Cement News tagged under: Democratic Republic of Congo

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Kinshasa cement prices sees 11% hike

05 August 2019, Published under Cement News

The price of a bag of grey cement in Kinshasa, Democratic Republic of Congo, has increased to CDF15,000 (US$9.08) from CDF13,500, according the national press agency ACP. The price rise, which applies to domestically-produced and imported cement, is the result of an increase in demand as Kinshasa province is currently subject to a housing boom and the implementation of President Félix Antoine Tshisekedi Tshilombo emergency programme, which include the rehabilitation of the capital road net...

Cement demand in DR Congo soars to 1.8Mt in 2018

12 July 2019, Published under Cement News

Cement consumption in the Democratic Republic of Congo continued to surge in 2018 to 1,825,757t, up has from 881,733t  in 2017 and from 229,967t in 2016, according to provisional data from the Central Bank of Congo (BCC). There were no exports, continuing a trend started in 2016 as export volumes continued to dwindle. Likewise, cement production in the central African country has rapidly increased in the last few years. In 2018 output reached 1,842,782t. A total of 899,533t of cement was p...

Kinshasa cement price declines 19%

06 June 2019, Published under Cement News

The price of grey cement in Kinshasa, Democratic Republic of Congo, has fallen by 19.4 per cent to CDF13,300 (US$8.07) currently from CDF16,500/50kg bag in April, according to the Congolese press agency, ACP. The price drop has been attributed to supply currently exceeding demand. However, in the east of the country the supply of cement is significantly lower with only two plants in operation. A third is in the process of being rehabilitated.

China National Building Materials (CNBM)

01 April 2019, Published under Cement News

China National Building Materials (CNBM) has reported consolidated operating revenue of CNY218bn (US$32.39bn) in 2018, up 18.9 per cent YoY. Profit for the year came in at CNY14m, compared to CNY9.79m in 2017, while basic earnings per share advanced by 63.3 per cent YoY to CNY0.956.  Last year saw sales of cement and clinker by the group fall by 2.1 per cent YoY to 369Mt, while sales of commercial concrete advanced by 3.7 per cent to 96Mm 3 . Sales volumes of aggregates increased by 14.7 ...

Sinoma reportedly seeking finance for new DR Congo plant

13 March 2019, Published under Cement News

CNBM’s Sinoma Overseas Development Co is reportedly seeking project finance for a cement plant in Tanganyika, Democratic Republic of Congo. In January the company signed an EPC contract with Interlaces SA for a 3500tpd plant. The outlined project includes mining, three cement production lines, a biomass power station as well as packaging and delivery systems. According to Inside International Industrials, the project will be slightly larger than one completed by Sinoma International Enginee...

DR Congo cement demand up 2% at end June 2018

14 December 2018, Published under Cement News

Cement production in the Democratic Republic of Congo (DRC) at the end of June reached 377,980t, according to the country’s statistics office. This compares with an output of 376,342t in the same period of 2017. Demand for cement in the DRC at the end of June rose 1.6 per cent YoY to 539,474t from 530,820t in 2017. Consumption is entirely being met by local production following a import ban. Any surplus of domestic output is exported to neighbouring countries. The price of cement in the ...

South Korean investors looking at DRC limestone deposit

22 October 2018, Published under Cement News

A group of South Korean investors visited the Bakwa Tshiluila limestone deposit in Kasai Oriental province, Democratic Republic of Congo (DRC). Their mission was to carry out feasibility studies in cement production, diamond mining and agriculture. Investors were interested in the quality of limestone but reportedly voiced concern over the power supply to the area.

PPC expects profit increase in FY18

18 June 2018, Published under Cement News

South Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange...

PPC

26 April 2018, Published under Cement News

PPC is reportedly in talks with China National Materials Co (Sinoma) over the sale of a majority stake in PPC’s operations in the Democratic Republic of Congo. Over the last five years, PPC has invested ZAR12bn (US$995m) in new capacity, taking the company into Ethiopia as well as the Democratic Republic of Congo. However, an oversupply of cement in Congo has led to what PPC describes as a “challenging” time in the country, forcing it to negotiate a debt holiday with lenders. It is now lo...

PPC considers expansion and possible sell-off in DR Congo

09 April 2018, Published under Cement News

PPC Ltd's Chief Executive Officer, Johann Claassen, has vowed to boost liquidity and extend debt maturity and he's eyeing future expansion for the company in east and west Africa. New investment would follow a ZAR12bn (US$995m) outlay on five plants in the past five years, which took PPC into countries such as Ethiopia and the Democratic Republic of Congo. All are now in operation and generating cash, said Mr Claassen, allowing the company to consider new facilities. "We had to ste...