Cement News tagged under: Ethiopia
Sinoma signs US$600m industrial agreement with Sino-Ethiopian JV17 April 2023, Published under Cement NewsChina-based Sinoma International Engineering has signed a cooperation agreement with Sino-Ethiopian joint venture, National West Industrial Holding (NWIH) Building Materials Holding Co, to undertake a US$600m investment in an industrial park development project in eastern Ethiopia. Sinoma will undertake the engineering, procurement and construction works of the Melka-Jebdu industrial park development project, which includes a 6000tpd cement plant, along with metal and lime production plant... |
Abyssinia Cement ownership moves to ZayRide founders02 March 2023, Published under Cement NewsThe founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m.... |
Ethiopia introduces new cement price regulation19 September 2022, Published under Cement NewsEthiopia has announced a new cement price regulation to tackle the rising cost of cement products in the country. According to the Ethiopian Ministry of Trade and Regional Integration, the factory selling price for a quintal (100kg) of cement will now be between ETB510-683.44 (US$9.50-12.74). Cement factories in Ethiopia were initially asked to make price adjustments but the prices suggested were too high, prompting the ministry to establish a task force to study the production process and ... |
Ethiopian investor plans US$1bn cement plant24 August 2022, Published under Cement NewsWorku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested to lease 150ha of land for the construction of the plant, which is located around Dejene town, Amhara National Regional State, 230km away from the capital. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection and commissioning of the plant. “We hav... |
Dangote Cement's regional volumes fall by 11% in 1H2203 August 2022, Published under Cement NewsDangote Cement 's pan-African volumes reduced by 11 per cent to 4.9Mt from 5.5Mt in the 1H22 due to increased supply chain challenges and maintenance activities. The best-performing markets for the group were Ethiopia, Senegal and Tanzania. Ethiopia is one of the largest markets for Dangote Cement outside of Nigeria. The market remains short of supply as most plants are operating at very low capacity. Ethiopia's total market for cement was appproximately 2.7Mt in the first six mon... |
Ethiopia – today and tomorrow19 July 2022, Published under Cement NewsEthiopian cement demand has been relatively stagnant in recent years as the industry has faced challenges including low purchasing power and production constraints. Increased consumption during the pandemic years has been a silver lining and there is potential for further growth, but the biggest task ahead is keeping output in tune with demand. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India. While the Ethiopian cement market has been relatively stagnant, the future looks more prom... |
Ethiopia prohibits cement plants employing agents to sell cement12 May 2022, Published under Cement NewsThe Ministry of Industry in Ethiopia has directed cement factories to exclude agents from the market network ,and sell the product directly, according to Addis Standard. In a letter dispatched to 10 cement factories, the ministry asked the factories to indicate in a letter the names and number of agents they had excluded. State Trade Minister, Hassen Mohammed, told the news outlet that the ministry is working to shorten the commercial chain, adding that agents were one of the reasons ... |
Ethiopian plants warned to fast-track outstanding deliveries06 January 2022, Published under Cement NewsEthiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement. According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials." These factories, whic... |
DMC prepares power supply for new project02 September 2021, Published under Cement NewsEthiopia-based Derba Midroc Cement (DMC) and Sinohydro Construction Ltd have signed an ETB330m (US$7.24m) contract for a power expansion project that will allow the factory to double production and receive sustainable energy. The project to install the 132kV unit is expected to be completed within 14 months and will be supervised by Ethiopian Electric Power (EEP). DMC plans to begin production on its second production line within the next six months. It will have the same capacity as its f... |
Messebo Cement resumes operations24 March 2021, Published under Cement NewsEthiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa. |