Cement News tagged under: Africa
Fears Ghana's cement price will climb above GHS60/bag02 September 2021, Published under Cement NewsGhana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level. Raw material prices continue to rise and the scarc... |
AfriSam innovates its products to respond to climate change01 September 2021, Published under Cement NewsAfriSam is ensuring its cements are fit for purpose while reducing its environmental footprint and responding to climate change in South Africa. The drive for quality is closely linked to being fit-for-purpose, says Richard Tomes, sales and marketing executive at construction materials leader AfriSam, by ensuring that a range of cements is available for defined applications. Therefore, AfriSam has contributed to water savings by developing cements that consume less water when mixed ... |
Votorantim Cimentos sees regional sales pick-up in 2Q2112 August 2021, Published under Cement NewsVotorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same period last year. In Brazil Votorantim Cimentos recorded a net revenue of BRL2565m (US$494.2m) in the 2Q21, up 46 per cent from BRL1760 in the 2Q20. Adjusted EBITDA grew by 167 per cent in 2Q21 in Brazil at BRL659m compared to BRL247m in the 2Q20. "Brazil has seen 30 per cent increase in cement demand YoY,” said Osvald... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |
AfriSam wins Roadstab cement road stabilisation order06 July 2021, Published under Cement NewsAfriSam's specialised Roadstab cement is creating a safer and wider R67/5 road between Queenstown and Whittlesea in the Eastern Cape, South Africa. The Raubex Construction and Roadmac Surfacing Cape Joint Venture (RBX / RMSC JV) project will consume around 180,000 bags of AfriSam Roadstab cement. The project’s stabilisation design requires a three per cent portion of AfriSam Roadstab cement in the G4 sub-base. The 150mm base layer is of G1 imported crushed stone, compacted to 88 per c... |
Financial restructuring positions PCC for long-term recovery25 June 2021, Published under Cement NewsCompetent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ... |
Mozambique's cement price drop down to economics22 June 2021, Published under Cement NewsThe fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters. "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican people. We have been saying, with regard to cement and to other industries, that we have to assess th... |
Ghana cement plant construction could be halted by injunction14 June 2021, Published under Cement NewsPresident of the McCarthy Hill Residents Association, Eddie Quaynor, has disclosed the association will take out an injunction to stop the new construction of the new Empire cement factory in South McCarthy Hill, Ghana, if authorities do not ensure its closure. The McCarthy Hill Residents Association recently held a press conference to protest against the location of a cement factory at South McCarthy Hill along the main road leading to Weija. Mr Quaynor informed that several petition... |
CIMAF intent on west African expansion11 June 2021, Published under Cement NewsWest Africa has been enjoying a period of high demand growth over the last decade, and this has been accompanied by the largely unrestrained construction of grinding plants along the coastal markets between Senegal to Nigeria. The region's cement industry has been transformed and is evolving to be highly competitive. With limited limestone, clinker imports have served the flourishing sector, but establishing clinker capacity offers a crucial competitive advantage. One company and a major f... |
Zambian cement prices remain high19 May 2021, Published under Cement NewsThe prices of different brands of cement in Zambia are still ranging between ZMW135-145 (US$6-6.45) for a 50kg bag, over a month after Competition and Consumer Protection Commission (CCPC) directed that prices should be reduced to ZMW110. Last month, CCPC fined Lafarge Zambia Plc and Mpande Limestone Ltd for price fixing with the two cement manufacturing entities expected to each pay 20 per cent of their 2019 and 2020 turnovers while reverting to pre-cartel prices ranging between US$4.50-... |