Cement News tagged under: Ghana

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Dangote Cement's regional volumes fall by 11% in 1H22

03 August 2022, Published under Cement News

Dangote 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...

Ghana sees cement price rise

16 June 2022, Published under Cement News

The price of a 50kg bag of cement in Ghana is to increase by more than GHS5 to reach GHS66 (US$8.30) from 15 June 2022. According to JoyBusiness, the country’s cement producers are hoping this will offset some of the costs of transporting the cement to other parts of Ghana. This comes on the back of a rise in production costs due not only to the increase in fuel prices affecting transportation costs, but also a recent depreciation of the Ghanaian Cedi. These challenges have been further c...

COCMAG calls on members to uphold cement sector integrity

26 May 2022, Published under Cement News

Cement manufacturers in Ghana are being urged to comply with fair trade practices in a bid to promote the cement industry and protect the integrity of the country’s construction sector. According to the Chamber of Cement Manufacturers Ghana (COCMAG), it is vital that intense competition in the country’s cement sector does not lead to unfair trade practices, such as the production of substandard cement, supplying underweight bagged cement, violating environmental protection matters at ports a...

HeidelbergCement buys 50% share in CBI

20 May 2022, Published under Cement News

HeidelbergCement has signed an agreement to acquire 50 per cent of shares of and invest into Continental Blue Investment SA (CBI) who controls the Ghanaian cement producer CBI Ghana .     With this step, the HeidelbergCement will take part in the construction of the world’s largest flash calciner. In addition, HeidelbergCement will strengthen its presence in Ghana through CBI’s cement grinding operations. The joint venture partners are committed to exploring additional calcined cl...

Norfund invests in Continental Blue Investments Ghana

06 May 2022, Published under Cement News

Norfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to reduce CO 2 emissions and increase job opportunities at its 0.55Mta Tema plant. Earlier this year CBI Ghana placed an order with FLSmidth to supply the world’s largest clay calcination installation . The facility is expected to reduce total CO 2 emissions by up to 20 per cent compared to current practices and by ...

Empire Cement Ghana denies producing cement without a permit

08 April 2022, Published under Cement News

Empire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers. Existing cement manufacturers in Ghana have also accused the new entrant of operating under unethical environmental conditions, reports Graphic Online. However, Empire Cement has denounced and discredited the accusations, saying it has not started producing cement at the factory for the open market. The co...

FLSmidth to supply World's largest calcined clay installation

31 March 2022, Published under Cement News

FLSmidth has won an order to supply CBI Ghana Ltd’s cement plant outside of Accra in southern Ghana with the world’s largest clay calcination installation. The facility will include the world’s largest gas suspension calciner system and a complete grinding station, adding another 120 per cent grinding capacity. Together with the new grinding station, the Swiss-owned company expects both financial and environmental return-on-investment from lower specific CO 2 emissions, energy- and f...

Ghana to look at regulating cement industry

16 March 2022, Published under Cement News

Ghana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ...

COCMAG calls on Ghana's government to cancel imported clinker Fumigation Levy

21 January 2022, Published under Cement News

The Chamber of Cement Manufacturers, Ghana (COCMAG) said the Fumigation Levy charged on imported clinker is having serious financial toll on cement production companies in the country and pushing cement production costs up. The Executive Secretary of COCMAG, Reverend Dr George Dawson-Ahmoah, who expressed the concern in an interaction with the media, said the local cement manufacturers were working frantically to avert the high cost of production to help reduce or maintain the price of ...

CIMAF to expand capacity with IFC, Proparco and EAIF financing

11 November 2021, Published under Cement News

CIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind...