Cement News tagged under: Africa
Lafarge Africa shareholders approve rights issue12 June 2017, Published under Cement NewsShareholders of Lafarge Africa Plc on Wednesday approved a proposal to raise NGN140bn (US$442m) in new capital for the cement group, local media have reported. The new capital raising will be undertaken through a rights issue, issuance of pre-allotted shares to existing shareholders in proportionate to their shareholdings. At the company's AGM in Lagos, shareholders mandated the board of directors to raise up to NGN140bn with a general provision that allows the company to convert its i... |
Savannah Cement and NCA sign training pact09 June 2017, Published under Cement NewsKenya's National Construction Authority (NCA) has signed a partnership agreement with local cement producer Savannah Cement to advance technical training programmes for contractors. The agreement will see Savannah Cement and NCA jointly conduct nationwide training and certification programmes for contractors and construction supervisors. Speaking at the partnership signing ceremony, NCA Executive Director, Dr Arch Daniel Manduku said the programme will also provide an outreach programme... |
Discussions on vertical grinding and conveying24 May 2017, Published under Cement NewsGebr Pfeiffer (GPSE), together with co-sponsor Beumer, hosted a two-day event in Johannesburg, South Africa, focussed on vertical grinding and conveying solutions for the cement industries in southern and eastern Africa. Taking place on 9-10 May 2017, invited guests were given detailed insights into modern process trends through a series of expert presentations, while lunches, a gala dinner and the relaxed surroundings of the Radisson Blue Gautrain provided ample networking opportunities. ... |
ARM Cement to sell non-core unit03 May 2017, Published under Cement NewsARM Cement is to sell its fertiliser unit in a bid to raise cast to grow its core buisiness of cement, local media reports. The decision is part of the Kenyan company's aim to consolidate its business and focus on cost cutting, improving distribution channels as well as improving operational efficiencies. “Further, in order to remain focused on the cement business and to raise cash and release a significant amount of working capital locked up in Mavuno Fertilizers division, the co... |
SIka establishes Senegal subsidiary27 April 2017, Published under Cement NewsSika is expanding its presence in west Africa by establishing a new subsidiary in Senegal – following those in Nigeria, Côte d'Ivoire and Cameroon. A local production facility for concrete ad-mixtures is already being planned, which will subsequently be expanded to include mortar products. The company has a strong presence in Africa with 19 national subsidiaries and 17 factories. Paul Schuler, Sika Regional Manager EMEA, commented: “We are positioning ourselves early in emerging market... |
PPC achieves two major milestones as part of its expansion strategy21 April 2017, Published under Cement NewsAs part of its expansion strategy, PPC announced this week the inauguration of its Ethiopian operation, Habesha Cement, and the first truck dispatch load of saleable cement from its plant in the Democratic Republic of the Congo. The inauguration of Habesha Cement marks the completion of the construction of the factory and installment of the technical and non-technical systems.The ceremony, officiated by the Prime Minister of Ethiopia, Ato Hailemariam Desalegn, was held at the plant in Hole... |
Lafarge Zimbabwe returns to full-year profit04 April 2017, Published under Cement NewsLafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the same period of the previous year. Revenues in 2016 rose marginally to ZMD61m from ZMD60.9m as volum... |
Nigerian government commends Dangote Cement self-sufficiency feat20 March 2017, Published under Cement NewsThe Nigerian government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spare headed the backward integration policy introduced by the government, the cement company said in a statement today. Minister for Solid Minerals Development, Dr Kayode Fayemi, who leads a team of the federal government to the Dangote Cement plants in Ibese, Ogun State, at the weekend s... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Dangote Group to spend US$20bn on investments by 202009 November 2016, Published under Cement NewsDangote Group is planning to invest over US$20bn (NGN630.5bn) and engage over 200,000 additional workers in various projects to impact the Nigerian and African economy by 2020. While most of its output comes from four plants in Nigeria, Dangote Group Executive Director, Mansur Ahmed, said there were several other cement works in various other African countries. "We have grown in terms of volume and geographical space. It is our intention to continue to grow. Our expectation is that by ... |