Cement News tagged under: Senegal
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... |
Senegalese cement output up 10%25 May 2017, Published under Cement NewsCement production in Senegal jumped 10.3 per cent in March when compared with March 2016, according to the Ministry of Economy, Finance and Planning. Total output reached 609,800t in March, up from 552,700t in the equivalent period of the previous year. MoM the increase was 6.9 per cent from 570,300t in February 2017. |
Dangote Cement delivers strong financial performance02 May 2017, Published under Cement NewsDangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and record EBITDA of NGN103.bn, up 42.3 per cent. “Dangote Cement produced record financial results in the first three months of 2017. Despite lower Group volumes, we delivered significantly higher revenues and EBITDA after realigning prices late in 2016. Our new pricing strategy meant every tonne worked harder for us in Ni... |
SIka establishes Senegal subsidiary27 April 2017, Published under Cement NewsSika is expanding its presence in west Africa by establishing a new subsidiary in Senegal – following those in Nigeria, Côte d'Ivoire and Cameroon. A local production facility for concrete ad-mixtures is already being planned, which will subsequently be expanded to include mortar products. The company has a strong presence in Africa with 19 national subsidiaries and 17 factories. Paul Schuler, Sika Regional Manager EMEA, commented: “We are positioning ourselves early in emerging market... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Dangote25 January 2017, Published under Cement NewsDangote Cement Senegal is one of three domestic cement companies, along with Sococim and Ciments du Sahel, to apply a new tax introduced by the Senegalese government. Effective 2 January 2017, the tax, which equates to XOF3/kg will increase the price of cement by XOF3000(US$4.92)/t. According to press reports, the move is part of the government’s efforts to reduce loss in income and follows a 25 per cent surge in cement exports in 2016. Dangote’s plant in Senegal, the largest in the co... |
Senegal turns to exports13 January 2017, Published under Cement NewsThis week it was announced that the Senegalese government would impose a new tax on the price of cement in the country of XOF3/kg or XOF3000 (US$4.84)/t. There are just three cement producers in Senegal – Sococim (Vicat group), Société Cimenterie du Sahel (SCS) and Dangote Cement Senegal – and they are expected to raise cement prices to pass on the cost of the tax to consumers. The government's move is to help recover lost income from what they view as a highly profitable commodity. Sen... |
Senegal: government introduces new tax on cement06 January 2017, Published under Cement NewsAs of 2 January, the price of cement in Senegal has increased by XOF3000 (US$4.84)/t. The Senegalese government has implemented a new tax of XOF3/kg on cement. The tax will be applied by all three domestic cement companies - Sococim, Ciments du Sahel and Dangote Cement Senegal. It is part of the government’s efforts to reduce loss in income, according to the Senego news service. Sellers are expected to pass on the new tax to customers.The Consumers Association of Senegal has expressed ... |
Senegal notes 10% increase in cement output in 10M1605 January 2017, Published under Cement NewsCement production in Senegal in the first 10 months of 2016 increased 10.2 per cent YoY, according to the government’s Planning and Economic Research Unit. Output at Sococim and Ciments du Sahel, which represent two out of three domestic producers, rose from 4,678,900t in 10M15 to 5,154,600t. The advance was mainly driven by a significant increase in exports, which were up 25.2 per cent from 1,902,800t in 10M15 to 2,382,300t one year later. Domestic sales edged up by 0.5 per cent YoY from... |
West Africa powers up04 July 2016, Published under Cement NewsWest Africa’s booming population and economic development are expected to fuel cement consumption in the long term and the region’s prospects look bright. However, as the regional cement sector rapidly builds production capacity to keep pace with anticipated demand, challenges remain for the industry, including inflation, lower oil receipts and power shortages. By ICR Research, UK. Ghana: HeidelbergCement's Tema plant keeps production rolling West Africa’s population is set to m... |