Cement News tagged under: Democratic Republic of Congo
Kinshasa cement price increases28 March 2022, Published under Cement NewsThe price of cement in Kinshasa, Democratic Republic of Congo, has increased to CDF22,000 (US$11.02) from CDF17,500 a week ago. The increase has been attributed to the strong demand in the market and localised shortages. In Kasai Central province the Kalamba Mbuji-Kananga road has become impassible and SNCC has seen operational challenges. |
DR Congo sees cement price hike after reintroduction VAT21 March 2022, Published under Cement NewsThe price of cement in central Democratic Republic of Congo has increased from COF15,500 (US$7.70) to COF21,210 from 17 March, according to local news sources. The hike follows an agreement between the provincial division of the Ministry of Economy, representatives of three cement companies in central DRC and cement suppliers after days of discussions. Corneille Mukuni Mukuni, the head of the provincial division of the Ministry of Economy explained the price rise as the reintroduction of ... |
East African Cement Co looks to DR Congo for increased cement sales31 January 2022, Published under Cement NewsEast African Portland Cement Co (EAPCC) is looking to target cement sales in the Democratic Republic of Congo (DRC). “In the past 10 years, EAPCC has been missing from the infrastructural agenda due to competition among other challenges. Now we have come up with a five year strategic plan as we want to revamp our operations,” said Oliver M Kirubai, managing director at the EAPCC. “We are targeting the East African market, including the DRC. We are getting inquiries from Rwanda as well.” ... |
PPC Barnet posts positive 1H21 results30 November 2021, Published under Cement NewsPPC Barnet in the Democratic Republic of Congo (DRC) announced that nearly 230,000t of cement were produced in the second quarter of 2021. The company operates a 1.2Mta integrated cement plant, representing a US$300m investment. Sales volumes in the key central market were up six per cent YoY. This has enabled the company to open warehouses in the central location of Kinkole, as well in Zongo, northern DRC, and Ilebo, southern DRC. Iqbal Omar, CEO of PPC Barnet DRC, said: “These first si... |
Cement price stabilises in Lubumbashi22 October 2021, Published under Cement NewsThe price of grey cement in Lubumbashi, Democratic Republic of Congo, is stabilising at CDF15,000-16,000/bag (US$7.58-8.09), when compared with CDF20,000-25,000 in previous years, according to ACP, the Congolese press agency. The trend is due to an increase in domestic cement production from CARRILU and Grande Cimenterie du Katanga, which came online 10 months ago. In addition, the market supply is supplemented by imports from Zambia. |
Great Lakes Cement prepares for June start-up11 March 2021, Published under Cement NewsLi Xing Jun, managing director of Great Lakes Cement, said he expected production at the cement plant in Kabimba, Democratic Republic of Congo, to start in June 2021, following rehabilitation of the facility, according to Agence Congolaise de Presse. A joint team of Great Lakes Cement staff and the National Electricity Company have been working on the start-up of power supply of the plant, which is part of the rehabilitation of the Kalemie-Kabimba power line. |
Ugandan exports to DR Congo up 30% in 2019-2001 February 2021, Published under Cement NewsExports of cement from Uganda to the Democratic Republic of Congo (DRC) have increased by 27,000t in the last two years, according to Israel Tinkasimire, Hima Cement’s commercial director. The increase represents a 30 per cent expansion and has created an alternative market for Ugandan cement companies since Rwanda considerably reduced its intake of Ugandan cement in February 2019, when Kigali closed the country’s borders. Cement exports in the FY19-20 declined to US$59.9m compared to US$6... |
Cement price in DRC jumps to US$3326 January 2021, Published under Cement Newsn the last two months, the price of a bag of cement increased from US$23 to US$33 in Mbuji-Mayi, Kasai Oriental province, Democratic Republic of Congo. Dominique Ilunga, provincial director of the Fédération des Entreprises du Congo (FEC), explains: “We have a supply problem at the moment. We believed that with the Ndomba route, supplies could be regular, but unfortunately, we were still stuck with the difficulties of water level and dredging and beaconing on this route so that fluctuation... |
PPC delays FY20 earnings results30 September 2020, Published under Cement NewsPPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do... |
DR Congo orders cement imports16 September 2020, Published under Cement NewsThe Minister of Foreign Trade of the Democratic Republic of Congo, Jean Lucien Bussa, has ordered the import of 100,000t of cement from the Republic of Congo as domestic supply falls short of volumes needed, according to Desk Eco. “Following our discussions on 24 August 2020 in Brazzaville, Republic of Congo, I make it my duty to inform you that I have just authorised the import, into the Democratic Republic of the Congo, of 100,000 tonnes of grey cement from the Republic of Congo. This is... |