Cement News tagged under: Liberia

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New Liberian project proposed to NIC

19 September 2019, Published under Cement News

Capital Link Corp has proposed a new Liberian cement plant project to the country’s National Investment Commission (NIC). Moullela Gray, chair of NIC, has disclosed to the Senate Committee on Concession and Investment that the country stands to benefit from US$35m during 15 years of operation. Mr Gray also noted that the company is in discussion with Guinea to finalise an implementation agreement for the transhipment of iron ore through Liberia and that the proposed plant for Buchanan woul...

Star Cement receives approval for 0.6Mta Liberian project

12 August 2019, Published under Cement News

Star Cement has received approval from the Liberian government to construct a 0.6Mta plant in Monrovia at an estimated investment of US$41m. Following commissioning, the price of cement is expected to drop in the domestic market and assist a boom in the construction industry, according to a company press release. Operations are anticipated to begin within the next 12-18 months, at which time the company will begin the sale of shares. Elsewhere, Star Cement is reportedly trying to ensur...

Cemenco rewards distributors at awards night

28 June 2019, Published under Cement News

Cemenco has rewarded its distributors in Liberia at an awards ceremony held in Freeport, Monrovia. The ceremony included awards for 20 distributors for their performance in 2018, with silver, gold and platinum categories. Cemencon is currently supporting President George Manneh Weah's Pro-Poor Agenda for Development and Prosperity in Liberia project. The company operates a 0.45Mta grinding plant out of Freeport, Liberia.

Dangote Cement

26 June 2017, Published under Cement News

Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the country’s total cement production capacity to 2.55Mta along with Cimaf (0.5Mta), Sonocc (0.25Mta) and Forspal (0.3Mta). The works will also boost Dangote’s capacity across Africa to more than 40Mta. Construction is currently underway on a new 3Mta grinding plant in Côte d'Ivoire and two new plants have been announc...

Dangote Cement

26 January 2016, Published under Cement News

Dangote Cement has reaffirmed its commitment to invest in a new cement works in Zimbabwe. Work on the planned 1.5Mta integrated plant will reportedly begin this year at a cost of around US$400m. This follows the formation of Dangote Cement Zimbabwe in September last year. The precise location of the plant is yet to be confirmed. Concerns were raised late last year when Zimbabwe was left off a list of countries the company was intending to invest in during an interview with Reuters. This l...

HeidelbergCement expands its capacity in Liberia

01 July 2013, Published under Cement News

HeidelbergCement has successfully commissioned a new cement mill at its cement grinding plant in Monrovia, the capital city of Liberia. The investment in the new mill, which has a capacity of 0.5Mta, amounted to US$14m. The Liberian subsidiary Cemenco is the only cement producer in Liberia and has a strong market position. The company is part of HeidelbergCement’s network of cement grinding facilities on the West African coast supporting the Group’s regional strategic presence. “The co...

Liberia: implications of rice, cement tariff reduction

10 January 2013, Published under Cement News

On 4th January  2013, Ellen Johnson Sirleaf, president, issued executive orders Nos 45 and 46 with immediate effect suspending tariffs on rice and cement. The intention is to ensure a simultaneous reduction in the market price of rice and cement. In the interest of national reconstruction and development the government decided to re-instituting the suspension of the protective tariff on cement by wavering the US$2 protective tariff. It also aims at encouraging the establishment of local in...

HeidelbergCement increases revenue and operating income

08 November 2012, Published under Cement News

German cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu...

Dangote Cement to invest in Liberia

20 March 2012, Published under Cement News

Dangote cement is planning to invest over US$35m in the west African country of Liberia through its Dangote Cement Liberia subsidiary, Aliko Dangote, group president and CEO, signed a memorandum of understanding with the Liberia government at the head office of the National Port Authority on Friday. The Dangote Group has previously outlined plans to build a 0.5Mta import terminal in Monrovia which is the main commercial port facility in the country. Signing on behalf of the Liberian...

Dangote Cement – Africa market expansion

20 February 2012, Published under Cement News

Dangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa...