Cement News tagged under: Ghana

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Ghana: Western Diamond Cement Ltd launches product on Takoradi market

09 November 2015, Published under Cement News

Western Diamond Cement Ltd has launched its cement under the brand name ‘Diamond Cement’ on the Takoradi market in Ghana. The company, which produces cement in a vertical kiln, will produce 42.5 and 32.5 grade cement. Buddarajo Roju, quality control manager at Western Diamond Cement Ltd, explained that the company is part of Diamond Cement Group Ltd located at Bokro in the Ahanta West district of the Western Region and has branches at Aflao in the Volta Region and Buipe in the Norther...

Ghana's cement producers seek protection

03 September 2015, Published under Cement News

Ghana's cement producers are under pressure from cheap Chinese imports of bagged cement. The domestic producers have been supported in their struggle by a customs review of the cost and freight value of imported cement which have been adjusted from US$25/t to US$60/t. Dr George Dawson-Ahmoah, chairman of the Ghana Cement Manufacturing Association (GCMA) and strategy and corporate affairs director of Ghacem, said the country does not need the influx of bagged cement, expressing optimism tha...

Ghana cement producers' association formed

11 June 2015, Published under Cement News

Local cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd and Savannah Diamond Company Ltd. Dr George Dawson-Ahmoah, Strategy & Corporate Affairs Director o...

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...