Cement News tagged under: Habesha Cement

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Ethiopian cement plants encouraged to turn to biomass

17 July 2019, Published under Cement News

The Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carbon emissions. Many of Ethiopia's 17 factories import coal from South Africa at a cost of US$220m annually. The  CCIIDD is working with the cement industry to replace foreign coal with local biomass. "If we can replace 40 per cent of the coal with the biomass, we can save up to US$88m per year," said Samuel Healala...

Habesha Cement forced to halt production

31 October 2017, Published under Cement News

Habesha Cement, has halted its cement production at its plant near Holeta city, Oromia State due to a security threat. The decision was made after young anti-government protestors occupied the cement manufacturing plant which was inaugurated last April. Mesfin Abi (Eng), CEO of Habesha Cement SC, explained production was suspended. "More than 20 youngsters from the locality and other places occupied the mining area hampering our operation. We are working with the local community and admini...

PPC achieves two major milestones as part of its expansion strategy

21 April 2017, Published under Cement News

As part of its expansion strategy, PPC announced this week the inauguration of its Ethiopian operation, Habesha Cement, and the first truck dispatch load of saleable cement from its plant in the Democratic Republic of the Congo. The inauguration of Habesha Cement marks the completion of the construction of the factory and installment of the technical and non-technical systems.The ceremony, officiated by the Prime Minister of Ethiopia, Ato Hailemariam Desalegn, was held at the plant in Hole...

Ethiopia: Habesha’s new plant project shows steady progress

22 December 2015, Published under Cement News

PPC recently announced that construction at the 1.4Mta works of Habesha Cement, Ethiopia, is well underway with overall project progress estimated at around 52 per cent. Civil construction at the plant, which will serve the Addis Ababa market, is 45 per cent complete and mechanical erection has started. Some 90 per cent of equipment has been manufactured to date and 70 per cent of this has been delivered to site, according to the South African parent company, which holds a 51 per cent sta...

PPC full-year cement sales rise 2%

20 November 2014, Published under Cement News

South Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c...

Habesha secures 60-year mining license, Ethiopia

28 May 2014, Published under Cement News

Ethiopia-based producer Habesha Cement has acquired a mining license from the Ministry of Mines (MoM), according to reports by Fortune. The agreement gives Habesha the right to mine limestone, gypsum, clay and sandstone from a total of 112ha of land located in the West Shoa Zone, Oromia State. The sites are found in Meta Robe, Ejere and Ada’a Bergag woredas. The deal, finalised by representatives from the two parties on 19 May 2014, is valid for 60 years and was

Habesha secures letter of credit for new plant project, Ethiopia

02 January 2014, Published under Cement News

Habesha Cement SC has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank (commonly known as the PTA), Fortune reported. The PTA agreed to co-finance the project earlier this year by lending US$50.4m. The LC, which was required before the factory equipment could be imported, had hindered the Chinese contractor from beginning work on the plant, Mesfin Abi, CEO of Habesha, said at a press conference held on 26 December  at t...

Habesha signs loan agreements to finance new plant construction, Ethiopia

10 December 2013, Published under Cement News

Habesha Cement has signed loan facilitation agreements for the construction of a new 1.4Mta greenfield cement plant in Ethiopia. The Development Bank of Ethiopia (DBE) has signed a ETB630m loan agreement with the company at its headquarters on 19 November 2013, according to reports by the Addis Fortune. The loan is to be paid back over a period of 7-9 years.  Loan agreements were also signed between Habesha, the DBE and the PTA Bank - the financial arm of the Common Market for Eastern...

Habesha due to start new Ethiopia plant construction

29 October 2013, Published under Cement News

Habesha Cement finally plans to start construction of its new 1.4Mta greenfield works in Ethiopia following delays of some three years. Mesfin Abi, CEO of Habesha Cement Share Company, told New Business Ethiopia that phase one of the proect is expected to be operational by 2015. The plant’s future development plan includes an option to double the capacity to 2.8Mta. At the start of this month the company received a letter of consent from the National Bank of Ethiopia, which grants the...

PPC commits to new DRC plant

01 October 2013, Published under Cement News

PPC has signed a memorandum of understanding with the Barnet Group, its local partner in the Democratic Republic of Congo (DRC), to build a US$230m cement factory there. Ketso Gordhan, CEO of PPC, said that the greenfield project in the DRC included the construction of a 1Mta cement factory and associated quarry. The plant would take about 24 months to complete. PPC previously confirmed the company was finalising an agreement with Chinese engineering, procurement and construction company...