Cement News tagged under: Mali
Mali sees 10% cement price hike02 March 2022, Published under Cement NewsThe price of cement in Mali has increased by 10 per cent from XOF100,000 (US$170.59) to XOF110,000/t in the past week. Traders have attributed the price rise to the embargo imposed on Mali by ECOWAS through the closure of borders, according to Mali Actu. |
CIMAF to expand capacity with IFC, Proparco and EAIF financing11 November 2021, Published under Cement NewsCIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind... |
CimMetal to expand into Togo's cement market21 April 2021, Published under Cement NewsIn September 2020 Cim Métal Group’s CEO Inoussa Kanazoé started marketing cement from its Togolese subsidiary. Already active in Burkina Faso with CimFaso and Cimasso, as well as in Côte d’Ivoire with CimIvoire, CimMetal is now turning attention to Togo. The establishment of the Lomé plant with a cement capacity of 2.5Mta, representing an investment of CFA65bn (US$125m) , will see the installation of Gebr Pfeiffer milling technology. The Banque Ouest-Africaine de Développeme... |
Sacko Holding to build new plant in Mali09 April 2021, Published under Cement NewsSacko Holding SA, a private Mali-based company, has finalised the funding of a US$300m cement plant in Bema, 30km from Diéma on the Noro du Sahel road, Mali. The company has also carried out exploration for limestone in the Bema area, according to Mali News. The plant will cover 4.5ha of the site, which will also include housing (15ha), and is expected to create 250-300 direct jobs initially, rising to 350-400 jobs after 2-3 years. Construction of the new plant is scheduled to commence be... |
Vicat announces FY20 sales of EUR2805m17 February 2021, Published under Cement NewsVicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL. Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT... |
Cement prices cool in Mali26 January 2021, Published under Cement NewsFollowing cement prices of XOF130,000/t (US$240.48/t) reported 10 days ago, the price of cement in Mali has been falling to XOF95,000-110,000/t, depending on the location. The price drop is due to a resumption of normal supply as Diamond Cement and the routing of around a 100 loads from Dakar, Senegal. |
Cement price in Mali surges due to shortage15 January 2021, Published under Cement NewsCement is becoming an increasingly scarce product in Mali. As a result, prices have risen from XOF90,000/t to XOF125,000-130,000/t, according to MaliActu. In 2019 Mali had a cement demand of around 2.8Mt, with future consumption underpinned by a need for infrastructure and high population growth. However, output from the country’s cement industry is only approximately 1Mta and wide-spread shortages have been reported. |
Diamond Cement Mali awards sack contract to SCS DMC12 December 2019, Published under Cement NewsDiamond Cement Mali has awarded the contract to produce its cement bags to the new Société Malienne de Cartonnerie (SCS MDC). The contract was signed on 6 December by Prasad Motaparti, CEO of Diamond Cement Mali and Moussa Silvain Diakité, CEO of MDC. Under the contract, the bag manufacturer will produce more than 20m cement bags to pack the cement producer’s entire output, estimated at 1Mta. "This is our first big contract. From the first quarter of next year, we will start with the deli... |
CMM plant starts operations23 September 2019, Published under Cement NewsCiment et Matériaux du Mali (CMM) has officially launched its cement business, announcing the first bags for sale by 15 October from its cement plant in Diago, Mali. CMM started the construction of the 0.5Mta unit in 2017. The XOF20bn (US$33.4m) new plant will create 150 direct jobs and 1500 indirect jobs. |
Mali cement prices rise under absent Senegal imports17 May 2019, Published under Cement NewsCement prices in Mali have risen sharply with some blaming the absence of Senegalese imports while others have put the blame firmly at the door of the government and Diamond Cement. A present, the ex-works cement price is XOF87,500/t (US$149.09/t). However, low output at Diamond Cement’s cement plant is insufficient to serve the 3Mta Malian market. While the company has a cement capacity of 1Mta, output at the plant is currently 0.645Mt, according to representatives of the cement producer. ... |