Cement News tagged under: Africa

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Africa’s renaissance

23 July 2014, Published under Cement News

Africa 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 2017

10 June 2014, Published under Cement News

Semen 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, Angola

09 June 2014, Published under Cement News

Nova 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 labelling

09 June 2014, Published under Cement News

Lafarge 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 ...

Oyak eyes Europe, Africa acquisitions

10 April 2014, Published under Cement News

Turkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said on Thursday. Speaking to Reuters, Caglar said that the group is also interested in acquisition opportunities that could arise through the Lafarge and Holcim merger as the groups look to divest in assets to appease potential concerns by antitrust regulators. The company’s said on Monday that two-thirds of divestments ...

Limak plans two new Turkish plants

06 March 2014, Published under Cement News

Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also planning investments further afield with two projects earmarked in Africa. Gideon Aksüyek, CEO of Limak Cement Group, told local press that a 5000tpd plant will be constructed in Ankara, while another 5000tpd cement will be built in the south-central city of Kilis, 12km from the Syrian border. The two factories are schedu...

Lafarge's profit drops in Europe and Latin America, but group net profit jumps

24 February 2014, Published under Cement News

Lafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU...

Exane BNP downgrades Lafarge to “underperform”

24 January 2014, Published under Cement News

Exane BNP Paribas downgraded its opinion on Lafarge from “outperform” directly to “underperform”. However, the analysts raised the target price from EUR50.5 to EUR58.  “Lafarge is exposed to structural problems, including in the Middle East and Africa, where the company has more than 40 per cent of its equity invested,” says Exane. The commissioning of new capacity in these always offers attractive returns, which leads to competition and creates downward price pressures. But Lafarge’s eco...

Sino-Zimbabwe boosts clinker capacity

05 December 2013, Published under Cement News

Sino-Zimbabwe has completed phase one of its plant modernisation programme by increasing clinker production capacity by 40 per cent. Capacity of the plant has now been increased to 700tpd. Phase two of the project, due for completion this year, involves upgrades to warehouses and storage facilities. Further modernisation measures are planned for next year. The new project will also reduce energy consumption and the carbon footprint of the plant based 40km southwest of Gweru. Sino...

Lesotho plans 0.2Mta cement plant

23 October 2013, Published under Cement News

Lesotho plans to build a 0.2Mta plant to meet cement requirements for the country’s second phase of its Lesotho Highlands Water Project (LHWP) and reduce reliance on imported cement from South Africa. Joshua Setipa, CEO of Lesotho National Development Corporation (LNDC), told South Africa Commercial Prop News: “We are keen on getting phase 2 going as that would stimulate demand and provide much-needed infrastructure.” Lesotho has reportedly begun talks with major cement producers about t...