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Dangote’s ambitions push it to control Sephaku CementNigerian industrial giant, Dangote Industries has given notice it aims to become the largest cement producer in Africa by 2014. Dangote will increase its equity stake in Sephaku Cement from 19.76 ...News - 05 October 2010 |
Citadel cement unit ANCC signs US$193m loanASEC, the cement-making unit of Cairo-based Citadel Capital, has signed a EGP1.1bn (US$193.2m) loan to finance the construction of a new cement works. The nine-year loan will cover about 52% of ...News - 04 October 2010 |
PPC sales drop significantly, South AfricaPretoria Portland Cement (PPC), SA’s largest cement producer, said yesterday that its sales had decreased significantly since 2007, but that energy and mining projects in Africa would help to lift...News - 24 September 2010 |
FLSmidth to achieve BBBEE status in South AfricaFLSmidth has signed an agreement to acquire the majority ownership of Roymec (Pty) Limited, located north of Johannesburg, South Africa. Roymec is an accredited contributor under South Africa’s Br...News - 20 September 2010 |
Botswana cement sales declining - PPCSouth African cement producer PPC reported on Wednesday that its sales volumes in South Africa and Botswana were still declining, but at a slower rate than had been the case earlier in 2010, with ...News - 13 September 2010 |
Nigeria Approves US$14bn Dangote Cement ListingNigeria’s stock exchange approved a NGN22.09trn (US$14bn) listing of Dangote Cement, the nation’s biggest producer of the building material, which will increase the bourse’s market capitalisation ...News - 10 September 2010 |
USA: cement sector no longer at rock bottomThe cement industry is nothing if not cyclical. US consumption this year could be barely 50 per cent of its 2007 peak of 113Mt, with similar percentage declines in Spain, Eastern Europe and Russia...News - 09 September 2010 |
Binani Cement: seeking to buy overseas companyBinani Cement Ltd is looking to acquire a cement company overseas to expand its existing portfolio of overseas manufacturing facilities, a senior company executive said in a recent interview. "We...News - 08 September 2010 |
Ohorongo signs gypsum supply agreement, NamibiaA local mining company will supply gypsum, which is mined in the Erongo Region, to the Ohorongo cement plant outside Otavi, and a delivery agreement has been signed already. Ohorongo Cement and l...News - 08 September 2010 |
Retrenchment planned at Lafarge Cement, South AfricaLafarge Cement plans to lay off more than 13 per cent of its employees in Lichtenburg, North West, trade union Solidarity said on Wednesday. It received a Section 189 notice on Tuesday, in which ...News - 02 September 2010 |