Cement News tagged under: Republic of Congo
Dangote Cement Group's revenue up 16% in 1Q1825 April 2018, Published under Cement NewsDangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was... |
Dangote Cement26 June 2017, Published under Cement NewsProduction 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... |
US$55m loan for new Congo cement plant28 February 2017, Published under Cement NewsThe Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari department with a term of three years. The loan is payable over 25 years with a five-year grace period and at an interest rate of 1.75 per cent. Three Indian companies have already bid for the tender launched by the Indian bank. However, details about the new plant have not been disclosed. |
Rep Congo: cement imports to continue14 October 2016, Published under Cement NewsFollowing the domestic cement industry’s plea to end imports in to the Republic of Congo, the country’s Minister of Trade and Conumption, Landry Euloge Kolélas, said that halting imports would be subject to producers being able to cover the entire national territory. “While the number of cement companies has grown, being now five, awaiting the entry of Dangote Cement and Diamond Cement, we cannot completely halt imports yet as cement companies have not shown that they are willing to cover... |
Rep of Congo: mechanism sought to halt illegal imports05 August 2016, Published under Cement NewsRepresentatives from the domestic cement industry met with Minister of State, Minister of Economy, Gilbert Ondongo, this week to seek assistance from the Congolese government against illegal cement imports that are then sold at non-competitive prices. The country's current cement production is carried out by Société Nouvelle des Ciments du Congo (SONOCC), Forspak and CIMAF. Two new companies are also being established, including Diamond Cement in Mindouli (Pool) and Dangote Cement, Mfil... |
Rep of Congo: Cimenterie de Lukala to close down06 May 2016, Published under Cement NewsCimenterie de Lukala (CILU), located in the Republic of Congo, will be closing down due to “the unfair competition it has faced since December 2015”, according to its CEO, Ola Ora. The factory had been running at capacity utilisation rates of below 50 per cent in recent times. The country’s government had allowed conditional imports of cement into the Republic of Congo. Domestic cement demand is estimated at around 3Mt, but local production is limited to 0.5Mt. |
CIMAF to start up Rep Congo works in January16 December 2015, Published under Cement NewsJanuary 2016 will see the start of operations at CIMAF’s Hinda works in southern Republic of Congo, according to the country's Industrial Development and Private Sector Promotion Minister, Isidore Mvouba. He reported the construction work at the new plant is now finished and the 0.5Mta facility is now ready for its official inauguration by Congo's President, Denis Sassou Nguesso. |
Indian interest in Congo plant investment21 January 2015, Published under Cement NewsThe Republic of Congo is expected to add a further cement plant to its production base, according to local news service, Star du Congo. The president of India-based Seftech, Mahesh Chaturved, will be meeting the country’s Minister of Industrial Development and Private Sector Promotion, Isidore Mvouba, to discuss plans to build a 600tpd (0.198Mta) works in Louteté with the option for a further cement works in Hinda, Kouilou province. The project represents an investment of XAF27.5bn (US$4... |
Diamond Cement’s new Congo works on track for 2Q15 start14 July 2014, Published under Cement NewsThe construction of Diamond Cement’s plant in Mindouli in the Republic of Congo is now around 40 per cent complete and is on-track for completion in the second quarter of 2015. The new works will have a cement production of 0.6Mta in the first stage, with the option to expand this to 1Mta. Once completed, Congo will have three cement works, including the 0.3Mta Sonnoc-based Loutété in Bouenza and Forspak’s 0.3Mta Dolisie Niari works. At Hinda, in the department of Kouiou, a further ce... |
Congo Rep opens Dolisie cement plant24 March 2014, Published under Cement NewsDenis Sassou Nguesso, President of the Republic of Congo, inaugurated a new cement works in Dolisie, located in the south west province of Niari, on Saturday 22 March. The 0.3Mta works was financed and built by China-based Forspak International, who invested XAF34bn (US$71m). Forspak CEO, Pen An Ping, said the plant will contribute significantly towards satisfying the country’s demand for cement. According to the industrial development and private sector minister Isidore Mvouba, current c... |