise in Ghana29 March 2021, Published under Cement NewsCement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins. |
Ghana reports cement price increase09 March 2021, Published under Cement NewsGhana has reported a small rise in cement prices due to an increase in the cost of imported clinker in recent days. A bag of cement which was earlier sold for GHS38 (US$6.62) is now being sold for GHS41, according to GhanaWeb. "There has been a price hike because of certain challenges which industry players are facing while importing the major raw material called clinker which is used to produce cement. We don’t have it here and it is a very small quantity that we are able to get locally,"... |
Lafarge Africa to sell 35% stake in Ghana operations25 January 2021, Published under Cement NewsFollowing an emergency meeting of its Board of Directors, LafargeHolcim-owned Lafarge Africa Plc reached an agreement to offload its 35 per cent holding in Ghana-based Continental Blue Investment after years of loss-making. The step is the second major divestment in less than two years after Lafarge Africa’s US$316m sale of its South African subsidiary in July 2019. Proceeds of this deal went to settling Lafarge Africa’s debt to Caricement BV in a debt-to-equity swap, improving the company... |
Supacem opens doors to Ghana's armed forces07 October 2020, Published under Cement NewsGhana's armed forces have been given a special a tour of the Supacem cement factory in Tema, Ghana. The army was visiting the facility after the cement company donated 850 bags of cement to the armed forced earlier this year. Supacem (LafargeHolcim) has donated 2400 bags of cement to security institutions in the country as part of its corporate social responsibility. The institutions include Ghana's Armed Forces, Ghana's Police Training School and Ghana's Prison Service at the Awutu Breku p... |
Empire Cement Packaging plans affordable cement for Ghanaians30 September 2020, Published under Cement NewsEmpire Cement Packaging Ltd has acquired 18.74 acres of land in Weija, Ghana, to establish the company under the One District One Factory initiative. The company has reiterated that it has a comprehensive plan to operate without affecting or disturbing other companies such as the Panbrose Salt Company. Empire Cement Packaging Ltd aims to deliver affordable cement to Ghanaians. The 1Mta factory will cost approximately US$500m and is being developed in partnership with Obokom Civil Engineerin... |
Ghana sees 4% drop in sales in 1Q2001 September 2020, Published under Cement NewsTotal cement sales in Ghana have fallen 3.9 per cent YoY in the first quarter of 2020. The 1Q volume in 2020 reached 814,979t, when compared with 848,259t in the 1Q19. The drop in cement sales has been attributed by the Bank of Ghana due to a slowdown in construction activity due to the coronavirus pandemic. Cement prices in Ghana have been affected by the sharp fluctuations int he Ghanaian cedi in comparison with the US dollar. |
Dangote's 1H20 results see 2% revenue growth27 July 2020, Published under Cement NewsDangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said: "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ... |
Ghana’s cement producers not benefitting from power relief18 June 2020, Published under Cement NewsFollowing Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies located within the Tema Free Zone enclave say they have been denied such government support, considerably affecting their business. The affected parties, including CIMAF Ghana Ltd, have only received a rebate of 22 per cent of April invoice values, instead of 50 per cent. Speaking to the media, Rev Dr George Dawson... |