Cement News tagged under: West Africa
Mali's path to cement self-sufficiency16 February 2024, Published under Cement NewsSet on expansion in west Africa, CIMAF announced this week that it had laid the foundation stone for its new grinding plant in Mali. Other cement producers have also targeted Mali, which saw cement shortages in 2021 but now has a crop of new cement plants under construction. The sudden surge in Mali's cement plant projects is happening despite the challenges of political unrest in the country. There were two coups d’étât in 2020 and 2021, while Al Qaeda is still active in the country and ... |
Cement prices surge in Enugu, Nigeria16 February 2024, Published under Cement NewsThe price of cement has hit NGN13,000/bag (US$8.57) in Enugu, Nigeria, compared to around NGN5000/bag in January this year. According to Blueprint Newspapers, while Dangote Cement is selling for approximately NGN10,500/bag, brands such as Supaset and BUA have increased their prices to NGN12,000/bag and NGN13,000/bag respectively. Some commentators have said the price increase is due to exchange rates with the US dollar, while fears have been raised throughout the construction industr... |
CIMAF lays foundation stone for Mali plant13 February 2024, Published under Cement NewsCIMAF laid the foundation stone for its new Mali factory on 9 February 2024 in Natien, a commune located in the Sikasso region. The Minister of Industry and Trade, Moussa Alassane, was present at the ceremony. This new unit will have a production capacity of 1Mta of cement, expandable to 2Mta, and will It generate at least 300 direct jobs and 2000 indirect jobs. The completion date has been set at 23 months, with a start-up date of February 2026. |
Ghana introduces new cement regulation06 February 2024, Published under Cement NewsGhana has introduced a new regulation designed to protect both the quality and safety of cement products in the country, According to BNN, The Ghana Standards Authority (Manufacture of Cement) Regulation, 2023 (L.I. 2480) follows concerns raised by players in the country’s construction industry regarding the quality of cement and its impact on the durability and safety of structures. The regulation not only makes it mandatory for anyone thinking of manufacturing cement to obtain a lic... |
Nigerian cement prices rise by 30%05 February 2024, Published under Cement NewsCement prices in Nigeria have risen by 30 per cent in the last few days, reaching NGN6500 (US$5.44)/bag in some regions, reports The Guardian. The ripple effect across other building materials is already being seen with sandcrete blocks going up in price from NGN450 to NGN500 for a six inch block, while nine-inch blocks have increased from NGN550 to NGN600/block. The price of ready-mixed concrete has also risen, causing some constriction projects to come to a standstill. A number of de... |
Dangote Cement attracts substantial investment24 January 2024, Published under Cement NewsDangote Cement has become the first company to be valued at NGN10trn (US$11.76bn) on the Nigerian stock market. The company’s share price advanced by 9.99 per cent on 22 January 2024 to close at NGN592.60 per share, giving the company a market value of NGN10.1trn. The news follows an NGN6bn investment in Dangote Cement by Femi Otedola, a Lagos-based billionaire. Mr Otedola told Nigerian media that the move was part of his overall strategy to ensure long-term wealth preservation and und... |
Bedeschi wins order for four complete storage lines23 January 2024, Published under Cement NewsA China-based EPC company has appointed Bedeschi to supply four complete storage lines for a Nigerian cement producer. Through the intense activity of the office Bedeschi Far East in Hong Kong, Bedeschi finalised the supply of 18 machines in the following storage systems: • two lines for handling wet and sticky limestone and shale, including trippers, bridge stackers and bridge bucket reclaimers • one line for handling laterite, including a tripper, a travelling stacker and a side b... |
Sococim Industries prepares for Kiln No 6 expansion03 January 2024, Published under Cement NewsSococim Industries of Senegal ( Vicat group ) has announced its expansion project with the doubling of production capacity with the Kiln No 6 project in order to support the evolution of the market. According to Deputy Director General, Matar Drop, “this project represents a concrete and ambitious commitment to meet the current high demand while integrating environmental concerns.” In March 2023 , Fives of France announced that it would be supplying a new burner and reducing NO x emi... |
BUA's Sokoto Line 5 begins production20 December 2023, Published under Cement NewsProduction has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but also bring down cement prices in Nigeria. In October this year BUA lowered its ex-factory cement price to NGN3500 (US$4.55)/bag, with the company announcing plans to review its prices even further in the opening quarter of 2024, reports The Capital. The new line at Sokoto takes BUA’s total cement production capacity c... |
A new era for Nigeria05 December 2023, Published under Cement NewsNigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues to add additional capacity in view of long-term market potential, but a number of stumbling blocks need to be overcome before latent demand is realised. By Moses Waireri Njuguna, EFG Hermes, Nigeria. The inauguration of Nigeria’s new president is heralded as a new era for Nigeria as the country aims to address... |