Cement News tagged under: Africa

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Competition Tribunal grants approval for Afrimat's acquisition of Lafarge South Africa

11 April 2024, Published under Cement News

Afrimat has notified its shareholders that the Competition Tribunal has granted approval for the Lafarge South Africa ( Holcim ) acquisition. All other regulatory authority approvals have been granted. In a Stock Exchange News Service announcement, the CEO of Afrimat, Andries van Heerden, indicated that this exciting deal forms part of the Afrimat Group's ongoing diversification strategy. “It will increase Afrimat’s offering in the construction materials space, by expanding the group'...

Capex falls behind targets for PPC

04 April 2024, Published under Cement News

PPC has announced that its capital expenditure fell behind targets for the period ending March 2024. This was due to a delay in the company’s fly ash project in Zimbabwe, which was announced last November. Delays in accessing the power plant, which halted the design and commercial contract, were also a key factor. PPC stated that, “Capital expenditure for the group remains behind the guidance of ZAR600m [US$32.2m] for the full financial year mainly due to the delay of the fly ash projec...

BUA Cement records revenue growth of 27% in 2023

01 March 2024, Published under Cement News

BUA Cement reports its full year 2023 audited financial statements and accounts, posting a strong revenue growth of 27.4 per cent to NGN460bn (US$282m) compared to NGN361bn in 2022, resulting from an increasing market share. However, with the devaluation of the naira last June and its continued depreciation, as well as growing inflation, the company faced increasing price pressures which impacted production costs, as these increased by 39.5 per cent to NGN276bn (2022: NGN197.9bn). In ad...

CIMAF lays foundation stone for Mali plant

13 February 2024, Published under Cement News

CIMAF 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.

Ciments du Maroc appoints new Director General

05 February 2024, Published under Cement News

Severin Weig has been appointed Director General at Ciments du Maroc ( Heidelberg Materials Group ). Mr Weig is keen to get started on his new role at Ciments du Maroc and already has clear ideas on what needs to be achieved. "I am energised to work with a remarkable team in a captivating country," said Mr Weig. "Introducing evoBuild, our innovative suite of sustainable products, is at the top of the agenda!"

Arabian Cement subsidiary moves a step closer to gaining waste management approval

18 December 2023, Published under Cement News

Evolve, an Arabian Cement Co (ACC) subsidiary, has successfully conducted a public hearing session, marking the initial step in obtaining environmental approvals from the Ministerial State for Environmental Affairs Agency (EEAA) and Waste management Regulation Authority (WMRA) for waste management.   Evolve is the first alternative fuel company affiliated with an Egyptian cement company to secure these approvals, and the milestone was achieved through a comprehensive public hearing on ...

Bamburi Cement to cease producing OPC

13 December 2023, Published under Cement News

Bamburi Cement  ( Tororo Cement ) will cease production of ordinary Portland cement (OPC) within its product line from 1 January 2024, as part of the company’s commitment to decarbonise its operations and provide a greener option of building materials. This landmark commitment, which comes amid the ongoing 2023 United Nations Framework Convention on Climate Change (COP28) in the United Arab Emirates, will accelerate one of its 2030 sustainability targets to have 100 per cent green produc...

South Africa regulator recalls Econo Cement product

13 December 2023, Published under Cement News

South African company Econo Cement has been accused of having a 'sub-standard' product by the National Regulator for Compulsory Specifications (NRCS). The regulator has asked consumers and hardware stores to participate in a nationwide recall of Econo Cement's CEM V/A S-V 32.5 N product after investigations found it failed to meet the minimum requirements of prescribed strength.  CEO of the NRCS, Duncan Mutengwe, said the move was in the public interest to ensure the product does not pose...

Nova Cimangola prepares to launch LC3 production

05 December 2023, Published under Cement News

Nova Cimangola is close to opening its first LC3 project for low carbon cement production in Luanda, Angola. According to the company, Ecosolutions   carried out the studies and IPIAC guaranteed the technology. The project meets the intentions of the Government of Angola and aims to produce environmentally friendly cement or green cement, which incorporates a greater quantity of calcined clay, requires a smaller energy and water consumption, and contributes to the longer conservation of...

PPC sells Cimwera to National Cement Holding Ltd for US$42.5m

20 November 2023, Published under Cement News

PPC Ltd has completed the sale of its 51 per cent stake in Rwandan cement producer Cimerwa to National Cement Holding Ltd for a cash consideration of US$42.5m. The deal is a significant step in PPC's strategic shift to focus on its southern African operations and improve its financial leverage. The share transfer is set to take place seven business days after the necessary conditions are met, including notifications and clearances from the Common Market for eastern and southern Africa (...