Cement News tagged under: Ghana
Ghana building code is launched02 November 2018, Published under Cement NewsThe Cement Manufacturers Association of Ghana (CMAG) has made a comprehensive 'Ghana Building Code' to ensure cement sold in the country is within the standards specified in the code. CMAG's Executive Secretary, Rev Dr George Dawson-Ahmoah believes the code will serve as a check to flush out sib-standard cement on the market. The code was launched by by Vice President, Dr Mahamudu Bawumia. It consists of 38 parts and 1700 pages covering the essential areas of safe operation of the buildin... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Dangote Cement26 September 2018, Published under Cement NewsDangote Cement has welcomed Brice Houeto as its new country director in Ghana. He succeeds Tor Nygard who has retired after two and a half years at the helm. Mr Houeto joins Dangote from Lafarge Cement Guinea where he was country managing director. According to the new country director, his focus will be on increasing Dangote Cement’s market share in Ghana, investing in expanding its operations and introducing new services. “The supply chain market requires the need for product research a... |
Dzata Cement did not cause UT Bank collapse14 August 2018, Published under Cement NewsDzata Cement of Ghana was not responsible for the collapse of UT Bank in 2017. The cement producer was previously thought to be a major cause of the bank's folding, incorrectly attributed to the cement company defaulting on a loan. However, Ibrahim Mahama, who owns the cement facility, said the repayment of the loan was to start after the company began operations and cement sales. The licence of UT Bank had also been withdrawn by the Bank of Ghana in August 2017 and had been taken over by... |
Ghana's cement manufacturers form association05 July 2018, Published under Cement NewsSeveral of Ghana's leading cement manufacturers have formed the Cement Manufacturers Association of Ghana (CMAG) to protect and accelerate the development of the industry, according to Modern Ghana. Currently, membership extends to Ghacem Ltd (Tema, Takoradi), Diamond Cement Group (Aflao, Buipe and Takoradi) and CIMAF Ghana Ltd (Tema). Raju Baddharaju, Diamond Cement, has been appointed as the first chairman of the governing board. "All together we have an installed production capacity o... |
CIMAF Ghana invests in managing environmental impact11 June 2018, Published under Cement NewsCIMAF Ghana Ltd has allocated 15 per cent (US$9.9m) of its US$66m investment in the country to manage the environmental impact of its production facilities, according to Ghana Web. The company's 1.1Mta plant near the port of Tema was fitted with bag filters to control dust emissions and a gas analyser was installed to monitor the exhaust gas from the stacks, according to Mr Mohammed Bennis, country general manager, CIMAF. "This huge plant does not emit dust into the environment. We hav... |
Dangote Cement Group's revenue up 16% in 1Q1825 April 2018, Published under Cement NewsDangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was... |
Diamond Cement Ghana to work with government on Keta Port10 April 2018, Published under Cement NewsThe Ghana Ports and Harbours Authority (GPHA) has signed a Memorandum of Understanding (MoU) with the Diamond Cement Ghana Ltd, to build a port at Keta, Volta region, Ghana. President Nana Addo Dankwa Akufo-Addo's New Patriotic Party (NPP) government guaranteed that it would build a port as part of its manifesto and site preparations will start in June. |
Diamond Cement to be visited by the EPA after environmental concerns16 February 2018, Published under Cement NewsOfficers of the Environmental Protection Agency in Accra are expected to visit Diamond Cement Factory and the area of Aflao Duta in Ghana on Friday 16 February, because the land surface of Agbawoeme, Duta and Agorbiakorpe is heavily polluted with cement dust. Local residents have complained about their crops being affected and no access to clean water. The cement factory has already been called upon to supply piped water to communities within its catchment area. While water to some communi... |
Ghacem opens new depot30 January 2018, Published under Cement NewsGhacem Ltd has opened a new depot in Sefwi-Wiawso, Ghana. The company now has six depots, with the latest being part of a scheme to increase cement availability in the Western Region. The depot has a 3000t capacity and will be used to store weekly deliveries for local towns, reports Joy Online. According to Nana Philip Archer, commercial director of Ghacem, the company has also purchased new vehicles to serve the depot and prevent shortages. "Our contribution to the growth of Ghana's e... |