Cement News tagged under: Africa
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 |
Qalaa Holdings records revenues of EGP14.9bn in FY201905 May 2020, Published under Cement NewsQalaa Holdings of Egypt has reported total revenues of EGP14.9bn (US$945m), for its consolidated financial results for the year ended 31 December 2019, up 11 per cent YoY. Qalaa's EBITDA remained steady at EGP1.3bn in FY19 and increased by 17 per cent YoY in the 4Q19 to EGP325m. Flat full-year EBITDA was largely the result of a 60 per cent YoY decline in ASEC Holding’s EBITDA in FY19. The cement segment's performance was affected by an underperforming cement market in Egypt, and social an... |
PPC announces operational update for April04 May 2020, Published under Cement NewsPPC has released an update for its African operations during April. PPC Barnet in the DRC has been able to continue to operate and is expected to produce similar volumes compared to the same period last year. Cimerwa and PPC Zimbabwe have also partially resumed operations in Rwanda and Zimbabwe, respectively, in the second half of April. Cement sales volumes in these countries are expected to be around 15-20 per cent of the volumes sold in April 2019. Overall sales volumes in South Africa ... |
Cemex makes organisational changes27 March 2020, Published under Cement NewsCemex has announced that Sergio Mauricio Menéndez Medina, current president of Cemex Europe, has been appointed as president of Europe, the Middle East, Africa and Asia. Therefore, Mr Menéndez Medina will oversee the business in the Philippines, Israel, Egypt and the UAE, in addition to his current responsibilities, with effect from 27 March 2020. "I would like to thank our current president of our Asia, Middle East and Africa region, Joaquin Estrada, for his contribution and commitment t... |
Dangote Cement Group's unaudited 9M19 results see volumes rise 1.1%31 October 2019, Published under Cement NewsDangote Cement Group's unaudited results for the 9M19 to 30 September 2019 saw group volumes up 1.1 per cent to 18Mt and Nigerian sales up 0.6 per cent to 10.8Mt, driven by strong 3Q19 promotional activity. Pan-African cement volumes rose by 1.7 per cent to 7.1Mt for the 9M19. However, group revenue fell by 0.8 per cent to NGN679bn (US$1.88bn) and group EBITDA slipped by 10.1 per cent to NGN303.2bn. Joe Makoju, Group Chief Executive Officer said: "The huge success of our Bag of Good... |
Turbulent times for Africa?17 September 2019, Published under Cement NewsFor the cement sector, turmoil has probably come to a head in many parts of Africa. Cement demand has slowed or fallen back into the red in many African countries, while overcapacity and low utilisation rates are characteristic of many markets. However, much of this turmoil is self-inflicted. Tony Hadley provides an uncompromising assessment of the industry on the continent and examines the root causes of business failure in some key markets. By Tony Hadley African Advisory. A perfect... |
Dangote Cement's group revenues slip 3% in 1H1931 July 2019, Published under Cement NewsDangote Cement Plc announced its unaudited results for 1H19 with group revenue reaching NGN467.7bn (US$1.291bn), down three per cent, and group EBITDA at NGN217.9bn, down 11.4 per cent. Nigerian EBITDA for Dangote Cement fell 11.6 per cent to NGN200.6bn and pan-African EBITDA slipped to NGN23.9bn, down 7.5 per cent. Net debt stood at NGN318.6bn. Group cement sales totalled 12.28Mt in 1H19, while domestic cement sales volumes reached 7.59Mt in 1H19. Nigerian revenues stood at NGN328.3m in... |
Cemtech Middle East & Africa off to successful start19 February 2019, Published under Cement NewsOver 200 delegates from the global cement industry have come together for Cemtech Middle East & Africa 2019, which is being held at the Grand Hyatt Dubai, UAE, between 17-20 February. International Cement Review's Managing Director, Thomas Armstrong, inaugurated the conference by welcoming delegates to Dubai. Mr Armstrong considered how oversupply is one of the largest issues that dominates the cement sector in the Middle East and African region, with a 55-60 per cent utilisation rate in 20... |
Intercem to supply new Kamsar grinding plant13 February 2019, Published under Cement NewsFollowing the successfully-finished projects in Côte d'Ivoire and Burkina Faso, Intercem Engineering has been granted a new order in west Africa from Les Cimenteries de la Basse-Guinée for a 500,000tpa cement grinding plant including raw material shed, hopper station, packing plant and truck loading station in Kamsar, Guinea. Intercem sign agreement for a new grinding plant with Les Cimenteries de la Basse-Guinée The contract includes the raw material storage with a capaci... |