Cement News tagged under: Africa
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. |
Lafarge Africa completes consolidation process17 September 2014, Published under Cement NewsLafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Holdings and United Cement Co of Nigeria. Guillaume Roux, Lafarge Africa Group Chief Executive Officer, told reporters in Lagos yesterday that the company had received all shareholder and regulator approvals and met all the necessary requirements to form the merged company comprising Lafarge’s South Africa and Nigerian in... |
Raysut signs Somaliland jv terminal project15 September 2014, Published under Cement NewsOmani producer Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture terminal for the packaging and distribution of cement. The two companies will build a US$7.5mn terminal in the port city of Berbera which will have the ability to store and distribute both bagged and bulk cement set to be delivered from Oman by sea. It will have a capacity to store up to 12,000t of cement and completion is scheduled for the end of 2015. R... |
Aganang works to launch clinker production14 August 2014, Published under Cement NewsSephaku Cement has completed the commissioning of the clinker production facility at Aganang, South Africa, and is ready to commence production, the company said in a statement. The first consignment of clinker will be delivered to the Sephaku’s Delmas grinding plant by the end of the month. Dr Lelau Mohuba, CEO of Sephaku Holdings, said: “The production of its own clinker is an important step for SepCem, enabling it to become a fully-integrated producer of cement. We are confident that it... |
Bamburi posts first-half pretax profit drop08 August 2014, Published under Cement NewsBamburi Cement posted a 28 per cent drop in first-half pretax profit to KES2.3bn (US$26.2m) from KES3.2bn a year earlier. The Lafarge group company attributed the decline to rising power costs, increased use of imported clinker and the introduction of a mining levy in Kenya. Operating profit fell 27 per cent to KES2.2bn compared KES3bn in the comparative period of 2013. However, turnover rose 9.5 per cent as a result of higher sales volumes in the first half of the year both to domestic ma... |
Lafarge Africa first-half profit rises 29% YoY01 August 2014, Published under Cement NewsLafarge Africa said its first-half profit rose 29 per cent to NGN17.75bn (US$109.61m), compared with NGN13.80bn in the same period of last year. Gross earnings rose to NGN55.35bn, from NGN49.48bn in the same period last year, the company said in a filing with the Nigerian Stock Exchange. |
Africa’s renaissance23 July 2014, Published under Cement NewsAfrica is now well and truly on the map for businesses and investors operating on the continent. In the cement sector, this is most obviously illustrated by the remarkable emergence of Dangote Cement as a pan-African player of considerable influence on the back of ongoing multi-billion dollar capex investments. In this viewpoint on Africa, Tony Hadley, ex-CEO of Dangote Cement and Lafarge Africa, provides his perspective on the great potential ahead for investors in Africa. By Tony Hadley, B... |
Semen Indonesia targets over 40Mta of capacity in 201710 June 2014, Published under Cement NewsSemen Indonesia targets over 40Mta of capacity over the next three years, as it continues to increase domestic capacity and seeks to expand into other Asian countries and beyond. This year the company targets capacity of 31.8Mt this year, according to its president Dwi Soetjipto. By 2016 Semen Indonesia will further expand its production capacity to 37.8Mt with new production facilities in West Sumatra and Central Java, Indonesia, Dwi added. Meanwhile, there will be an increase of 2... |
Nova Cimangola receives funds to boost capacity, Angola09 June 2014, Published under Cement NewsNova Cimangola is set to receive AOA11.3bn (US$116m) from the Angolan government to increase the cement plant’s production capacity. According to a decree dated on 28 April 2014 and published on 5 May 2014, the funds will be transferred by the Finance Ministry and will give Nova Cimangola greater financial capacity thus ensuring a greater supply to the Angolan market, and thus reduce prices. Ciminvest holds a 49 per cent stake in Nova Cimangola, the Angolan state 40 per cent and state b... |
Lafarge Nigeria calls for review of labelling09 June 2014, Published under Cement NewsLafarge Nigeria is calling for proper product labelling by manufacturers to address the wrong application of cement products. Lanre Opakunle, the company’s General Manager, Industrial Performance of the company, said there was need to review how cement products were labelled to educate end-users on the basic steps necessary for right application and results. “We discovered that the labelling is not adequate today and we made some proposals but those proposals have not been taken on-board ... |