Cement News tagged under: Ghana

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Dangote revenues boosted by new capacities

18 May 2015, Published under Cement News

Dangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a...

Savanna looks to mine limestone in forest reserve, Ghana

11 May 2015, Published under Cement News

Savanna Cement Co Ltd has applied to the country’s authorities to be granted a 49.98km 2 concession in the Yakombo Forest Reserve, Central Gonja District, Ghana, to mine limestone deposits in the area. The proposed limestone mining project will be undertaken on a 2.68km 2 area within the 49.98km 2   concession as the limestone deposits are scattered within the area. Savanna Cement, which uses local materials to produce cement at Buipe, has conducted an Environmental Impact Assessment (EI...

Savanna Diamond Cement launches new Ghana plant

14 April 2015, Published under Cement News

Savanna Diamond Cement Co Ltd (SDCL) launched operations of its 0.44Mta cement factory in Buipe, in the northern region of Ghana. The new US$90m project was officially inaugurated by President John Mahama of Ghana. SDCL's new 0.44Mta integrated factory is officially launched in the presence of President John Mahama of Ghana. (Picture source: Flickr) The SDCL plant is a fully integrated process, using limestone mined in Buipe. It is served through a partnership with GRIDCo b...

Power crisis reduces Ghacem output

15 December 2014, Published under Cement News

Ghana’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...

Ghana: Dangote sets retail price reduction deadline

21 October 2014, Published under Cement News

Dangote Cement says it expects all retailers of its cement to reduce the price by GHS2.70 by Friday, 24 October following concerns that retailers have failed to cut prices after a reduction announced by the cement producer. Dangote reduced its price on 9 October, the day after Diamond Cement and Ghacem cut their prices by GHS2 following the gradual appreciation of the credit agains the US dollar. Speaking to Citi Business News, Dangote’s sales and marketing manager, Joeseph Kobina Abu...

Dangote reduces Ghana prices on cedi appreciation

15 October 2014, Published under Cement News

Dangote, has reduced prices of its cement by GHS2.70 following the gradual appreciation of the Cedi against the dollar and other major international trading currencies. Joeseph Kobina Abu, sales and marketing manager of Dangote Cement Ghana Ltd said the company has  reduced "the price from GHS30.75 to GHS28.05 “. The reduction took effect on 9 October 2014. GHACEM had also reduced its ex-factory price from GHS30.55 to GHS27.965/50kg bag, effective Tuesday, 7 October.

GHACEM cuts prices on appreciation of cedi

08 October 2014, Published under Cement News

GHACEM, 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 fall

01 October 2014, Published under Cement News

If 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...

Ghana to expand Tema harbour terminal

30 September 2014, Published under Cement News

Ghana’s government is expected to soon embark on a terminal expansion project at Tema harbour to enable the bulk intake of clinker for cement producers. The US$122m project is scheduled for completion in 4Q15 and should provide Ghacem with the necessary space to accept delivery of raw materials. Amandi Construction is expected to carry out the project, which will cover an area of 400x50m, sufficient to create the room for cargo ships delivering clinker to berth at the port and providing a...

Ghana: Dangote Takoradi and Tema plants to halt shortages

08 July 2014, Published under Cement News

Following news of Ghana's difficulties to keep up with cement demand, Tajudeen Sijuede, vice chairman of Dangote Cement Ghana, has acquired the land rights for a new 1.5Mta grinding and bagging plant in Takoradi, western region.   This facility will complement the company's recently-completed grinding unit in Tema, which is ramping up to its 1.5Mta capacity. Mr Sijuede said: “We are establishing another clinker-grinding plant at Takoradi with capacity of additional 1.5Mta, which will b...