Cement News tagged under: Ghana
Ghacem denies any responsibility for cement shortage07 July 2014, Published under Cement NewsResponding to the local reports on Ghana's possibility of facing a cement shortage, Ghacem has refused suggestions that it has reduced production. The company has denied speculation that it had contributed to any shortage and claims that it currently has an output of 58,000t of cement per week. In an interview with the company’s strategy and corporate affairs director, Dr George Dawson-Ahmoah, said Ghacem was currently facing two challenges in attempts to arrest the shortage. It identif... |
Ghana: prices stablise in Northern Region06 June 2014, Published under Cement NewsCement prices in the Northern Regional capital of Tamale, Ghana, have now stabilised, according to local press reports. Until recently, a bag of cement was being sold at between GHS28 (US$9) and GHS30 (US$10) in the Tamale Township. However, prices have now evened-out across the board, with a bag of cement now selling at GHS28. A shortage of supply of cement products, which has slowed down infrastructural development at all levels in the Tamale Metropolis, is being attributed to import... |
CIMAF to construct new Ghana cement facility05 March 2014, Published under Cement NewsThe government of Ghana has signed an agreement with CIMAF of Morocco for the construction of a 1Mta cement facility. According to the terms of the agreement signed on Monday, 3 March 2014, the new plant is to be located close to the city of Tema, local media reported. The agreement was signed by Mawuena Trebarh on behalf of Ghana’s Minister of Trade, Haruna Iddrisu as well as Saad Sefrioui, General Director of Ciments de l'Afrique (CIMAF Ghana Ltd). “CIMAF Ghana Limited plans to bui... |
Ghana: GHACEM urged to source local raw materials19 December 2013, Published under Cement NewsGHACEM which produces about 60,000t of cement every week sources just about 25 per cent of its raw materials in Ghana, but the government has targeted the producer to source 50 per cent of its raw material locally. Strategic and Corporate affairs manager of GHACEM, Dr George Dawson Amoah, told Citi Business News, this could be a daunting task as the major problem is the availability of the raw material in Ghana. “The raw materials; the major part is the clinker which is imported. I sha... |
Ghana: Ghacem cement to regions in need of development13 December 2013, Published under Cement NewsGhacem has donated 16,000 bags of cement to schools and hospitals which were drawn from the Upper East, Upper West, Northern, Ashanti and Brong Ahafo regions. The list of beneficiaries includes about 137 health and educational institutions in deprived communities in northern Ghana. The Managing Director of Ghacem, Mr Morten Gade, in a keynote address, said it was the objective of the Ghacem Cement Foundation to support self-help initiatives to speed up the development of the country. The do... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
Ghanaian producers call for level playing field27 November 2013, Published under Cement NewsCement producers in Ghana have appealed to the country’s Tariff Advisory Board (TAB) to create a level playing against increased volumes of imported cement. During a recent meeting with Tawiah Akyea, chairman of the TAB, local cement producers urged the industry body to make a conscious effort to address the influx of imports. Ghana News reported that the delegation, led by Dr George Dawson-Ahmoah, the Strategy and Corporate Affairs Director of GHACEM, noted that the situation had crea... |
Ghana: cement prices rising26 June 2013, Published under Cement NewsCement prices in Ghana have been rising by the day with retail prices currently around GHS274 (US$136). Ex-factory prices are cheaper than retail prices so the tariff posted at the Ghacem (HeidelbergCement) plant on 24 June indicated that a bag of cement costs GHS260 (US$129), effective 20 June 2013, when buying 1000 bags or above. For orders of 100+ bags only the price rises to GHS265 (US$132), according to a local reporter. Ghana has imported mainly from Senegal, but these shipment... |
Western Diamond Cement Ltd secures project loan, Ghana10 May 2013, Published under Cement NewsStanbic Bank has closed a US$20.15m loan deal with Western Diamond Cement Ltd, part of the West African Cement SA (WACEM) Group, to build a cement production plant in the western region of Ghana. T he 1Mta cement factory will be located at Egyam Bokro near Takoradi and production is scheduled to start in 2014. Speaking at a signing ceremony in Accra, the Chairman of WACEM Group Manubhai Jethabhai Patel said the Group is committed to developing the natural resources of countries they o... |
HeidelbergCement expands capacity in Ghana12 March 2013, Published under Cement NewsHeidelbergCement is constructing a new cement mill with an annual capacity of 0.8Mta at its grinding plant in the port city of Takoradi. The investment of US$30m also includes the construction of a new clinker and a new cement silo as well as the installation of new cement bag packing and dispatch facilities. In November 2012, HeidelbergCement inaugurated a new 1Mta cement mill at its grinding plant in Tema some 25km east of the capital city of Accra. “The construction of the new cemen... |