Cement News tagged under: Africa
Tanzania is the latest price-pressured African market22 September 2017, Published under Cement NewsWhile South Africa's cement market is wrapped up in merger talk and oversupply, and Ghana's cement industry is crying out for protection against low imports, Tanzania is the latest African country to find that the bustle for greater market share is pushing prices down to unsustainable levels. Tanzania's price war Tanzanian cement producers are facing a sudden collapse in profitability as cement prices are falling in an increasingly competitive market. Heidelberg-owned Tanzania ... |
Hima partners with Chinese contractor for three infrastructure projects in Uganda06 September 2017, Published under Cement NewsHima Cement, LafargeHolcim company in Uganda, and China Communications Construction Company (CCCC) on 12 July signed a memorandum of understanding to deliver solutions for three major infrastructure projects. The Ugandan government prioritising infrastructure development as one of the drivers of economic growth and Hima Cement will contribute to the country’s effort to build durable and reliable infrastructure. According to a memorandum of understanding (MoU) signed mid-July, LafargeHolcim ... |
AfriSam submits revised PPC merger offer05 September 2017, Published under Cement NewsSouth Africa’s cement maker AfriSam has submitted a revised merger approach to larger domestic rival PPC, the company said on Monday. AfriSam’s latest proposal values PPC at 5.75 rand per share, or SAR9.2bn (US$709.47m), and is the company’s third attemp to merge with PPC and create a pan-African cement group with assets across six countries. As part of the proposal, the African unit of Canada's Fairfax Africa Holdings offered to buy 22 per cent of PPC at 5.75 rand per share for SAR2b... |
KHD signs contracts in western sub-Sahara region25 July 2017, Published under Cement NewsHumboldt Wedag GmbH, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over EUR80m for the supply of equipment and execution of civil and erection works as well as supervision services for a cement plant in western sub-Sahara region. The contracts will be booked as order intake as soon as the pre-conditions for commencing project execution are fulfilled, the company said in a statement. |
Dangote Cement's pan-African expansion boosts financial strength21 July 2017, Published under Cement NewsDangote Cement's strategy of rapid capacity build across Africa with prudent financial management has led the company to recently be recognised for its financial strength. The next wave of development sees Dangote almost doubling capacity, further consolidating its position as sub-Saharan Africa's leading cement supplier. Earlier this month two global rating agencies, Moody's Investors Service and Global Credit Ratings (GCR), rated Dangote Cement positively for its financial strength and co... |
Senegal production rises in 4M1718 July 2017, Published under Cement NewsSenegal’s cement production during the first four months of 2017 showed a slight increase of 2.5 per cent, compared to the same period in 2016, African Press Agency (APA) News reported citing the Directorate of Forecasting and Economic Studies (DPEE). According to DPEE, which relies on data from two cement plants (Sococim and Ciments du Sahel) out of the three existing in the country, cement production increased to 2.27Mt at the end of April 2017, representing an increase of 56,300t in abs... |
Hima Cement signs supply deal for Uganda infrastructure13 July 2017, Published under Cement NewsUganda-based Hima Cement is to supply infrastructure projects being undertaken by China Communications Construction Co Ltd (CCCC) in the East African country under a new trade deal, local media have reported. Allan Ssemakula, Hima Cement's commercial director, said the LafargeHolcim company will supply cement for the ongoing Entebbe International Airport expansion, construction of Mubende-Kakumiro-Kagadi Road as well as upgrading of Soroti – Moroto Road. The firm will supply 30,000t of ... |
Bamburi gears up for grinding expansion13 July 2017, Published under Cement NewsBamburi Cement is set to start expansion of its Athi River grinding plant in Kenya next month, wth a senior executive saying that it has completed pre-construction preparation for the project. “In January we embarked on this 18-month project to construct a new cement grinding line at Athi River, and with civil works currently underway, structural work is set to commence next month,” Managing Director, Bruno Pescheux, said in a statement yesterday. The expansion of the plant is aimed at ... |
Ohorongo Cement appoints new plant manager11 July 2017, Published under Cement NewsEstelle Alberts, Ohorongo Cement's new plant manager At the age of 30, Estelle Alberts become the youngest plant manager for Ohorongo Cement, Namibia, beginning 1 July 2017. Alberts joined Ohorongo Cement in July 2013 as a Divisional Production Manager: Grinding and Burning, responsible for the clinker and cement production part of the plant. Alberts, who grew up in Grootfontein, becomes the first Namibian in this role. She takes over from Manfred Pirker who has been appointed as ... |
LafargeHolcim03 July 2017, Published under Cement NewsLafargeHolcim is expanding its construction materials operations in the Middle East and Africa by launching the ‘Binastore’ brand in Algeria, Cameroon, Iraq and Lebanon. Other markets where the group is active are to follow. The outlets will be in the range of 50-200m² as well as some mobile stores in more rural areas. |