Cement News tagged under: Africa

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Lafarge Zimbabwe reports half-year loss

05 October 2015, Published under Cement News

The local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand as the country’s construction industry remains subdued. Lafarge Zimbabwe said volumes of cement sales were down seven per cent during the first half of the year, resulting in a decline in revenue to ZMD25.4m from ZMD28.2m. Operating loss widened to ZMD1.8m from ZMD1.7m incurred in 2014. “The construction industry r...

Dangote Cement appoints two regional CEOs

01 October 2015, Published under Cement News

Dangote Cement has appointed two new Regional Chief Executive Officers (RCEOs) to lead its Nigeria and West and Central Africa divisions. Arvind Pathak has been named the new RCEO of Nigeria while Vivek Chawla is the new RCEO for West and Central Africa. Mr Chawla has over 30 years of experience in the cement industry working across functions including management, operations, sales & marketing, projects and commercial. Prior to his appointment at Dangote Cement Plc which became effective ...

PPC expansion strategy on track

24 September 2015, Published under Cement News

PPC's expansion strategy remains on track and the new plant in Rwanda was officially opened on 18 August 2015. In an investor presentation posted on PPC's website ahead of the RMB Morgan Stanley Big Five Investor Conference in Cape Town on Monday, the company said all three remaining projects in the DRC, Zimbabwe and Ethiopia are ~45 per cent complete. The 1Mta Slurry Kiln 9 project has commence and production ramp-up is anticipated in 2018. In terms of its operational performance, posit...

Tanzania: Tanga six-months hit by devaluation of shilling

17 September 2015, Published under Cement News

Tanga Cement Company has registered a net loss of TZS6.94bn- for the six months to June 2015, compared to a profit of TZS8.60bn in the corresponding period of year. Management partly attributed the decline to the devaluation of the Tanzanian shilling during most of the period. "The devaluation of the shilling resulted in a TZS7.9bn/- unrealised foreign exchange loss...The devaluation made the loan more expensive than when it was incurred," said Lawrence Masha, chairman of the company's Bo...

Dangote Cement signs fresh deal with Sinoma

27 August 2015, Published under Cement News

Dangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana as well as in Nepal. The latest developments will boost capacity to more than 70Mta and Dangote is targeting further gains to about 100Mta of potential output by 2020, Aliko Dangote said in a speech in Lagos.

Higher production costs take toll on TPCC's half-year results

26 August 2015, Published under Cement News

Tanzania Portland Cement Co (TPCC) posted a net profit of TZS22.17bn (US$10.4m), down 18.3 per cent from the TZS27.14bn recorded during the corresponding period last year. First half revenue climbed to TZS135.74bn as sales increased, but the increased cost of sales and insurance proceeds a took toll on profitability. TPCC Chairman, Jean-Marc Junon, said: "The operating profit for the period was impacted by increased production costs especially on raw materials and fuel due to depreciation ...

CIMAF plans Guinea-Bissau investment

06 August 2015, Published under Cement News

Morocco's Ciments de L’Afrique (CIMAF) will build a cement facility in Guinea-Bissau, the  Prime Minister’s office of the West African company said Tuesday. Managing director of the company, Saad Sefrioui, told the Guinean Prime Minister that the factory would start production of cement within 14 months, and an agreement outlining these details was signed just hours before a meeting with the Minister of Economy and Finance. (Source: Macauhub/GW)

Dangote Cement 1H profit up 28%

03 August 2015, Published under Cement News

Dangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121.8bn (US$614m) in the six months through June, compared with NGN95.4bn in the same period a year earlier. Sales rose 16 per cent to NGN242bn. Group cement sales volumes were up 13.7 per cent YoY to 8.1Mt. Domestic cement sales in Nigeria fell 7.5 per cent to 6.3Mt. Nigeria margins were protected by new pricing, improve...

Menzel delivers seven motors to North African plant

07 July 2015, Published under Cement News

Menzel Elektromotoren has engineered and delivered six new motors between late 2014 and June 2015 for a North African cement plant. A seventh will follow in August 2015. All of the motors are replacements for legacy drives in the plant, the largest being a six-pole size 800 slip-ring motor with 4800kW rated power, 11,000V rated voltage and a speed of 992 min-1. As the customer wanted to retain the old starter for this motor, the new motor needed to feature completely identical rotor da...

CCNN earmarks NGN48bn for expansion project

02 July 2015, Published under Cement News

The Cement Company of Northern Nigeria (CCCN), on Tuesday said it would invest NGN48bn (US$240m) into the ongoing modernisation of its facilities to double its production capacity. Alf Karlsen, managing director of CCNN, told Business Day (Nigeria) that when completed, the company would have the capacity to produce 1.5Mta. Mr Karlsen also disclosed that the firm had completed the process acquiring new mining areas to expand its quarry activities. He explained that the company’s expansion ...