Cement News tagged under: Africa

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COCMAG calls on Ghana's government to cancel imported clinker Fumigation Levy

21 January 2022, Published under Cement News

The Chamber of Cement Manufacturers, Ghana (COCMAG) said the Fumigation Levy charged on imported clinker is having serious financial toll on cement production companies in the country and pushing cement production costs up. The Executive Secretary of COCMAG, Reverend Dr George Dawson-Ahmoah, who expressed the concern in an interaction with the media, said the local cement manufacturers were working frantically to avert the high cost of production to help reduce or maintain the price of ...

Savannah Cement seeks KES40bn to fund new clinker plant

20 January 2022, Published under Cement News

Savannah Cement , Kenya, wants to raise KES39.7bn (US$350m) via a bond on the London Stock Exchange to build a clinker production plant. The firm has been relying on imported clinker to meet cement demand. Savannah Cement Chief Executive Samson Shivina said that the firm expects the plant to be completed by mid-2024. "This is entirely being financed by a bond on the London Stock Exchange because locally, we may not find banks who are going to finance such size of the project unless it...

Carthage Cement turnover rises by 29 per cent in 2021

20 January 2022, Published under Cement News

Carthage Cement , Tunisia, finished 2021 with a total turnover of TND325m (US$112.9m), up 29 per cent compared to 2020 and 30 per cent compared to 2019. This performance helped Carthage Cement to keep its leading position on the local market by achieving a 14 per cent rise in the local market share of revenues compared to 2020. A strong recovery was also recorded for exports of cement and clinker, where the turnover was quadrupled from TND8.936m in 2020 to TND47.650m in 2021, a 4...

Hima Cement suspends operation after fire kills three

17 January 2022, Published under Cement News

Operations at the Hima Cement factory (Holcim group) in Kasese district in western Uganda have been suspended following a fire that broke out at the premises on Saturday afternoon and left three staff members dead. Eight others were rushed to hospital in critical condition. "Our operations at the Hima plant have been stopped as we take stock of this incident and to ensure that the fire is fully contained. The health and safety of our employees and all stakeholders remains our number one p...

Savannah Cement has overcome its clinker shortage difficulties

07 January 2022, Published under Cement News

Savannah Cement managers have denied that the company is facing financial problems, saying a shortage of clinker had slowed down production for the Kenyan cement producer in the 3Q21.   In an exclusive interview with Nation Africa, Mr Shivina said the company is financially stable. He said the company relies on imported clinker for cement production, but supply was disrupted in 2021 due to a shortage of vessels as the global economy suffered from a COVID-19-related supply chain backlog....

Ethiopian plants warned to fast-track outstanding deliveries

06 January 2022, Published under Cement News

Ethiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement.     According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials."   These factories, whic...

Natal Portland Cement secures five-year loan

27 December 2021, Published under Cement News

As part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO  and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man...

Lafarge Cement Zimbabwe Ltd appoint new CEO

27 December 2021, Published under Cement News

Lafarge Cement Zimbabwe Ltd (Holcim group) has appointed Mr Geoffrey Ndugwa as the new CEO. Prior to his appointment, Mr Ndugwa was the CEO of Lafarge Malawi between December 2019-November 2021. He has 17 years of cement industry experience working in various capacities across Africa, including Director for Bamburi Group in Kenya, General Manager of Innovation and Marketing for Lafarge WAPCO Nigeria Plc, General Manager of Bamburi Special Projects Ltd in Kenya, Head of Business Support at...

Cameroon minister accuses cement producers of price-fixing

13 December 2021, Published under Cement News

In a correspondence sent to the managing directors of various cement producing firms on 9 December 2021, Minister of Commerce, Luc Magloire Mbarga Atangana, denounced an illegal agreement to increase the prices of the products. "It has come to my attention, through written communications of which I have copies, that ypu unnanmously and unilaterally decidd to increase your sales prices  by XAF500 (US$0.86) and 300 per cent depending on the type of cement," the government official wrote. T...

Lafarge Zambia to revert name to Chilanga Cement

13 December 2021, Published under Cement News

Lafarge Zambia (Holcim group) is set to change its name and revert to ‘Chilanga Cement Plc’ following a share sale and purchase agreement signed and executed with Huaxin (Hainan) Investment Co Ltd. Lafarge Zambia Plc has also announced the appointment of its new director of the board and chief executive officer, Chai Jianping.