Cement News tagged under: Ghana

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Court halts production at Empire Cement

23 November 2022, Published under Cement News

The Accra High Court in Ghana has put an injunction in place preventing Empire Cement from continuing cement production at its plant in McCarthy Hill or in any other location. According to the court, the injunction will remain in place until a lawsuit by the McCarthy Hill Residents Association is finalised. Justice Boampong announced the ruling after he upheld an interlocutory application by the association, reports Graphic Online, adding that Empire Cement could not prove that it had t...

Dangote sees revenue advance 15% YoY in 9M22

01 November 2022, Published under Cement News

Dangote Cement has reported group revenue of NGN1177.3bn (US$2.68bn) in the first nine months of 2022, up 15.2 per cent YoY. Group EBITDA over the same period advanced by 0.2 per cent to NGN515.9bn, with an EBITDA margin of 43.8 per cent. Profit after tax fell 23.4 per cent YoY to NGN213.1bn, mainly due to exchange losses from the depreciation in the CFA and cede. Group sales volumes in the 9M22 came in at 20.8Mt, down 6.2 per cent YoY. “To mitigate the impact of significant increase in ...

Ghana cement prices rise again

25 October 2022, Published under Cement News

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr...

Empire Cement Factory under fire from local residents

23 September 2022, Published under Cement News

The Empire Cement Factory (ECF) in Ghana is coming under pressure from local residents who claim the company is failing to adhere to the Environmental Protection Agency’s (EPA) directive to cease operations. According to The Ghanaian Times, instead of halting operations, the plant is believed to have started production of cement “at an alarming and accelerated speed,” said Eddie Quaynor, chairman of the McCarthy Hill Residents’ Association in Accra. Three silos are believed to have be...

Dzata Cement calls for raw material VAT waiver

06 September 2022, Published under Cement News

Ghana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip Archer, instability in the local currency had significantly pushed up cement producers’ operating costs and this would result in cement producers passing on the cost to consumers as higher cement prices. Nana Archer said the company also paid fumigation levy on its imports, whereas vessels that brought in the semi-fi...

Ghana raises cement prices

05 September 2022, Published under Cement News

Cement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in raw material costs has caused a sudden rise in production costs, particularly from July this year, leading to the price increase, reports Pulse. According to Joy News, Ghacem ’s Extra brand is now selling at GHS72.9/50kg bag.

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...