Cement News tagged under: Africa

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Lafarge Zimbabwe sells majority stake in its operations

08 June 2022, Published under Cement News

Lafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its business. This is a further sale for Holcim following recent divestments decisions taken in India for ACC Ltd and Ambuja Cements. The Manresa cement plant has a cement capacity of 0.45Mta and employees 800 people directly.  There is currently a 0.5Mta expansion project being constructed at the plant.

Sinai Cement reduces 1Q loss

01 June 2022, Published under Cement News

Egypt-based Sinai Cement , owned by Vicat , has posted consolidated net losses after tax of EGP67.19m (US$3.6m) in the first quarter of 2022, an improvement when compared with the year-ago period when losses reached EGP147.97m. Standalone losses were reduced YoY to EGP66.25m from EGP146.23m. Revenues increased to EGP475.57m in the 1Q22 from EGP282.62m in the 1Q21, according to a bourse filing on 31 May.

Misr Beni Suef Cement sees profits surge to EGP48m in 1Q22

31 May 2022, Published under Cement News

Egypt-based Misr Beni Suef Cement reported net profits after tax of EGP47.65m (US$2.56m) in the 1Q of 2022, up from EGP37.42 in the 1Q21. The company’s revenues advanced to EGP436.38m in the 1Q22from EGP255.92m in the year-ago period, according to a bourse disclosure on 30 May 2022.

Kolos Cement launches 'Retourn to Plastik' campaign

23 May 2022, Published under Cement News

Kolos Cement in Mauritius  has launched its   'Retourn to Plastik' campaign in the presence of officers from the Ministry of Environment, Solid Waste Management and Climate Change. Kolos has launched the palletless system, a first in the Indian Ocean region in terms of packaging technology that will rethink its modes of operations and measure the impact of the company’s actions for sustainable change.   FLSmidth supported Kolos in the implementation and deployment of this innovat...

Redecam commissions Bamburi Cement baghouse

17 May 2022, Published under Cement News

Redecam has commissioned a new bag filter at Bamburi Cement  ( Holcim Group ), Mombasa , Kenya. The project required a turnkey solution to convert the main kiln and electrostatic precipitator for a new baghouse. The project had been scheduled for 2020 but had been delayed because of COVID-19. There were no loss-in-time accidents.

Votorantim Cimentos' see net revenue regional rises in Brazil and North America

13 May 2022, Published under Cement News

In Brazil Votorantim Cimentos ’ net revenue in the 1Q22 was BRL2.7bn (US$525.6m), a 21 per cent increase compared to 1Q21. Despite the instability of the local market, macroeconomic pressures and the strong basis for comparison with the same period last year, the increase in revenue was primarily due to the combination of higher sales volume and price.   Adjusted EBITDA in the quarter was BRL359m, down 40 per cent compared to March 2021 due to cost pressure caused by commodity prices, l...

Bamburi Cement full-year profit rises

03 May 2022, Published under Cement News

Bamburi Cement Group reported a pre-tax profit of KES2.2bn (US$19m) in 2021, representing a 22.3 per cent YoY increase from KES1.8bn in 2020. The advance comes on the back of improved volumes and prices coupled with cost management, and also reflects continued economic recovery from impact of the COVID-19 pandemic.  Group turnover increased by 19 per cent from KES34.9bn to KES41.4bn, attributed to growth in retail and key account segment in both Kenya and Uganda. Operating Profit rose b...

PPC Cement Zimbabwe announces solar investment

03 May 2022, Published under Cement News

PPC Cement Zimbabwe has announced a US$40m solar power investment for its Bulawayo and Colleen Bawn plants to support the company’s energy requirements and help reduce gas supply in the country.  The planned projects are expected to have a combined output of 30MW, ow which 17MW will be for internal consumption and the excess to be fed to the national grid, according to a report in the Chronicle. The Bulawayo facility will set up a 10MW plant (set to over over 22ha of land), with 5MW plan...

Cemex reports 1Q22 net sales increase of 13%

29 April 2022, Published under Cement News

Cemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains.   Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits...

AfriSam supplies N3 highway construction

13 April 2022, Published under Cement News

Work is proceeding apace on the N3, one of South Africa’s most vital arterial highways, between Durban and Pietermaritzburg. Road upgrades, including extensive bridge work, are being conducted by Raubex Construction between Dardanellas and Lynnfield Park with cement, aggregate and ready-mix supplied by AfriSam .     Since April 2021, JSE-listed Raubex Construction has been active on a 4km stretch from Dardanellas to Lynnfield Park. The project is a major overhaul of the road surface, wit...