Cement News tagged under: East Africa
EAPCC announces 10% price cut20 July 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director... |
PPC revenue growth supported by rest of Africa cement business08 June 2017, Published under Cement NewsPPC reported that group revenues for the year ending March 2017 rose by five per cent to ZAR9641m (US$750m). The growth was supported by the rest of Africa cement business where revenues rose by nine per cent, and the aggregates and ready-mix segment which saw revenues increase by 23 per cent. Group EBITDA decreased by 13 per cent to ZAR2065m while the EBITDA margin achieved was 21.4 per cent (March 2016: 26 per cent). The decline was mainly attributable to the southern Africa cement seg... |
Sika opens new production facility in Tanzania07 June 2017, Published under Cement NewsSika is setting up production in Tanzania and is opening a concrete admixtures factory. Sika is the first company to manufacture these products locally. Plans are already being made to add a mortar products manufacturing line. The company's aim in establishing a local supply chain in the East African state, which has a population of 50m, is to benefit from planned investments in infrastructure. Paul Schuler, Regional Manager EMEA and designated CEO: "By establishing a new concrete admixtu... |
Tanga confident on improving market conditions09 May 2017, Published under Cement NewsTanga Cement has said it is upbeat that the market challenges faced last year are coming to an end thanks to a growing domestic economy and the launch of mega-infrastructure projects. The company's Board Chairman, Lawrence Masha, told the 'Daily News' at the sidelines of the company’s AGM that it is optimistic that cement sales would rebound after a slowdown caused by intense competition. Last year, revenue dropped by 20 per cent in 2016 to to TZS166.9bn (US$74.6m) due to heightene... |
FLSmidth signs cement grinding plant contract in Rwanda12 April 2017, Published under Cement NewsFLSmidth confirmed it has signed a contract with Prime Cement Ltd for engineering, procurement and supply of equipment for a full-scope cement grinding plant with a capacity of 700,000tpa. The plant will be located in Musanze, Rwanda. The contract will become effective when FLSmidth receives a down-payment from the customer, which is expected to happen later in 2017, the company said in a statement. "This is a milestone project for FLSmidth, being the first OK TM vertical roller mill to be... |
Lafarge Zimbabwe returns to full-year profit04 April 2017, Published under Cement NewsLafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the same period of the previous year. Revenues in 2016 rose marginally to ZMD61m from ZMD60.9m as volum... |
Tanzania: Moshi plant ordered to halt operations on pollution concerns29 March 2017, Published under Cement NewsMoshi cement factory has been ordered to halt operations over environmental pollution concerns, with the Tanzanian government demanding the implementation of the National Environment Management Council’s (NEMC’s) recommendations. January Makamba, minister of state in the Vice President’s office, Union and Environment, ordered the immediate closure of the factory, stating: "This factory should from effective today halt operations pending implementation of NEMC recommendations on environment... |
Kenya: ARM will look to improve margins13 September 2016, Published under Cement NewsARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for its new clinker plant. Managing Director, Pradeep Paunrana, told Reuters that the new 1.2Mta clinker plant has only been operating at about 75 per cent capacity since production began in April. "What this essentially means is that our production cost has come down drastically because imported clinker is much more expen... |
PPC eyes longer-term growth outside of Africa16 March 2016, Published under Cement NewsPPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16. In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc... |
Double-digit growth in Kenyan demand and output28 April 2015, Published under Cement NewsKenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27 per cent from the 5.05Mt recorded a year earlier. Cement consumption in 2014 stood at 5.19Mt from 4.26Mt in 2013, rising by 22 per cent YoY. East African Portland Cement Co managing director, Kephar Tande, said the growth in demand of cement will continue due to the ongoing infrastructural projects. “Infrastructural projects have played a big part in the growth in demand of cement and will c... |