Cement News tagged under: Africa
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
10th Cemtech MEA opens in Dubai09 February 2015, Published under Cement NewsCemtech Middle East & Africa 2015 opened at the Grand Hyatt Dubai, UAE, today with over 270 participants for a two-day conference covering the worldwide cement industry and manufacturing technology. The 10th Cemtech Middle East & Africa conference opens before an international audience of 270 cement sector professionals Opening the meeting, Thomas Armstrong, managing editor of International Cement Review, provided an overview of the main themes facing the cement sector, part... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
Ashaka board recommends Lafarge buy-out offer to minority shareholders29 December 2014, Published under Cement NewsThe board of directors of Ashaka Cement has advised minority shareholders to accept the buy-out mandatory tender offer (MTO) by Lafarge Africa. Lafarge Africa has offered to buy out minority shareholders in Ashaka Cement following the merger of Lafarge's Nigerian and South Africa's businesses. Under the offer, Lafarge Africa is making an MTO to minority shareholders to buy 927 million shares, representing 41.39 per cent of the company. Shareholders who accept the offer will receive 57 ... |
Ethiopia: talks on 10-year industry development strategy23 December 2014, Published under Cement NewsDiscussions are being held by stakeholders on a draft 10-year cement development strategy for the development of Ethiopia’s cement industry. State Minister of Industry Mebrat Meles said the strategy will be aimed at boosting plant productivity and ensuring the availability of cement at affordable prices for low income earners. Representatives from domestic cement plants share this same view and vowed to realise the strategy, according to local press reports. Problems of limited capacity... |
Angola to ban cement imports in 201517 December 2014, Published under Cement NewsAngola has banned the import of cement in 2015 with the country having achieved self-sufficiency in terms of cement production but has set a quota of 150,000t for three outer-lying provinces, the minister for construction said on Monday. Following a meeting of the Economic Commission of the Council of Ministers, Minister Waldemar Alexandre Pires stated: “Due to the investments made by various companies, the installed capacity of cement production in Angola is 8Mt and demand is around 6.5Mt.... |
Ciments de L’Afrique awards grinding contract12 December 2014, Published under Cement NewsCiments de L’Afrique has awarded the contract for a new cement grinding plant to CEMTEC which will be established at the cement producer’s existing facility 15km outside of Abidjan, Côte d’Ivoire. The new 0.5Mta grinding facility will double existing production capacity. The key components of the plant are • Shell supported ball mill 3.8 x 11.0m with an installed motor power of 2250kW • Separator CTC-110 with improved rotor design to reduce power consumption and increase separation eff... |
Thermax wins new captive power plant order in Africa08 December 2014, Published under Cement NewsThermax Ltd has won a repeat order from a leading African industrial major to build and commission a captive power plant for one of the conglomerate’s cement plants. The scope of the project includes system design, manufacture, supply and supervision of erection and commissioning of the plant. “We are excited about the business opportunities emerging in Africa. Our two-year project management experience in the continent should really help in seamlessly executing these projects,” said Ther... |
Lafarge to acquire complete control of Unicem11 November 2014, Published under Cement NewsLafarge Nigerian Cement Holdings said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 per cent stake in United Cement Company of Nigeria Ltd (Unicem). The deal will give Lafarge's Nigerian Cement Holdings complete control of the country's third-largest cement manufacturer, Reuters reported. "Pursuant to the agreement, a first 15 per cent tranche would be acquired in the first quarter of 2015, while the second 15 per cent tranche is scheduled to be ac... |
Lafarge Africa 9M14 pretax profit drops 41.2%30 October 2014, Published under Cement NewsLafarge Africa said its pretax profit for the first nine months of this year dropped by 41.2 per cent YoY to NGN38.08bn (US$231m). Revenue, however, rose to NGN159.39bn from NGN154.78bn previously, the company said in a filing with the Nigerian stock exchange. |