Cement News tagged under: Africa
Dangote Cement signs fresh deal with Sinoma27 August 2015, Published under Cement NewsDangote 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 results26 August 2015, Published under Cement NewsTanzania 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 investment06 August 2015, Published under Cement NewsMorocco'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 NewsDangote 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 plant07 July 2015, Published under Cement NewsMenzel 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 project02 July 2015, Published under Cement NewsThe 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 ... |
Malawi rolls out distribution of subsidised materials under housing programme30 June 2015, Published under Cement NewsThe Malawi government has started to roll out the the distribution of materials under its Decent and Affordable Housing (Cement and Malata) Subsidy Programme (DAHSP). Speaking during the hand-over ceremony of the materials last week at Malembo School in the area of Traditional Authority (TA) Khongoni, Charles Makanga, Lilongwe District Commissioner, said: "We need decent houses with cement and iron sheets to replace the grass thatched and muddy houses in our villages within the given peri... |
Ghana cement producers' association formed11 June 2015, Published under Cement NewsLocal cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd and Savannah Diamond Company Ltd. Dr George Dawson-Ahmoah, Strategy & Corporate Affairs Director o... |
Vietnamese producer targets new export markets04 June 2015, Published under Cement NewsLa Hien Cement JSC, a subsidiary of the Vietnam National Coal Mineral Industries Group (Vinacomin), is seeking new export markets in Asia and Africa, an executive of the company said. According to Nguyen Van Dung, Director of the La Hien JSC, the company will seek new markets while securing its traditional markets including Thai Nguyen, Bac Kan and Lang Son provinces, the Vietnam News Agency reported. The company aims to ship its clinker to Bangladesh, the Philippines and a number of natio... |
Dangote begins trial operations at new Ethiopian plant03 June 2015, Published under Cement NewsDangote Cement Plc began trial production of cement last week at its 2.5Mta cement works in Ethiopia, AllAfrica press reported. The milestone of kiln ignition was achieved in April 2015. The plant is connected to grid electricity and stockpiles of limestone have been built up from the quarry, 4km away. Dangote Cement has been building its logistical and marketing capabilities in advance of commercial sales. According to local news reports, the company has already imported 1.2m packaging... |