Cement News tagged under: Senegal
Emerging Senegal10 September 2019, Published under Cement NewsSenegal, home to one of west Africa’s largest cement industries, is a nation on the rise. Long-term political stability has resulted in sustained economic growth. Looking ahead, President Macky Sall’s government is pursuing an ambitious development strategy supported by important new oil and gas investments. This will help to ensure domestic cement demand is able to sustain the cement industry and its three integrated producers. Robust growth in Senegal’s cement demand is expected to ... |
Senegal’s 1H19 cement output largely stable 3.543Mt22 August 2019, Published under Cement NewsThe production of cement in Senegal remained largely stable YoY at 3,543,100t in the first half of 2019, according to Sahel Intelligence. In the 1H18 output from the country’s cement plants reached 3,546,000t. However, output in June increased by six per cent to 588,100t when compared with 555,000t reported for June 2018. |
Dangote Cement clocks in with iris technology11 June 2019, Published under Cement NewsDangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangote's operations in Nigeria, Ethiopia, Senegal, Sierra Leone and Republic of Congo will use the iris-ID system. The software is contactless and simply uses the coloured part of the eye surrounding the pupil to identify staff. According to Preasanna Kumar Burri, Dangote Group chief information officer, the traditi... |
Cement production in Senegal sees 10% drop in March24 May 2019, Published under Cement NewsBy end March 2019, cement production in Senegal fell by 9.9 per cent, or 65,000t, when compared with March 2018, according to data by cement plants quoted by Journal du Cameroun. Output declined to 590,700t in March 2019 from 655,700t in the same period the year before. Export sales decreased by 28.4 per cent YoY to 140,100t from 195,800t in March 2018. Meanwhile, domestic sales edged up by 0.1 per cent to 458,800t (March 2018: 458,300t). |
Dangote Cement22 May 2019, Published under Cement NewsThe first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ... |
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. ... |
Vicat can expect higher returns in USA and Brazil10 May 2019, Published under Cement NewsThis week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and the strength of cement demand in some of the countries where it is operating. In France, where the company's headquarters are located, the market has been one of the key supports in Vicat's 8.1 per cent rise in turnover to EUR225m. The company cited favourable macroeconomic and industry conditions supported by high ... |
Dangote Cement sees volumes rise, revenues down in 1Q1929 April 2019, Published under Cement NewsDangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua... |
Cement shortage in Senegal intensifies24 April 2019, Published under Cement NewsTechnical issues at Sococim’s cement factory are affecting the company’s clinker supply and are impacting on Senegal’s cement output, according to Senegal Direct. The country has already suffered a shortage of the product and has seen prices increase from XOF3000 (US$5.13)/bag to XOF3300/bag. |
No change for Senegal maximum cement prices18 March 2019, Published under Cement NewsThe maximum cement price in Senegal will remain at previous year’s level, according to the country’s Ministry of Commerce. "Pursuant to the provisions of Article 43 of Law No. 94-63 of 22 August 1994 on price, competition and economic litigation, ceiling prices for ex-factory cement are set at prices previously applied as of 1 January 2018", indicated a decree sent to the Agence de Press Sénégalaise. The announcement follows a recent price increase by Sococim, which had lifted its price ... |