Cement News tagged under: Africa
Kenyan output and demand growth slows11 December 2015, Published under Cement NewsDuring 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 plant30 October 2015, Published under Cement NewsCiment 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. |
Chinese company signs MoU for Namibian plant26 October 2015, Published under Cement NewsChina-based Asian and African Business Management has signed a Memorandum of Understanding with Namibian company Whale Rock Cement for a US$350m cement plant. The signing ceremony was attended by the Chinese Ambassador to Namibia, Xin Shunkang, and the chairperson of Asian and African Business Management, Zhang Jimin, according to reports by China Daily. The plant, about 245km from the capital Windhoek, will be the second cement plant in Namibia. The southwest African country is currently ... |
Sika expands footprint in Africa14 October 2015, Published under Cement NewsSika is opening its first concrete admixture and mortar production facilities in Nigeria and Côte d'Ivoire and has established new subsidiaries in Ethiopia and Tanzania to participate in the growing markets in the Sub-Saharan region. The move expands Sika's presence on the African continent to 16 countries. Sika established the subsidiary in Nigeria and Ivory Coast in 2014 and is now in Lagos and Abidjan, Nigeria, investing in local production facilities for high-quality concrete admixtur... |
Limak embarks on Mozambique plant project07 October 2015, Published under Cement NewsLimak Holding has laid the foundation stone for a grinding and packing plant in Maputo, Mozambique, a move that forms part of the Turkish company's vision to become a global cement player. The new facility is scheduled to come into operation in the first quarter of 2016. The company is also set to lay the foundations for a grinding plant in Cote d'Ivoire next month, according to local press reports. Speaking to International Cement Review in a recent interview , Gültekin Aksüyek, CEO and ... |
Sino Zimbabwe cuts prices to boost market share05 October 2015, Published under Cement NewsSino Zimbabwe has reduced the price of its cement products by 20 per cent to increase market share, according to reports by the Financial Gazette’s Companies & Markets. General Manager, Wang Yong, said they had reduced the price of PC15 cement from US$10 to US$8/50kg bag, with the hope that the new strategy will boost sales going forward. Sino-Zimbabwe Cement Company is a joint venture between the Industrial Development Corporation of Zimbabwe Ltd (IDC) and China’s CBMC. It operates one ... |
Lafarge Zimbabwe reports half-year loss05 October 2015, Published under Cement NewsThe 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 CEOs01 October 2015, Published under Cement NewsDangote 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 track24 September 2015, Published under Cement NewsPPC'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 shilling17 September 2015, Published under Cement NewsTanga 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... |