Cement News tagged under: Uganda
East African prospects16 June 2020, Published under Cement NewsThe east African cement markets of Uganda, Rwanda, Malawi and Burundi have continued to experience rising levels of cement consumption over recent years with investments in infrastructure and affordable housing. However, the COVID-19 crisis is likely to take its toll on cement consumption growth in 2020. Uganda has both one of the largest economies and cement industries in East Africa, with capacity growth fuelled by growing confidence on the back of expected oil revenues The... |
Bamburi sees 37% drop in net profit in 201911 May 2020, Published under Cement NewsKenya-based Bamburi Cement has posted a 37 per cent YoY fall in net profit in 2019. Net profit declined to KES359m (US$3.39m) from KES572m in 2018. The company attributed the decrease in profit to reduced domestic cement consumption, low prices and an inability to access the Rwandan market due to the closure of the border with Uganda, denying its Uganda subsidiary Hima Cement access to the Rwandan market early last year. Bamburi’s revenues slipped by 1.2 per cent to KES36.79bn in 2019 fro... |
Hima Cement introduces RapidSet cement29 November 2019, Published under Cement NewsUganda’s Hima Cement has introduced a new type of cement, RapidSet, to leverage its position in a competitive market, according to The Observer. The product has been designed exclusively for the precast concrete market due to its rapid hardening attributes. The new cement (42.5R strength) is already available on the domestic market in 30kg bags. “The construction and real estate market continue to grow tremendously, and this drives our commitment to innovate and provide solutions that enha... |
Hima Cement in consultation for Moroto mining rights23 October 2019, Published under Cement NewsBamburi Cement’s subsidiary, Hima Cement, is consulting leaders and the local community in Moroto in Uganda, to access surface mining rights. Hima Cement (LafargeHolcim group) is in the process of acquiring a mining lease for the extraction of limestone and marble in Rupa subcounty. Hima Cement has earmarked a block of 14.26km 2 in the location. Don Bwesigye, the lead consultant for Hima Cement, says the company has been on the ground since 2015 when it acquired an exploration licen... |
Uganda sees big drop in cement prices17 October 2019, Published under Cement NewsUganda has seen increased competition and lower cement prices with the entry of Simba Cement (National Cement – Devki Group) and Kampala Cement. A 50kg bag now retails at an average price of UGX28,000 (US$5.70), down from UGX39,000 (US$10.80). While Hima Cement (LafargeHolcim)and Tororo Cement remain the dominant players, competition has been accelerated by the Ministry of Trade, Industry and Co-operatives' measures to fast-track licensing of new cement manufacturers. |
Kenya's cement exports decline 65% in 1H1922 August 2019, Published under Cement NewsKenya’s domestic cement exports have recorded a 65.3 per cent decline in value to KES362.28m (US$3.5m) in the first six months of the year, against KES1.04bn in the 1H18, according to preliminary cement exports statistics from the Central Bank of Kenya (CBK). The country’s cement exports have been declining since 2015, with the decline attributed to new grinding plants and brownfield grinding expansions in Uganda and Tanzania, reports Business Daily. "A lot of Kenyan cement was supplyi... |
Rwanda Bureau of Standards rejects Hima Cement imports17 April 2019, Published under Cement NewsRwanda Bureau of Standards (RBS) returned cement imports into Rwanda by Uganda's Hima Cement Ltd (LafargeHolcim group) last month after they failed to meet the country's import quality standards. The cement that was transported in three 30t trucks was returned to Uganda, confirmed Uganda's government paper, New Vision. RBS Director General, Raymond Murenzi, clarified that the goods were subjected to routine standards tests which they failed to meet. The cement packages were found to weigh... |
Hima Cement to return illegally-acquired land in Tororo08 April 2019, Published under Cement NewsHima Cement Ltd has agreed to surrender back over 30 acres of land it illegally acquired in Mwello, Tororo, Uganda, according to The Observer. The company’s Managing Director, Nicolas George, said the company will ensure the residents will have their land returned. Earlier this week, Mwello residents petitioned the Justice Catherine Bamugemereire-led Land Probe Commission, accusing Hima of coercing them through its agents, Optima Mines Consultancy Ltd, into selling their land at a cheap pr... |
Investment in Ugandan cement plant at risk due to land acquisition challenges05 April 2019, Published under Cement NewsUganda is at risk of losing a US$250m cement plant investment to Kenya due to challenges associated with land acquisition in the country, according to Hima Cement’s Managing Director, Nicolas George. Mr George said Hima Cement’s parent company LafargeHolcim took a decision to invest US$250m in Uganda, Kenya, Tanzania, Zambia and Zimbabwe. “We have been wondering where to invest money and Uganda was our number one destination but it is likely to lose the opportunity to Kenya where it is eas... |
National Cement continues to plot a successful course in east Africa25 January 2019, Published under Cement NewsThis week, China's Sinoma Energy Conservation announced that it has a contract with National Cement Co Ltd (Devki Group) to build a new waste-heat power project at its Athi River cement plant. The leading east African cement producer will provide a KES25.5bn (US$251m) investment for Sinoma to provide power for its Athi cement plant as well as a power unit for its raw steel processing factory in Mombasa. "The total installed capacity of the two projects is 53.5MW… The project (over a pe... |