Cement News tagged under: Ghana

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Dangote's 1H20 results see 2% revenue growth

27 July 2020, Published under Cement News

Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said:  "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ...

Ghana’s cement producers not benefitting from power relief

18 June 2020, Published under Cement News

Following Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies located within the Tema Free Zone enclave say they have been denied such government support, considerably affecting their business. The affected parties, including CIMAF Ghana Ltd, have only received a rebate of 22 per cent of April invoice values, instead of 50 per cent. Speaking to the media, Rev Dr George Dawson...

Dangote Cement starts Senegal exports and sets new target

15 June 2020, Published under Cement News

Nigeria’s Dangote Cement exported its first shipment of clinker to Senegal during the weekend. The 27,800t shipment set off from the company’s terminal in Apapa Port, Lagos. "This vessel, being the maiden ship is exporting 27,800t to Senegal and this is just a tip of the iceberg as to what we have in plan. What we have in plan is to send clinker from Nigeria to Côte d'Ivoire, Cameroon and Ghana," said Alhaji Sada Ladan-Baki, group executive director. Mr Ladan-Baki also noted that the com...

Turkish exports boom in first quarter, but slowdown expected

10 April 2020, Published under Cement News

Turkey’s cement sector exports increased by 54 per cent in the first three months of 2020, according to a statement by the Turkish Cement Manufacturers' Association (TÇMB). The association has released data on the sector’s March-end export figures and the production figures from January. Accordingly, the Turkish cement sector’s production increased by 31 per cent in January, reaching 3.6Mt. In the first month of the year, the domestic sales of the cement sector increased by 16.8 per...

GICA subsidiary prepares export plan

04 March 2020, Published under Cement News

The Public Industrial Group of Algerian Cement (GICA) has announced that its Beni Saf subsidiary plans to export over 45,000t of clinker to African countries during the current year. Orders are reportedly under study for exports from the port of Ghazaouet, Algeria, to several countries, including Ghana, Guinea and Mauritania, according to Dakmous Fatima-Zohra, communications and marketing officer. After fulfilling national orders, Beni Saf Cement is targeting these markets as a first ste...

CIMAF Ghana Ltd extends its product range

05 February 2020, Published under Cement News

CIMAF Ghana Ltd has announced the introduction of newly-improved cement grade, 42.5R B-L, to its line of products. "This is not just an addition, but a much-needed grade to give users every needed grade for every stage within the construction ladder of any project, with the same hallmark of quality to make sure that consumers get the best out of the standard within every grade bracket," said the company's General Manager, Bennis Mohammed. He added that CIMAF, which launched operations in...

Ghacem to raise cement prices

11 December 2019, Published under Cement News

Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w...

Dangote Cement

22 May 2019, Published under Cement News

The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

Dangote Cement

24 April 2019, Published under Cement News

Cement prices in Ghana have risen for the second time in two months with producers in the country blaming the latest increase in the depreciation of the Ghanaian cedi. Dangote Cement has increased its 42.5 grade product from GHS32.55 (US$6.36)/bag to GHS35.55/bag. The currency crisis is also being blamed for a 20 per cent rise in the price of bread in the country and an uptick in fuel prices at filling stations across Ghana.  Meanwhile, construction of Dangote’s 3Mta cement plant near Abi...