Cement News tagged under: Mali
Mali's path to cement self-sufficiency16 February 2024, Published under Cement NewsSet on expansion in west Africa, CIMAF announced this week that it had laid the foundation stone for its new grinding plant in Mali. Other cement producers have also targeted Mali, which saw cement shortages in 2021 but now has a crop of new cement plants under construction. The sudden surge in Mali's cement plant projects is happening despite the challenges of political unrest in the country. There were two coups d’étât in 2020 and 2021, while Al Qaeda is still active in the country and ... |
CIMAF lays foundation stone for Mali plant13 February 2024, Published under Cement NewsCIMAF laid the foundation stone for its new Mali factory on 9 February 2024 in Natien, a commune located in the Sikasso region. The Minister of Industry and Trade, Moussa Alassane, was present at the ceremony. This new unit will have a production capacity of 1Mta of cement, expandable to 2Mta, and will It generate at least 300 direct jobs and 2000 indirect jobs. The completion date has been set at 23 months, with a start-up date of February 2026. |
Foundation stone laid for Ciment Sahel Mali SA24 November 2022, Published under Cement NewsMahamoud Ould Mohamed, the Minister of Industry and Trade, laid the foundation stone for the new Ciment Sahel Mali SA cement plant, on 24 November 2022. Construction of the factory at Béma, Diéma, Nioro du Sahel, Kayes region of western Mali, will take 30 months from January 2023, according the the project sponsor, El Hadji Mohamed Sacko, CEO of Groupe Sacko Holding SA. Capacity of the plant has been reported at 4Mta. The new plant is financed via a CFA388bn (USD500m) investment suppor... |
Foundation stone laid for Cimenterie Atlas02 June 2022, Published under Cement NewsColonel Assimi Goïta, interim president and the current head of state for Mali, laid the foundation stone for Cimenterie Atlas, a new grinding plant at Dio Gare, Koulikoro region, Mali on 2 June 2022. It is hoped that the 0.8Mta grinding station will help Mali become self sufficient in cement, as well as create 150 permanent new jobs, according to M Papa Oumar Samake, CEO of Atlas. Construction of the XOF50bn (US$50m) plant, which is entirely financed by Malian principals with loans from... |
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. |