Cement News tagged under: Africa
Dangote Cement appoints new CEO20 January 2023, Published under Cement NewsDangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director. Mr Pathak will replace Frenchman Michel Puchercos, who will leave his position at the end of February after three years at as CEO. Arvind Pathak starts in his new position from 1 March. Mr Pathak led India’s Birla Corp, a cement producer, before he became the chief operating officer and deputy managing director of Dangote Cement. He formerly served at Mumbai-based Associated Cement Co L... |
Livetouch Investments to build its second Zimbabwe cement plant17 January 2023, Published under Cement NewsLivetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cement plant will produce 200,000tpa upon completion between June-July 2024. Livetouch Investments, whose first cement factory is situated in Redcliff, Midlands, is presently producing 200,000tpa against an installed capacity of 340,000tpa. In an interview, the company's managing director, Kyle Wang, said the c... |
Mondi opens Moroccan paper bagging factory15 December 2022, Published under Cement NewsMondi has started production at its EUR16m greenfield bagging plant in Tangier, Morocco, which can produce 100m paper bags each year. This brings Mondi’s total production capacity in West Africa to over 500m bags annually, helping to meet the growing customer demand for paper bags in the region. This plant is Mondi’s fourth site in West Africa (in addition to two other plants in Morocco and one in Ivory Coast). The sack kraft paper used by these locations is produced by Mondi, help... |
Lafarge Cement Zimbabwe appoints new Acting CEO13 December 2022, Published under Cement NewsLafarge Cement Zimbabwe Ltd has appointed Innocent Zulu Chikwata as Acting Chief Executive, effective from 1 December 2022. Mr Chikwata has 16 years experience in the fast-moving consumer goods and construction materials industries and has worked for Colcom, Innscor Africa Group and LafargeHolcim. He has held various positions in sales, marketing and operations with PProfit & Loss oversight and has worked with start-ups and global branding organisations. Having joined Lafarge in Novemb... |
Dangote Cement Senegal incinerates narcotics worth US$40m09 December 2022, Published under Cement NewsDangote Cement Senegal incinerated 300kg of cocaine at its Pout cement plant at the request of the defence and security forces on 3 December 2022. The governor of the Thiès region, Alioune Badara Mbengue, presided over the incineration ceremony of the drugs which were valued at CFA25bn (US$40.1m). The narcotics were seized on 29 October in Kidira (Senegal-Mali border) by Senegalese customs. The operation, which took place under heavy police protection, ended at 11:30am, follow... |
CIMERWA posts end of year revenue of RWF92.1bn07 December 2022, Published under Cement NewsCIMERWA Plc 's year-end financial results recorded revenue of RWF92.1bn (US$84.6m) in 2022, 37 per cent above the previous year. “This is mainly attributed to the optimisation of our production processes, cost savings initiatives and the effective execution of our route-to-market strategy for both our domestic and export markets,” said John Bugunya, CFO of CIMERWA Plc. “Our Profit Before Tax stood at RWF16.9bn, a significant improvement of 212 per cent compared to the prior year. ... |
Sephaku Holdings posts net profit after tax of ZAR26.7m15 November 2022, Published under Cement NewsSephaku Holdings (Dangote Group) has posted net profit after tax of ZAR26.7m (US$1.54m) for the six months ended 30 September, building on the net profit after tax of ZAR17.8m it posted in the prior comparable six months. CEO Neil Crafford-Lazarus said SepCem has been suffering from decreased demand for building materials and especially bagged cement for close to a year. The subsidiary’s sales revenue declined to ZAR1.16bn, compared with ZAR1.19bn in the prior comparable period. The ... |
East African Portland Cement launches Green Triangle Cement02 November 2022, Published under Cement NewsEast African Portland Cement Plc (EAP) has launched a new product named Green Triangle Cement that is aimed at minimising the cement manufacturer’s carbon emissions. Green Triangle Cement has already received the go ahead from the Kenya Bureau of Standards under the strength standardisation category of 22.5 even though the company has boosted its strength to over 27 to enable its application in a wider variety of construction projects. The new product aims at providing an alternativ... |
Lafarge Cement Zimbabwe expects to double cement production volumes in 202301 November 2022, Published under Cement NewsLafarge Cement Zimbabwe is planning to double its cement production volumes in 2023 following the expected 4Q22 startup of its new vertical roller mill. “The commissioning process of the VCM [vertical cement mill] started in the 2Q22. The company will essentially double its cement production capacity and improve raw material availability to the new dry mortar plant,” said Chairman Kumbirai Katsande. “The new VCM is anticipated to be fully operational by the 4Q22,” added Mr Katsande. ... |
BUA Cement 's revenue rises by 41% in 9M2231 October 2022, Published under Cement NewsBUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75.7bn as at 9M21. Profit before tax increased by 19.5 per cent to NGN88.8bn from NGN74.3bn as at 9M21. |