Cement News tagged under: Africa

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National Cement starts supplying Rwandan market

02 November 2020, Published under Cement News

National Cement of Kenya has introduced its Simba brand into the Rwandan cement market having seen strong demand for infrastructure in the country, including a new airport in Bugesera.  The Kenyan producer is supplying cement importers from its recently-opened Nakuru plant, which is approximately 500km from the Rwandan border. "The Rwandan market is one of the fastest growing economies in Africa. Since the government of Rwanda is implementing and supporting several projects, the shor...

Cemex sees net sales rise to 3% to US$3.436bn in 3Q20

29 October 2020, Published under Cement News

Cemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m.     Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus...

Côte d’Ivoire: year of uncertainty

19 October 2020, Published under Cement News

With COVID-19 affecting economic activity throughout sub-Saharan Africa, the cement market in Côte d’Ivoire faces a particularly uncertain year as presidential elections and a political crisis add further factors of volatility to the sector. In addition, new plant projects provide extra capacity in an industry that is already subject to over-capacity. By Limak Holding, Turkey. The cement market of Côte d’Ivoire continues to provide some opportunities going forward, but overcapacity...

LafargeHolcim Maroc voted Top Performers for CSR

19 October 2020, Published under Cement News

LafargeHolcim Maroc was named Top Performers for Corporate Social Rrsponsibility (CSR) 2020 by Vigeo Eiris, the independent rating agency in the areas of environment, social and governance. Vigeo honoured LafargeHolcim Morocco for its performance in terms of environmental strategy and protection of biodiversity, continuous improvement of health and safety conditions at work, prevention of discrimination and promotion of gender equality, and also its contribution to the socio-economic d...

Lafarge Africa looks to scale-up Nigeria's road infrastructure

14 October 2020, Published under Cement News

LafargeHolcim Africa hosted a webinar on approaches to rapidly upscaling Nigeria's Economic Infrastructure, yesterday. Nigeria’s Honourable Minister of Works & Housing Guest of honour, Babatunde Fashola, led the discussions emphasising that the government is committed to renew, review and increase Nigeria’s infrastructure. Babatunde Fashola argued that Nigeria stopped investing in infrastructure in the 1970s and that it must get back to investing something similar today by investing a s...

Redecam completes Lichtenburg ESP-to-baghouse conversions

05 October 2020, Published under Cement News

Redecam Group SpA has successfully completed its civil, mechanical and electrical turnkey project at  LafargeHolcim  South Africa's Lichtenburg plant. Redecam has converted the existing kiln and raw mill No 2 electrostatic precipitators (ESPs) into bag filters, with new outlet and two new exhaust fans. 

Lafarge Cement Zimbabwe to open dry mortar mix plant in 2H20

02 October 2020, Published under Cement News

Lafarge Cement Zimbabwe is set to complete the installation of a US$2.2m dry mortar mix (DMX) plant during the second half of this year. The project is part of LafargeHolcim Group's US$25m recapitalisation of its Zimbabwean subsidiary, which was announced last year. "Currently, the DMX plant is being installed and is set to be completed in the 2H20, while the vertical cement mill supply contract was signed in August 2020," said the group's chairman, Kumbirai Kat. Lafarge has ...

Qalaa Holdings achieves 105% YoY growth in 2Q20

01 October 2020, Published under Cement News

Qalaa Holdings has reported its consolidated financial results for the quarter ended 30 June 2020, with revenues of EGP7.4bn (US$470m), up 105 per cent YoY. " Qalaa’s performance was anchored by a recovering cement market in Sudan and an optimised pricing strategy by Al Takamol, which played a key role in offsetting the impacts of Egypt's underperforming cement market," said Qalaa Holdings' Chairman and Founder, Ahmed Heikal.

Empire Cement Packaging plans affordable cement for Ghanaians

30 September 2020, Published under Cement News

Empire Cement Packaging Ltd has acquired 18.74 acres of land in Weija, Ghana, to establish the company under the One District One Factory initiative. The company has reiterated that it has a comprehensive plan to operate without affecting or disturbing other companies such as the Panbrose Salt Company. Empire Cement Packaging Ltd aims to deliver affordable cement to Ghanaians. The 1Mta factory will cost approximately US$500m and is being developed in partnership with Obokom Civil Engineerin...

PPC delays FY20 earnings results

30 September 2020, Published under Cement News

PPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do...