Cement News tagged under: Ethiopia

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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 ...

Ethiopian cement industry faces persistent challenges

06 August 2018, Published under Cement News

While the Ethiopian cement industry has expanded significantly and changed from being a net importer to a net exporter, the industry faces continued challenges, according to Haile Assegide, president of the Ethiopian Cement Producers’ Association in a key note address at the third annual East African Cement, Concrete and Energy Summit. A shortage of skilled manpower, lack of foreign currency and erratic power supply all continue to haunt domestic cement plants. Mr Assegide said that there ...

PPC expects profit increase in FY18

18 June 2018, Published under Cement News

South Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange...

Gunmen kill Dangote Cement's country manager in Ethiopia

17 May 2018, Published under Cement News

Deep Kamara, Dangote Cement’s country manager in Ethiopia, was killed by gunmen on Wednesday while returning to Addis Ababa from the facility which he managed in the country, according to Reuters. Reports suggest that Mr Kamara’s secretary and driver were also shot in the incident which occurred in the unstable Oromiya region. "The company’s director died following an attack by unknown gunmen that took place while he was returning to Addis Ababa from the factory alongside two company emp...

A strong domestic market drives Dangote's 1Q18 results

27 April 2018, Published under Cement News

This week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have been particularly strong rising by 5.3 per cent to 3.97Mt, while exports from the company’s homeland have risen to 211,000t in 1Q18 with Togo, Niger and Ghana the main export destinations. Pan-African sales increased 4.4 per cent YoY to 2.24Mt. "The first quarter of 2018 has started strongly with substantial increases ...