Cement News tagged under: Africa

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A new focus for HeidelbergCement

18 September 2020, Published under Cement News

HeidelbergCement's 2020 Capital Markets Day – 'Beyond 2020' set out many ambitious forward targets for the global building materials company as it looks to strengthen its core portfolio and embrace the megatrends of increasing urbanisation, digitalisation and a shift towards a low-carbon future. In a bold move, it has brought forward some of its key targets for carbon reduction by five years. A simplified organisational structure will also see one global function per board member. 

 'Beyo...

Livetouch Cement breached local labour laws in Zimbabwe

16 September 2020, Published under Cement News

Zimbabwian-based Livetouch Cement was found in breach of local labour laws after failing to register its workers with the National Social Security Authority (NSSA). It was only revealed that the Chinese cement manufacturer had broken the law after the death of a worker in March this year. According to NSSA, the death of an unidentified employee at the cement manufacturing plant exposed how the company had not registered any of its employees with the Workers Compensation Insurance Fund (WCIF...

Gypsum availability and dollar prices impact Dangote Zambia's production costs

09 September 2020, Published under Cement News

Dangote Cement Zambia Ltd (DCZL) says the closure of Chambeshi Metals has deprived the company gypsum for cement manufacture. DCZL CFO, Bright Tembo, also said the depreciation of the kwacha has impacted on costs of imported materials. "The closure of Chambeshi Metals has deprived DCZL of a reasonably priced Gypsum…We have local suppliers who are quoting in dollars and demanding payment in dollars. The depreciation of the kwacha has severely impacted on our costs of imported raw materials,"...

PPC and subsidiaries record double-digit growth in July

20 August 2020, Published under Cement News

PPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe and Rwanda and the growth of sales volumes during July has been positive in the DRC as well," PPC said. "The increased sales volumes and the effect of the cost reduction and cash preservation measures have resulted in cash flows for the last months showing a positive trajectory." Double-digit YoY growth of cement...

Egyptian cement demand has fallen 20% since May

19 August 2020, Published under Cement News

Since Egypt's Ministry of Local Development (MLD) suspended building licences for six months in the governorates of Greater Cairo (Cairo-Giza-Qalyubia), Alexandria, and provincial capitals and major cities with high population densities in May, cement demand has dropped by 20 per cent. Ahmed Al-Zaini, Chairman of the Building Materials Division, Federation of Egyptian Chambers of Commerce (FEDCOC), confirmed that the cement sector had seen a 20 per cent depression in demand over the summer....

Nigeria in focus

07 August 2020, Published under Cement News

Nigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financial constraints arising from COVID-19 and general apathy for cement demand. Nigeria has been at the head of the queue to see African cement demand recovering with BUA Cement and Dangote cement reporting an upturn in 1H20 sales, while exports have begun for Dangote. BUA Cement's 1H20 results saw a robust 12.7 per cent ...

InterCement: today and beyond

05 August 2020, Published under Cement News

Brazilian cement major InterCement has built up a substantial international industry portfolio. In light of the latest global developments, Flavio Aidar, CEO of InterCement, shares an insight into the company’s recent performance, including the impact of COVID-19 on operations, updates on its activities in South America and Africa, and future goals. Flavio Aidar, CEO of InterCement ICR: COVID-19 is now a huge challenge facing the world. Are you and your team safe and well? ...

Vicat's 1H20 results see consolidated sales of EUR1.3bn

31 July 2020, Published under Cement News

Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a...

Dangote's 1H20 results see 2% revenue growth

27 July 2020, Published under Cement News

Dangote 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 ...

Dal Engineering wins north African ball mill order

21 July 2020, Published under Cement News

Dal Engineering has won an EPC contract to supply a new grinding plant in north Africa. DAL Engineering has signed a contract to supply a ball mill measuring 3m x10m for the project, which was shipped on 19 June 2020.