Cement News tagged under: Africa
G Power Cement to construct new plant in Cameroon19 February 2013, Published under Cement NewsCameroon is set to see the establishment of a new cement plant as G Power Cement on Friday signed an agreement with the government for an 800,000tpa plant. The privately-held German firm will invest CFA45bn (US$90m) in the new factory which will be situated in the coastal city of Limbe, southwest region Cameroon. Work on the project is expected to begin next month with the laying of the foundation stone, the CEO of G Power Cement, Bernd Stiehl told All Africa press. The plant is expected ... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Thang Long Cement plans to increase exports, Vietnam29 August 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neighbouring market. Since the start of this year, the company has shipped around 5000t and 2000t of cement to Cambodia and Indonesia, respectively from the grinding facility, according to the company’s director Mai Anh Tai. Thang Long Cement plans to export around a further 150,000t of cement to these two markets betwe... |
Automation for Africa18 July 2012, Published under Cement NewsThe importance and desire for automated systems in a cement plant in the developing world has to be balanced with the need of helping local employment and training staff in the understanding of process control. It is perhaps not the easiest of challenges to reconcile but the use of statistical process control could teach and advise employees of the best way to run the factory, supported by expert systems to assist correct adjustment decision-making. Cement factories in Africa now have... |
Vietnam exports seen rising10 July 2012, Published under Cement NewsExports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6.04Mt, comprising 5.76Mt of clinker and 0.28Mt of cement. For the first six months of 2012, around... |
Infrastructure investments to secure steady annual growth of FDI to Africa15 May 2012, Published under Cement NewsScaling up regional infrastructure projects will facilitate intra- and inter-regional trade, create integrated energy markets through regional power pools, support water resources management, and spur economic growth, says private equity leader. A growing emphasis on opening infrastructure investment to the private sector will both catalyse African economic growth and attract substantial foreign direct investment, the founder of Africa’s largest private equity firm said yesterday at the ... |