Cement News tagged under: Mauritius

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Kolos Cement launches 'Retourn to Plastik' campaign

23 May 2022, Published under Cement News

Kolos Cement in Mauritius  has launched its   'Retourn to Plastik' campaign in the presence of officers from the Ministry of Environment, Solid Waste Management and Climate Change. Kolos has launched the palletless system, a first in the Indian Ocean region in terms of packaging technology that will rethink its modes of operations and measure the impact of the company’s actions for sustainable change.   FLSmidth supported Kolos in the implementation and deployment of this innovat...

Kolos Cement sees 39% rise in turnover in 2021

07 April 2022, Published under Cement News

Mauritius-based Kolos Cement Ltd reported a turnover of MUR1.8bn (US$40.2m) in 2021, up 38.5 per cent from MUR1.3bn in 2020. However the company’s operating profit reached MUR161.5m, down 18.6 per cent from MUR198.4m in the previous year. In addition to the nationwide six-week lockdown due to the COVID-19 pandemic in 2021, the company also faced further challenges to the increased raw material costs as the rupee weakened and the cost of freight went up. The company expects 2022 to be equ...

Lafarge Mauritius and Kolos reduce cement price

30 September 2021, Published under Cement News

After Mauritius-based cement importer Kolos Cement Ltd dropped its retail price for Eco Plus cement from MUR143.84/bag (US$3.37/bag) to MUR135.84, Lafarge Mauritius has announced a decrease in the retail price of two of its products from 1 October 2021. Baobab 6, a 22.5-grade cement, will see its retail price reduced from MUR142.40 to MUR134.60 while Baobab Mazik, a 32.5-grade cement, will be sold at MUR139.80, down from MUR147.90. “This decision was taken after the company and the Commer...

Kolos sees 17% profit drop in 2020

06 April 2021, Published under Cement News

Mauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in profit and income was the result of the lockdown due to the COVID-19 pandemic as well as the rising cost of raw materials as the rupee weakened. However, the company stated that “despite the difficult operating environment, the company showed tremendous resilience and demonstrated its ability to ensure continuous sup...

Lafarge (Mauritius) raises price of Baobab cement

04 October 2018, Published under Cement News

The price of a 25kg bag of Baobab cement increased by MUR1-4 (US¢2.9-11.6) on 1 October 2018. Lafarge (Mauritius), which produces the cement, has reviewed the price of its Baobab range as a result of “increasing international raw material prices since the start of the year.” Bagged Baobab CEM II 42.5 now costs MUR115, up from MUR114, while Baobab Lakaz CEM II 32.5 cement is sold at MUR110/25kg bag, representing a 3.8 per cent increase from MUR106 before the price rise. However, Baobab 6 MC ...

Kolos Cement released from competition requirements

17 September 2018, Published under Cement News

Mauritius-based Gamma Civic Ltd has been released from its commitment set by the Competition Commission of Mauritius (CCM) to have its subsidiary Kolos Cement Ltd, previously known as Holcim (Mauritius), resort to a bidding exercise to buy cement. The company currently operates the largest terminal on the Indian Ocean at 60,000t. Gamma Civic acquired 51 per cent of the company in 2015, and was subsequently required to address any competition issues. The company agreed it would buy cement th...

Mauritius opens LafargeHolcim merger inquiry

06 August 2014, Published under Cement News

The Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti...

STC eyes Holcim Mauritius acquisition

28 July 2014, Published under Cement News

In the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time. STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic. The presence of STC in the market would offer a greater price control as it will control the entire...

Holcim and Lafarge announce proposed asset disposals

07 July 2014, Published under Cement News

Two months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a...

LH Merger update: plants for sale

07 July 2014, Published under Cement News

Finally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the...