Cement News tagged under: Cimtogo

RSS feed

Cimtogo increases delivery prices

04 August 2022, Published under Cement News

From August, HeidelbergCement -owned Cimtogo will increase its delivery costs. "The commercial management has decided to revise upwards the delivery prices of our products throughout the territory in order to ensure the continuity of your activity in the best conditions", informs the note signed by the main directors of Cimtogo. The company will increase its distribution cost tariffs by 15 per cent at the Lomé and Kara plants from 1 August, said the company in a memo. The main reason ...

Soaring freight rates prompt cement sector reaction

29 October 2021, Published under Cement News

This week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri...

Cimtogo raises price due to input price pressures

18 October 2021, Published under Cement News

HeidelbergCement subsidiary Cimtogo will increase its cement price by XOF6000/t (US$10.60), according to Republic of Togo. “This adjustment became necessary following a 250 per cent increase in fuels for the Scan Togo plant and an increase of more than US$35 per tonne in sea freight on gypsum and coal. In the current international context, it is no longer possible to maintain the old prices,” explained Eric Goulignac, CEO of Cimtogo on Saturday.

Cimtogo signs US$30m contract with Ayoki

09 January 2020, Published under Cement News

Togo-based cement producer Cimtogo has signed a US$30m contract with Ayoki to extend its cement capacity by 1Mta to 2Mta, reports ActuDaily. The project is expected to generate 200-300 jobs. "With this investment, the HeidelbergCement Group believes in the prospects of the Togolese economy and continues to contribute to its development with the transformation of national resources, as part of the NDP,” said Eric Goulignac, HeidelbergCement’s country manager. The capacity expansion project...

HeidelbergCement plans to invest EUR25m in Togo

11 April 2019, Published under Cement News

HeidelbergCement intends to invest EUR25m (US$28.2m) in its Togolese subsidiaries Cimtogo, Scantogo and Granutogo, according to Eric Goulignac, the company’s managing director in the country. The investment programme, which will be submitted to the company's Germany-based board, includes the installation of a new grinding unit in Lomé and a solar photovoltaic plant to power its plants, reported Ecofin Agency. Cimtogo reported a net benefit of EUR3.7m in 2017, while Scantogo posted a net ...

Togo: foundation stone laid for new 0.2Mta cement works

16 January 2015, Published under Cement News

On 14 January the foundation stone for a new cement plant in Togo was laid in the presence of the country’s president, Faure Gnassingbé. The 0.2Mta Cimtogo-Kara works, located at Awandjélo, in the region of Kara and 420km north of the capital Lomé, represents an investment of US$15m by Scantogo, a subsidiary of Germany’s HeidelbergCement. The facility is expected to come online in two years’ time and supply product to the domestic market. Earlier, HeidelbergCement built a US$250m clin...