Cement News tagged under: Ethiopia

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Lack of foreign currency impacts Mugher productivity

22 July 2019, Published under Cement News

A shortage of foreign currency is affecting the operations of Ethiopia-based Mugher Cement, according to Akalu Gebrehiwot, the company’s general manager. The company requires around US$3m annually for the procurement of spare parts for its cement plants. However, the Commercial Bank of Ethiopia and the National Bank of Ethiopia could not allocate more than US$0.5m due to the shortage of foreign currency that is currently affecting the country, said Mr Gebrehiwot. The company is carrying ou...

Ethiopian cement plants encouraged to turn to biomass

17 July 2019, Published under Cement News

The Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carbon emissions. Many of Ethiopia's 17 factories import coal from South Africa at a cost of US$220m annually. The  CCIIDD is working with the cement industry to replace foreign coal with local biomass. "If we can replace 40 per cent of the coal with the biomass, we can save up to US$88m per year," said Samuel Healala...

Dangote Cement clocks in with iris technology

11 June 2019, Published under Cement News

Dangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangote's operations in Nigeria, Ethiopia, Senegal, Sierra Leone and Republic of Congo will use the iris-ID system. The software is contactless and simply uses the coloured part of the eye surrounding the pupil to identify staff. According to Preasanna Kumar Burri, Dangote Group chief information officer, the traditi...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

Ethiopia: investing for a better future

08 April 2019, Published under Cement News

Ethiopia's cement capacity is in the ascent. The sector has raised its cement capacity to approximately 17Mta, but domestic cement demand was just under 9Mt in 2017. In the meantime local cement producers have turned to exporting, and last year the Ethiopian Cement Association announced the country had become a net exporter, supported by the reopening of the border with Eritrea and developed trade routes to Djibouti and Somaliland and Somalia. The country needs more large construction ...

Ethiopia: investing for a better future

05 April 2019, Published under Cement News

Ethiopia's cement capacity is in the ascent. The sector has raised its cement capacity to approximately 17Mta, but domestic cement demand was just under 9Mt in 2017. In the meantime local cement producers have turned to exporting, and last year the Ethiopian Cement Association announced the country had become a net exporter, supported by the reopening of the border with Eritrea and developed trade routes to Djibouti and Somaliland and Somalia. The country needs more large construction ...

Ethiopia launches new 2.25Mta cement plant

28 March 2019, Published under Cement News

Abay Cement has officially launched the construction of its plant in Dejen district of the Amhara region. The construction of the plant will cost ETB8.8bn (US$306m). Dr Ambachew Mekonnen, president of the Amhara regional state, as well as other government officials were present during the launching ceremony. The construction of the plant, which is estimated to take two years to complete and four more months to complete, will have a production capacity of 2.25Mta of cement. Abay Cement is e...

FLSmidth signs contract for 5000tpd Ethiopian plant

24 January 2019, Published under Cement News

FLSmidth has signed a contract with Abay Industrial Development SC for a greenfield cement plant near Dejen, Ethiopia. The order is valued at around EUR100m and includes the delivery of design and engineering, full equipment supply, automation systems, installation and commissioning, as well as training and extended supervision. The project is expected to be completed in the second quarter of 2022 and, once fully operational, will have a capacity of 5000tpd. "This greenfield plant will...

Dangote reports 15% rise in 9M EBITDA

23 October 2018, Published under Cement News

Dangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery....

Ethiopia-Eritrea border re-opening fuels cement trade

19 September 2018, Published under Cement News

Following the normalisation of Ethiopia-Eritrea relations and the reopening of the border between the two countries, cement trade is flourishing after two decades of stand-off. As of Wednesday 12 October, 4000-5000 quintals (400-500t) a day have been transported from Adigrat, some 900km north of Addis Abeba, to the border towns of Senafe, Adi Keyih and Dekemhare in Eritrea, according to business owners in Adigrat. Business activities in these areas has revived,” Angesom told Fortune. A ...