Cement News tagged under: GHACEM
Power crisis reduces Ghacem output15 December 2014, Published under Cement NewsGhana’s largest cement producer, Ghacem, said that ongoing power cuts to manufacturing industries have “significantly” reduced its output, leading to concerns on supply shortages and a potential rise in prices. The Electricity Company of Ghana (ECG) earlier this month announced that it is cutting power supplied to industries by as much as 25 per cent to create an artificial reserve margin to stabilise the power sector, which it said is under immense pressure to meet rising demand. Under the... |
GHACEM cuts prices on appreciation of cedi08 October 2014, Published under Cement NewsGHACEM, the leading cement producer in Ghana, has reduced the price of cement following the recent appreciation of the cedi against major international currencies. The ex-factory price of its 50kg cement bag has been reduced from GHS30.55 to GHS27.965, effective Tuesday, 7 October. The Ghanian cedi experienced a free fall against the major trading currencies, depreciating about 30 per cent to the US dollar in the first half of 2014. The situation has impacted on imported goods across ma... |
Ghana cement prices expected to fall01 October 2014, Published under Cement NewsIf Ghana’s cedi continues to stabilise, prices of cement can be expected to fall, according to Morten Gade, managing director of Ghacem. Cement prices have increased rapidly in 2Q14 as erratic power supply and the depreciation of the cede against major foreign currency impacted on the value and availability of cement in the west African country. However, recent weeks have shown an appreciation of the cedi against major foreign currencies, prompting the call for a decrease in general g... |
Ghacem denies any responsibility for cement shortage07 July 2014, Published under Cement NewsResponding to the local reports on Ghana's possibility of facing a cement shortage, Ghacem has refused suggestions that it has reduced production. The company has denied speculation that it had contributed to any shortage and claims that it currently has an output of 58,000t of cement per week. In an interview with the company’s strategy and corporate affairs director, Dr George Dawson-Ahmoah, said Ghacem was currently facing two challenges in attempts to arrest the shortage. It identif... |
Ghana: GHACEM urged to source local raw materials19 December 2013, Published under Cement NewsGHACEM which produces about 60,000t of cement every week sources just about 25 per cent of its raw materials in Ghana, but the government has targeted the producer to source 50 per cent of its raw material locally. Strategic and Corporate affairs manager of GHACEM, Dr George Dawson Amoah, told Citi Business News, this could be a daunting task as the major problem is the availability of the raw material in Ghana. “The raw materials; the major part is the clinker which is imported. I sha... |
Ghana: Ghacem cement to regions in need of development13 December 2013, Published under Cement NewsGhacem has donated 16,000 bags of cement to schools and hospitals which were drawn from the Upper East, Upper West, Northern, Ashanti and Brong Ahafo regions. The list of beneficiaries includes about 137 health and educational institutions in deprived communities in northern Ghana. The Managing Director of Ghacem, Mr Morten Gade, in a keynote address, said it was the objective of the Ghacem Cement Foundation to support self-help initiatives to speed up the development of the country. The do... |
Ghana: Ghacem makes cement donation31 December 2012, Published under Cement NewsThe Ghacem Cement Foundation (GCF) has given 17,500 bags cement to communities in the Northern Sector of Ghana to help boost infrastructural development. The donation, which took place last Friday in Tamale, formed part of the last two distributions by the foundation, this year. The Southern Sector, which comprises the Western, Central, Greater Accra, Eastern and Volta regions, was the first to receive the cement at a ceremony held in July, this year at Cape Coast. Delivering the keynote a... |
HeidelbergCement commissions new grinding plant in Ghana04 December 2012, Published under Cement NewsHeidelbergCement has commissioned a new cement mill with a 1Mta capacity at its Tema cement grinding plant in Ghana. HeidelbergCement’s new 1Mta grinding mill in Tema, Ghana Ghacem, a subsidiary of HeidelbergCement, operates two cement grinding plants in the coastal cities of Tema and Takoradi, Ghana. With the commissioning of the new mill, Ghacem has increased its cement grinding capacity to 3.7Mta. Capital expenditure for the new project amounted to €16m. With around 300,00... |
Ghacem to commission new mill by year-end, Ghana17 July 2012, Published under Cement NewsGhana’s leading cement producer Ghacem is to commission an additional 1Mta mill this year at its Tema Factory in November this year, according to the company’s managing director Morten Gade. Speaking at the company’s 2011 Workers Performance Appraisal Awards Ceremony, Mr Gade said that last year Ghacem produced 2.55Mt of cement and, of which its Tema plant accounted for 1.3Mt and the Takadori plant 1.25Mt. A new 1Mta mill will also be constructed at the Takordori works in 2013, Mr Gade no... |
Ghacem responds to World Bank comments28 June 2012, Published under Cement NewsGhana’s leading cement producer, Ghacem, has refuted a report by the World Bank that the company is enjoying dominance over the domestic construction sector. The World Bank is reported to have expressed concerns over the control of Ghacem and Diamond Cement over the local building sector, thus suppressing competition which is having a negative impact on cement prices and supply. However, Ghacem’s strategy and corporate affairs director, Dr George Dawson-Ahmoah has denied these criticis... |