Cement News tagged under: Diamond Cement

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Bridge closures in Ghana raise cement prices

19 December 2017, Published under Cement News

The price of cement in Tamale, Ghana, has risen to GHS34-35 per bag (US$7-7.70 per bag), an increase of GHS3, on the back of a cement shortage due to bridge closures in the the Central Gonja District. The price hike is a result of Dangote requiring an alternative transport route and Diamond Cement halting production. The bridges are closed for major repair work to save them from further deterioration.

Côte d'Ivoire: Anyama grinding unit nears completion

06 December 2016, Published under Cement News

Oumar Tembely, the director and resident head of mission of the West African Development Bank (BOAD) in Côte d'Ivoire, led a delegation on Saturday to see the progress being made in its investment of Diamond Cement's new grinding station, located 40km from Abidjan, on the road leading to Adzopé. The construction of the Anyama plant started in January 2015. Currently, the rate of completion of work is estimated at 85 per cent. The end of the construction, which currently employs around 2...

Ghana: Diamond cement fears staff lay offs

05 December 2016, Published under Cement News

Diamond Cement is still considering its decision to lay off 50 per cent of the company’s staff over reports that it cannot sustain its operations, according to Citi Business News. Diamond cement has announced plans to reduce its staff strength by half by the end of November 2016. “We have not started laying off any of the real staff; we are now considering the situation. If nothing changes, then we will undertake the redundancy exercise,” the General Manager for Diamond Cement, Tati Ramara...

Ghana: Western Diamond Cement plant inaugurated

07 November 2016, Published under Cement News

President John Mahama inaugurated the new 1Mta Western Diamond Cement plant at Bokro on 4 November.  He said the decision of Western Diamond Cement to set up an ultra-modern cement factory in the western region will attract more investors into the country. Speaking at an inaugural ceremony of the factory in Bokro in the Ahanta west district, President Mahama said the US$50m plant is an indication of economic growth in Ghana. According to him, the plant is confirmation that Ghana is a con...

Ghana: Ministry on cement-trade-war alert

29 January 2016, Published under Cement News

Dr Ekwow Spio-Garbrah, Ghana's Minister of Trade and Industries, says his Ministry is undertaking a thorough evaluation of various interests in the current trade-war between local cement manufacturers and importers. Local cement makers are claiming cement imports from Nigeria and China are flooding the market, thus making their businesses uncompetitive. Dr Spio-Garbrah said the exercise, with references to price build-ups in other countries, should enable the ministry pronounce appropriatel...

Ghana cement producers' association formed

11 June 2015, Published under Cement News

Local cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd and Savannah Diamond Company Ltd. Dr George Dawson-Ahmoah, Strategy & Corporate Affairs Director o...

Cimaf inaugurates Ouadgadougou works

13 March 2015, Published under Cement News

Morocco’s Ciments de L’Afrique (Cimaf) is close to inaugurating its Ouagadougou plant in Burkina Faso. The 0.5Mta works represents an investment of XOF25bn (US$40m), according to local press reports. Cimaf will be able to double its capacity to 1Mta under the right market conditions and also export, according to the CEO of the group, Anas Sefrioiui. It is the fourth cement plant to start up in the west African country, after Diamond Cement (owned by India’s Wacem), HeidelbergCement’s C...

Diamond Cement’s new Congo works on track for 2Q15 start

14 July 2014, Published under Cement News

The construction of Diamond Cement’s plant in Mindouli in the Republic of Congo is now around 40 per cent complete and is on-track for completion in the second quarter of 2015.  The new works will have a cement production of 0.6Mta in the first stage, with the option to expand this to 1Mta. Once completed, Congo will have three cement works, including the 0.3Mta Sonnoc-based Loutété in Bouenza and Forspak’s 0.3Mta Dolisie Niari works. At Hinda, in the department of Kouiou, a further ce...

Ghacem responds to World Bank comments

28 June 2012, Published under Cement News

Ghana’s leading cement producer, Ghacem, has refuted a report by the World Bank that the company is enjoying dominance over the domestic construction sector. The World Bank is reported to have expressed concerns over the control of Ghacem and Diamond Cement over the local building sector, thus suppressing competition which is having a negative impact on cement prices and supply. However, Ghacem’s strategy and corporate affairs director, Dr George Dawson-Ahmoah has denied these criticis...

Concerns over Ghana’s cement duopoly

22 June 2012, Published under Cement News

The World Bank has expressed its concern over the dominance of Ghana Cement Company (Ghacem) and Diamond Cement Company in the sale of cement in the country, local press report. The bank is worried that the two companies control more than 80 per cent of the market and suppress competition in the sector with negative consequences on the prices and supply of cement to the building and construction industry. It has therefore called for urgent steps that would liberalise the market “to eng...