Cement News tagged under: Ethiopia
Dangote Cement26 March 2015, Published under Cement NewsDangote Cement expects its new plant in Ethiopia to begin test production by the end of March this year with product ready to enter the market in late April/early May. The plant, which is located in West Shoa Zona, 85km from Addis Ababa, has a production capacity of 2.5Mta, making it the biggest of its kind in east Africa. Construction at the US$500m plant began in March 2012 with Sinoma International Engineering overseeing the works. Once completed the plant will produce OPC, PPC and spe... |
ASEC Engineering wins Ethiopian plant management contract11 March 2015, Published under Cement NewsASEC Engineering and Management, a subsidiary of Egypt's Qalaa Holdings (formerly Citadel Capital), has signed a plant management agreement with Ethiopia’s National Cement Share Company. The one-year contract is renewable for a five-year term, according to ASEC. It will provide full technical assistance to National Cement Share Company, one of the largest producers of cement in Ethiopia, for the operation and maintenance of the cement plant. The Egyptian firm will also utilise its know-... |
PPC03 February 2015, Published under Cement NewsPPC’s earnings in the six months to the end of March 2015 could tumble by between 25 and 45 per cent YoY, according to a recent company trading statement. Despite positive cement sales, consolidation of Safika Cement (South Africa) and growth in both Zimbabwe and Botswana, the operating environment in South Africa is expected to remain challenging in both 2015 and 2016. Much of the decline is blamed on weak economic growth and power shortages although increased competition is also taking its... |
Qatari group expresses interest in Ethiopian plant construction22 January 2015, Published under Cement NewsA Qatari business group led by Sheikh Fahad Ahmed M T Al Thani has expressed an interest in constructing a cement plant in Dire Dawa, Ethiopia, as part of a series of investments across various sectors in the African country. AllAfrica news reported that during a meeting with Ethiopia’s president Mulatu Teshome last week, Mr Al Thani said he had visited various investment sites and plans to launch four projects worth around US$500m including the cement plant. Mr Teshome stressed tha... |
Ethiopia: talks on 10-year industry development strategy23 December 2014, Published under Cement NewsDiscussions are being held by stakeholders on a draft 10-year cement development strategy for the development of Ethiopia’s cement industry. State Minister of Industry Mebrat Meles said the strategy will be aimed at boosting plant productivity and ensuring the availability of cement at affordable prices for low income earners. Representatives from domestic cement plants share this same view and vowed to realise the strategy, according to local press reports. Problems of limited capacity... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
PPC increases stake in Habesha, Ethiopia06 November 2014, Published under Cement NewsPPC has increased its shareholding in Ethiopian producer Habesha Cement Share Company to 51 per cent by acquiring the Industrial Development Corporation's (IDC) 20 per cent stake in the company for US$13m. In July 2012, PPC jointly acquired a 47 per cent stake in the Habesha Cement for US$21m, with PPC investing US$12m cash to obtain a 27 per cent stake in Habesha Cement and the IDC simultaneously investing US$9m for a 20 per cent equity stake. The balance of the shareholding is held by mo... |
Ethiopia: Chinese producers report tough market conditions20 October 2014, Published under Cement NewsEthiopia’s sudden slump in cement demand has left an oversupply situation with Chinese cement producers in the country reporting toughening market conditions. There is increased pressure on some companies to look at surrounding markets to meet their targets. Many local cement producers are having to look at exporting their output, for instance, to Somalia. Meanwhile, domestic cement prices have fallen from between ETN3000/t to 4000/t (US$150 to US$200/t) in 2011 to the current ETB2500. De... |
Holcim Awards 2014 winners for Africa Middle East announced in Beirut17 October 2014, Published under Cement NewsThe 12 winning projects of the Holcim Awards 2014 Africa Middle East have been announced in Beirut, with a green building in Turkey, an urban forest rehabilitation in Lebanon, and a low-cost housing plan in Ethiopia receiving the top prizes. The projects, which were recognised with a total of USD330,000 in prize money, focus mainly on enhancing social and environmental resilience, as well as the economy of construction, Holcim said in a statement. "The winning submissions show the developme... |
Ethiopian producer looks to secure electricity supplies23 September 2014, Published under Cement NewsEthiopia-based producer East Cement SC is seeking to increase its electricity supply as shortages have led it to operate at half of its production capacity. The company, which is headquartered in the Eastern Industry Zone, operates two production lines for the production of Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). Wei Watao, deputy general manager of the East Cement factory, told The Reporter (Ethiopia) that the company had settled a payment of some ETB60m ... |