Cement News tagged under: Africa

RSS feed

PPC eyes longer-term growth outside of Africa

16 March 2016, Published under Cement News

PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16.  In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc...

Dangote Cement full-year boosted by new African plants

02 March 2016, Published under Cement News

Dangote Cement posted a 25.6 per cent rise in 2015 revenues to NGN491.7bn (US$2.47bn) as new plants performed strongly across Africa, the company reported yesterday. New production facilities opened by the group in Senegal, Cameroon, Ethiopia and Zambia made their first contributions to the business in 2015 and as a result, volumes rose by 35 per cent to 18.9Mt. “New factories performed very successfully across Africa, gaining significant market share against long-established incumbents,” ...

New managing director of PPC Zimbabwe appointed

24 February 2016, Published under Cement News

PPC has appointed Kelibone Masiyane as managing director of PPC Zimbabwe. Following the recent re-deployment of former managing director of PPC Zimbabwe Njombo Lekula as the managing director of PPC's international operations, the country's executive team has been further strengthened through a number of new appointments. "Kelibone's promotion will see him assume overall responsibility for PPC Zimbabwe's business, with his key focus our Harare factory," notes Lekula. "His extensive operati...

ZCCM plans cement and power investment

22 February 2016, Published under Cement News

Zambia-based ZCCM Investments Holdings is expected to develop a cement plant and 52MW thermal power and Ndola as part of the company’s diversification programme. ZCCM-IH will team up with private investors for the projects, and it is also collaborating with local and international financial institutions on the financing of the projects, according to local press. Pius Kasolo, CEO of ZCCM-IH, told journalists on Monday that the power plant will provide 30-35MW of reliable electricity suppl...

BUA Group reportedly in talks to build two plants in east Africa

19 February 2016, Published under Cement News

The BUA Group of Nigeria in talks with China’s Sinoma to build two cement plants in east Africa and a steel plant in Nigeria for US$1.9bn, according to a report by Reuters. BUA Group chairman, Abdulsamad Rabiu, told the international news agency that the two cement plants will have a capacity of 3Mta and cost US$700m. The steel plant will have a capacity of 1.2Mt at a cost of US$1.2bn. In a statement, BUA said the pact came following the successful start of production at its new Obu cement...

Addoha reportedly to sell 30% African stake to HeidelbergCement

26 January 2016, Published under Cement News

It has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transaction is estimated at around MAD2bn (US$202m). When contacted, HeidelbergCement declined to comment. Following the construction of two cement plants in its home market of Morocco (Ben Ahmed and Beni Mellal), the Addoha Group has rapidly expanded its activities in Africa, launching subsidiary Ciments de L'Afrique (CIMAF...

New Cameroon plant agreement signed

21 January 2016, Published under Cement News

Mira Company has signed an agreement with the Cameroon’s Ministry of Industry and Technological Development to construct a 1Mta cement plant in Douala. The deal allows the Swiss engineering company to benefit from provisions in Cameroon’s law which offers incentives to private sector investors in the central African country. Shandong Design and Research Institute has reportedly been awarded the contract for the project. The plant is expected to be officially put into operation by the end o...

Limak plans EUR1bn Africa spending spree

18 December 2015, Published under Cement News

Turkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no certainty that the deal would go ahead, the Turkish cement producer has reportedly signed a confidentiality agreement relating to the acquisition from an international cement company. "A global cement firm is considering selling its facilities in three African countries... We are seriously interested and have signed a c...

Kenyan output and demand growth slows

11 December 2015, Published under Cement News

During the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya National Bureau of Statistics (KNBS). This is a slower pace of growth compared to 15.59 per cent in a similar period last year. In the period under review, 5.33Mt of cement were produced, a modest growth over the 4.82Mt recorded in 10M14. The highest monthly production this year was recorded in July at 570,904t, but...

CIMAF inaugurates Cameroon plant

30 October 2015, Published under Cement News

Ciment de l’Afrique (CIMAF), a subsidiary of the Addoha Group of Morocco, has opened its new factory in Cameroon. The new plant, located in the industrial area of Bonaberi in Douala, was inaugurated by the Prime Minister of Cameroon, Philemon Yang. Commissioning of the plant comes nearly a year after the start of cement production by the plant with a current capacity of 500,000tpa.