Cement News tagged under: GHACEM

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Concerns over Ghana’s cement duopoly

22 June 2012, Published under Cement News

The World Bank has expressed its concern over the dominance of Ghana Cement Company (Ghacem) and Diamond Cement Company in the sale of cement in the country, local press report. The bank is worried that the two companies control more than 80 per cent of the market and suppress competition in the sector with negative consequences on the prices and supply of cement to the building and construction industry. It has therefore called for urgent steps that would liberalise the market “to eng...

Ghana facing cement shortage

23 May 2012, Published under Cement News

The Ghana market is facing a shortage of cement attributed to the closure of Diamond Cement Manufacturing company, which has resulted in prices being increased on the back of heightened demand. Last week, CemNet news reported that  Diamond Cement had stopped operations due to power issues due to a transformer being damaged during a recent thunderstom. Operations at the plant were said to resume shortly. Ghacem, the country’s leading cement producer and part of the HeidelbergCement grou...

GHACEM to raise capacity as demand thrives

17 January 2012, Published under Cement News

GHACEM, the leading cement producer in Ghana, has reported that domestic cement demand increased by a record 22 per cent last year  on the back of robust economic growth and oil activity, particularly in the western region of the country. Speaking at a GHACEM awards event, managing director Morten Gade, said his company is investing in expansion to improve capacity at both the Takoradi and Tema plants to meet rises in demand expected in 2012.  “GHACEM being mindful of the positive grow...