Cement News tagged under: Africa
InterCement: today and beyond05 August 2020, Published under Cement NewsBrazilian 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 EUR1.3bn31 July 2020, Published under Cement NewsVicat 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 growth27 July 2020, Published under Cement NewsDangote 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 order21 July 2020, Published under Cement NewsDal 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. |
Egyptian cement exports decline by 32% Jan-May 202002 July 2020, Published under Cement NewsEgyptian cement exports declined by roughly 32 per cent during the first five months of 2020 to US$47m, compared to US$68m during the same period in 2019. Egypt exported cement in the 5M20 to about 51 countries, including 18 countries who had not imported Egyptian cement in the same quarter in 2019, reports Egypt Today. |
African cement escapes the pandemic; structural issues remain05 June 2020, Published under Cement NewsCemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika SA, covered several areas of concern from the impact of the COVID-19 pandemic on economies and cement demand to overcapacity and competition issues, while also providing a long-term outlook for the continent. Thomas Armstrong, Managing Editor of International Cement Review, opened the webinar with an overview of the ... |
Lafarge Africa sees net profit rise 157% in 1Q2020 May 2020, Published under Cement NewsLafarge Africa has reported a 9.8 per cent increase in net sales to NGN63.97bn (US$178.93m) in its unaudited results for the first quarter of 2020, compared to NGN58.02bn in the year-ago period. Net profit surged 156.5 per cent YoY to NGN8.07bn from NGN3.15bn in the 1Q19. "I am proud of the plan Lafarge Africa has implemented to protect the health of our people while supporting our partners and communities. The first quarter results confirm that our turn around initiatives are effective a... |
Pandemic to seriously affect global cement trade08 May 2020, Published under Cement NewsAt Cemtech's live webinar on the 'seaborne trade of cement and clinker' this week, Ad Ligthart of Cement Distribution Consultants, gave a sobering outlook on global trade in response to COVID-19 and the many government lockdowns that have been implemented worldwide. "Seaborne trade of cement and clinker will be seriously affected," said Mr Ligthart, adding: "There will be a global reduction in cement consumption and the result of that for seaborne trade and distribution is that the drop w... |
Lafarge Africa provides NGN500m intervention fund to alleviate COVID-19 challenges07 May 2020, Published under Cement NewsIn response to the COVID-19 pandemic, Lafarge Africa (LafargeHolcim group) has deployed a NGN500m (US$1.28m) intervention fund to provide medical infrastructure, food and essential medications to its host communities. During the first phase of the intervention launched on the 6 April 2020, the company converted two of its facilities in Sagamu and Ashaka to be used as isolation centres, and also provided infrastructure support such as generators, ambulances and critical personal protection ... |
Dal Machinery & Design deliver three kiln shells to Twiga Cement06 May 2020, Published under Cement NewsDal Machinery & Design (Dal Engineering Group) has delivered three rotary kiln shells for Tanzania Portland Cement Public Ltd (Twiga), Tanzania. The kiln shells were manufactured with a diameter of 3.95m and were delivered to the HeidelbergCement subsidiary on 23 April 2020. Lorries take the kiln parts on the first part of their journey One of the kiln shell sections leaves Dal Machinery & Design, headed for Tanzania |