Cement News tagged under: East Africa

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Bamburi Cement Ltd changes to Bamburi Cement PLC

03 August 2021, Published under Cement News

Kenya-based Bamburi Cement Ltd has changed its name to Bamburi Cement PLC in compliance with the Companies Act 2015 following shareholders’ approval on 10 June 2021. The name change follows registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with 'public limited company' or the abbreviation 'plc'. 'The change of name applies only...

PPC Zimbabwe expects to repay legacy debt in FY22

23 July 2021, Published under Cement News

PPC Zimbabwe has acknowledged the receipt of US$11.2m under a legacy debts repayment facility. The company had accrued a US$21m debt due to cash flows generated in the country by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages. However, the cement producer’s debt repayments were boosted by a 2019 move from Reserve Bank of Zimbabwe to assume legacy foreign debts. The company has also announced that it expects to conclude repayments o...

JK White Cement installs plant in Kenya

22 July 2021, Published under Cement News

JK White Cement has installed a cement plant in Athi River, Kenya, to manufacture white cement, wall putty, plasters and tile adhesives. The company had been importing the product from the UAE in partnership with Plascon, but the local plant should offer it a competitive edge in the market. The unit launched operations in May and is reportedly part of plans to expand into regional African markets through Kenya and South Africa. While its plans to move into South Africa were delayed due t...

Lafarge Cement Zimbabwe to double cement capacity in 2022

14 July 2021, Published under Cement News

Lafarge Cement Zimbabwe (Holcim group) plans to double its cement milling capacity upon completion of the installation of a new vertical roller mill (VRM) in 2022. "The supply contract was signed in August 2020 and the manufacturing of the plant commenced the following month. Civil works for the VRM have since started and the expected completion date for the project is February 2022," Lafarge Cement Zimbabwe stated. The mill installation will be the last phase of a US$25m investment pl...

Dangote Cement considers Mtwara expansion

09 July 2021, Published under Cement News

Dangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager of Dangote Cement Tanzania. The plant currently has 3Mta of cement capacity, which has already inc...

Scaling up for growth

29 June 2021, Published under Cement News

Cement producers do not just manufacture cement, they need to sell it too. So what happens when a new equity partner invests in the company with a plan to increase factory output sixfold? How do you scale up for growth, increase market share and ensure that sales keep up with production volumes? By Transnova, South Africa. Rwandan cement producer cimerwa migrates from the distributor model to that of a delivered service to better manage sales volumes, customer loyalty programmes, m...

Cimerwa announces 14% rise in revenue

23 June 2021, Published under Cement News

Rwanda’s Cimerwa has announced a 14 per cent YoY increase in revenue to RWF30bn (US$30.07m) for the first half of the financial year, ended 31 March 2021. The company’s profit after tax also reached RWF1bn. "Despite the effects of the lockdown that went into effect during the first quarter of this year, we were able to record strong revenue and profit and maintain a healthy cash balance of RWF8.7bn. This speaks volumes on our resilience in the face of difficulties and challenges," said John...

Mozambique's cement price drop down to economics

22 June 2021, Published under Cement News

The fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters.   "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican people. We have been saying, with regard to cement and to other industries, that we have to assess th...

Huaxin Cement plans US$160m investment in African expansion

17 June 2021, Published under Cement News

Huaxin Cement plans to spend US$160m to purchase cement factories in Zambia and Malawi to expand its presence in Africa, according to a company statement. Huaxin Hainan Investment wants to buy a 75 per cent stake in Lafarge Zambia from French cement maker Financière Lafarge, which isa major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for US$112.5 m, said the Chinese cement company. It will also make compulsory cash offers to public stakeholders to buy up th...

Zambezi Portland Cement allows retail purchases direct from plant

09 June 2021, Published under Cement News

Zambia’s Zambezi Portland Cement has allowed the direct retail purchase of cement from its cement plant to reduce price exploitation in the market. The company’s CEO, Gomeli Litana, has said the company has a set price and that it was not interfering in price fixing on the retail market. "As a cement producing company, we do support not only large buyers but small scale consumers, you can come here and buy 100 or 200 bags," he said.