Cement News tagged under: Rwanda

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Aliko Dangote has targeted Kenyan producer believed to be ARM

09 November 2018, Published under Cement News

Dangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol...

Kigali Cement plant auction postponed

26 September 2018, Published under Cement News

The auctioning of Kigali Cement’s plant in Nyarugenge, Rwanda, has been postponed, allowing more time for talks between the involved parties. The sale was being made to allow the company to pay its creditors, Rwanda Enterprise Investment Company (REIC). However, Kigali Cement and REIC have now agreed to hold talks, according to Aloys Bizimana, court baliff in charge of the auction. "We can postpone one, two or three times but we cannot continue [to postpone the auction] forever. We have ...

Kigali Cement plant to go under auction

24 September 2018, Published under Cement News

Kigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it was rejected because it was far lower then the 70 per cent of the RWF1.27m, the market value of the...

Prime Cement's new plant begins construction

29 August 2018, Published under Cement News

Construction of Prime Cement’s new plant in Musanze, Rwanda, began on Thursday. The cement manufacturer, part of Milbridge group, plans to complete the works within the next 12 months. The facility is expected to produce 0.6Mta of cement during the first phase and increase to 1.2Mta in the second. "Rwanda is a stable country with a very stable political situation, the economy is growing very impressively and we were supported by local authorities such as the Governor, and even the Presiden...

Cimerwa hires consultants to improve house construction projects

17 August 2018, Published under Cement News

Rwanda's largest cement manufacturer, Cimerwa, has hired three construction consultants with an aim to improve standards in the property market. The consultants offer free advice to Cimerwa clients, largely on issues related to which material to use when constructing a house or implementing any construction project. The initiative was unveiled during the just-concluded Rwanda International Trade Fair, commonly known as the Expo. Cimerwa officials said that the partnership with the consultan...

Cimerwa plant upgrade should see cement prices start to fall

25 July 2018, Published under Cement News

Cimerwa expects its cement plant upgrade to stabilise the domestic market after shortages sent the price of a bag of cement up nearly 50 per cent in recent months. Rwanda has resorted to importing cement from neighbouring countries such as Uganda and Tanzania to cover the shortages. Bheki Mthembu, CEO of Cimerwa, told Reuters the company carried out maintenance and upgrade works on its plant in April and May, which had now been completed. The US$3.3m maintenance and upgrade programme at Cim...

Cimerwa to resume full production in May

23 April 2018, Published under Cement News

Rwanda’s Cimerwa has resumed production after a two-month break for maintenance and upgrade works. This is expected to ease a cement deficit in both Rwanda and Uganda, while also stabilising prices that have recently increased, according to The East African. The company is currently completing post-maintenance tests and aims to begin full production at its 0.6Mta Bugarama facility in May. The upgrade will improve reliability and operational efficiency, according to Bheki Mthembu, CEO, Cim...

Shortage of cement could continue in Rwanda

09 April 2018, Published under Cement News

A shortage of cement at distribution points is expected to continue in Rwanda, while retail prices will remain high until regional manufacturers resume production at the end of April 2018, according to The East African. However, a prolonged cement shortage is a distinct possibility as domestic manufacturers claim large infrastructure and real estate projects will place pressure on their capacity. The expected increase in demand and maintenance works at Cimerwa’s facility could lead to the...

Kigali Cement to resume operations

28 February 2018, Published under Cement News

The Rwandan cement market is being keenly contested for and the country's second-largest cement plant at Kigali Cement had to recently suspend operations and lay-off staff, according to All Africa. The ARM Cement owned Kigali Cement plant has a capacity of 100,00t and imports clinker from Tanga in Tanzania, but clinker and coal have been in short supply. "For a couple of years, the company has not been producing on a regular basis and to capacity due to limited availability of clinker from...

PPC

22 February 2018, Published under Cement News

PPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITDA also tracked ahead YoY. A lack of large infrastructure projects continues to hamper cement volume growth in South Africa, according to the company, which estimates that overall cement demand in the country fell by 3-4 per cent in 2017. PPC saw its volumes in South Africa decline by 1-2 per cent YoY, which is an i...