Cement News tagged under: East Africa
Bamburi Cement to cease producing OPC13 December 2023, Published under Cement NewsBamburi Cement ( Tororo Cement ) will cease production of ordinary Portland cement (OPC) within its product line from 1 January 2024, as part of the company’s commitment to decarbonise its operations and provide a greener option of building materials. This landmark commitment, which comes amid the ongoing 2023 United Nations Framework Convention on Climate Change (COP28) in the United Arab Emirates, will accelerate one of its 2030 sustainability targets to have 100 per cent green produc... |
East Africa Portland Cement Co announces new clinker line project06 December 2023, Published under Cement NewsEast Africa Portland Cement Co (EAPCC) is planning a KES30.53bn (US$200m) clinker line in Kajiado county, Kenya. The plant, which will have a clinker capacity of approximately 5000tpa, will be located on a 300-acre greenfield site. EAPCC ( Holcim Group ) says the clinker will be used for cement production in the domestic market with the surplus being exported to neighbouring countries. Clinker produced at the company’s Athi River factory is not of a high enough standard at present w... |
Bamburi Cement builds two solar power plants04 December 2023, Published under Cement NewsBamburi Cement is building two solar photovoltaic power plants, which will provide up to 30 per cent of the cement producer’s total power requirement. According to Market Screener, this marks the largest commercial solar project ever initiated by a cement company in Kenya. The project with MOMNAI Energy Ltd, an independent power producer, will include two plants with capacities of 14.5MW and 5MW, located in Bamburi’s Mombasa and Athi River sites, respectively. Mohair Kapoor, CEO, B... |
Karsan Ramji signs geothermal power deal01 December 2023, Published under Cement NewsKenya-based Karsan Ramji and Sons , which produces Ndovu Cement, has signed a 20-year deal with the country’s state-owned geothermal developer Geothermal Development Company (GDC). Under the agreement, GDC will provide Karsan Ramji with 40tph of steam from which the cement producer will generate power using a 4MW wellhead generation unit. Karsan Ramji will also use the geothermal heat for a 700tpd drying unit. This marks the first time in Kenya that an industrial player and manufacturing fi... |
Lemi National Cement expected to see inauguration in March 202429 November 2023, Published under Cement NewsConstruction of Lemi National Cement Factory in Ethiopia is 70 per cent completed and the plant is expected to be inaugurated in March 2024. Owned by a joint venture of West International Holding, the African business of West China Cement and East African Holding Co, the 8Mta cement plant is being built at Lemi Building Materials Industrial Park, some 150km north of Addis Ababa. The project represents an investment of US$600m. Buzuayehu Adele, chairman of East African Holding Co, announc... |
Zimbabwe import licence scheme drives down prices23 November 2023, Published under Cement NewsOn 10 November 2023 CemNet reported on how the Zimbabwean government has issued cement import licences to ensure supply while two of the country’s leading cement producers dealt with production issues. According to The Herald, the scheme is already bearing fruit with imports of 149,000t of cement not only helping to clear the backlog of demand, but also driving down cement prices in the country. The government reportedly approved 665 applications for cement imports from manufacturers, ... |
Aggregate Industries appoints group strategy and commercial growth director23 November 2023, Published under Cement NewsAggregate Industries , part of Holcim , has appointed Kaziwe Kaulule as its new group strategy and commercial growth director. With a career spanning over 19 years with the Holcim Group, Mr Kaulule brings extensive experience to the role, including operations, digital transformation, business development, and mergers and acquisitions. His most recent role was as chief executive officer (CEO) at Lafarge Industries South Africa . He has also served as CEO at Lafarge Cement Zimbabwe and h... |
PPC reports 21% advance in revenue in 1HFY2421 November 2023, Published under Cement NewsPPC has posted revenue of ZAR6172m (US$335.2m) in the 1HFY24 (ended 30 September 2023), up 20.9 per cent YoY. EBITDA advanced from ZAR728m in the 1HFY23 to ZAR1069m in the same period a year later, while the EBITDA margin advanced three percentage points to 17.3 per cent. Capex over the six-month period came in at ZAR220m. Operating profit improved from ZAR273m to ZAR675m. In the 1HFY24, the South Africa and Botswana business contributed 57 per cent of group revenue (1HFY23: 68 per cent... |
PPC sells Cimwera to National Cement Holding Ltd for US$42.5m20 November 2023, Published under Cement NewsPPC Ltd has completed the sale of its 51 per cent stake in Rwandan cement producer Cimerwa to National Cement Holding Ltd for a cash consideration of US$42.5m. The deal is a significant step in PPC's strategic shift to focus on its southern African operations and improve its financial leverage. The share transfer is set to take place seven business days after the necessary conditions are met, including notifications and clearances from the Common Market for eastern and southern Africa (... |
Holcim exits Uganda and Tanzania15 November 2023, Published under Cement NewsHolcim has signed agreements to divest its businesses in Uganda and Tanzania. It has agreed to sell Hima Cement Ltd , its local subsidiary in Uganda, to the Sarrai Group, for an enterprise value of US$120m. Holcim has also agreed to sell its 65 per cent share in Mbeya Cement Co Ltd in Tanzania to Amsons Group for an undisclosed sum. Completion of both transactions is subject to obtaining the respective regulatory clearances. Martin Kriegner, regional head Asia, Middle East and A... |