Cement News tagged under: Africa
Oyak eyes Europe, Africa acquisitions10 April 2014, Published under Cement NewsTurkey-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 plants06 March 2014, Published under Cement NewsTurkish 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 jumps24 February 2014, Published under Cement NewsLafarge'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 NewsExane 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 capacity05 December 2013, Published under Cement NewsSino-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 plant23 October 2013, Published under Cement NewsLesotho 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... |
Supplying Africa16 July 2013, Published under Cement NewsThe Nigerian cement industry is developing at breakneck speed, with a drive that reaches beyond the country’s borders. At the forefront of this trend is locally-based Dangote Cement. Speaking at the Cemtech Middle East and Africa Conference held earlier this year, CEO DVG Edwin highlighted the company’s track record and its plans to expand its operations not only in Nigeria, but further afield in other west and central African markets. Dangote invested heavily in truck haulage and mod... |
Switched on to Africa02 July 2013, Published under Cement NewsHeidelbergCement will soon complete US$400m worth of investment in its nine cement operations active in the sub-Saharan region, which will see production capacity rise by more than 50 per cent to 10.35Mt by 2014. Going forward, sub-Saharan Africa (SSA) remains a key area for the group, and because of its high growth potential, it is earmarked for further investment by the German major. In this exclusive interview, ICR catches up with Jean-Marc Junon, chief operating officer for HeidelbergCem... |
ACCTA 2013 success leads to a biannual conference06 June 2013, Published under Cement NewsThe first conference on Advances in Cement and Concrete Technology in Africa (ACCTA 2013) was held at the Emperor’s Palace Resort in Johannesburg, South Africa, over 28-30 January 2013. More than 200 scientists and industry representatives from 47 nations, including 20 African countries, attended this three-day conference, paving the way for ACCTA to be developed into a biannual event. Chairman Prof Herbert Uzoegbo (Wits) opens the event on behalf of the organising committee... |
ScanMines-Togo expects first clinker at end 201423 May 2013, Published under Cement NewsScanMines-Togo, a subsidiary of Germany’s HeidelbergCement, expects production at its new works, located on the Sika-Kondji limestone deposit, to start at the end of 2014. The company plans to ramp up clinker production to 5000tpd and build two cement plants in the country. ScanMines-Togo is HeidelbergCement’s second subsidiary in Togo, after Ciments du Togo (Cimtogo). It represents an investment of US$254m. |