Cement News tagged under: Tanzania

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National Cement's acquisition of ARM blocked

22 July 2019, Published under Cement News

The acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has challenged the sale in the High Court, saying that ARM Cement has been undervalued and that his consortium had offered a bid of US$65m for ARM Cement. The administrator of the sale, PricewaterhouseCoopers (PwC), claims that the US$65m bid was turned down becasue it was not accompanied by proof of funds among other reasons. Instead, PwC approved t...

Tanzania Portland Cement reports increased profits for 2018

12 June 2019, Published under Cement News

Tanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn. The growth in profit has been attributed to a 28 per cent increase in revenue and higher clinker production, despite that selling and administrative expenses were also up nine per cent YoY. "2018 was also critical to consolidate the processes and the organisation at country level, but also a good opportunity for T...

Dangote Cement

22 May 2019, Published under Cement News

The 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 ...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote 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...

Simba Cement plans construction of new plant

04 April 2019, Published under Cement News

After receiving approval to acquire Cemtech Ltd , Tanzania’s Simba Cement has announced plans to construct the Ortum Cement project that Cemtech had struggled to get off the ground. The project in West Pokot County, Kenya, was due to start in 2010. However, due to the recent developments, work is now expected to begin within a year. Construction is scheduled to take 18 months to complete. Simba Cement is currently seeking an audience with the residents of Sebi, where the plant will be b...

Iran set to export over 14,000t of cement to Somalia

14 March 2019, Published under Cement News

Over 14,000t of cement is set to be exported from Iran’s southern island of Qeshm to Somalia, according to Iran Daily. "A 14,500t cargo of bagged cement produced in Qeshm will be exported to Somalia on a Tanzanian ship named AMINA-H," said Pejman Bahrami, deputy head for maritime transport and port affairs, Qeshm Free Zone Organization. The loading of the bagged cement began on Tuesday and will take 4-5 days. The order comes as country officials recognise the need to reduce dependency on ...

China National Building Materials (CNBM)

31 January 2019, Published under Cement News

Sinoma International, which merged with China National Building Materials (CNBM) last year, has been given the go-ahead to construct a US$1bn cement plant in Tanga. The Tanzanian Investment Centre granted permits to Sinoma, and its subsidiary Hengya Cement Co Ltd, for both the cement plant and a 1.2GW power station. Once completed, the cement plant will have a 7Mta production capacity with 30 per cent of output intended for the domestic market and the remainder for export. The project was fi...

Tanzanian mega cement plant construction to begin soon

25 January 2019, Published under Cement News

The Tanzania Investment Centre (TIC) confirmed that it has supplied Sinoma and Hengya Cement (T) Ltd with the requisite incentives to begin construction of the company's US$1bn greenfield cement plant in Tanga region. Geoffrey Mwambe, TIC executive director said the licence has a three-year period during which implementation must start. The new plant will have a capacity of 7Mta and a power plant to generate 1200MW of energy. "The firm is meant to meet the country's cement demand as well ...

Mbeya Cement opens Building Materials Academy

06 December 2018, Published under Cement News

Mbeya Cement (LafargeHolcim group) has opened its Building Materials Academy in Dar es Salaam, Tanzania to improve the client understanding of the use of the company's products in the construction sector. Isle Boshof, Mbeya Cement's Chief Executive said: "The state-of-ther-art centre is a good avenue for stakeholders to learn about their wide-range of products." The centre will bring together key players in the construction industry to understand all types of cement produced by Mbeya Cem...

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...