Cement News tagged under: West Africa

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Dangote Cement Group reports FY20 revenues of NGN1034.2bn

24 March 2021, Published under Cement News

Dangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m. Michel Puchercos, Group CEO, said: "Despite the impact of the COVID-19 pandemic, 2020 was a reco...

Dangote Cement confirms appointment of CFO

22 March 2021, Published under Cement News

Nigeria’s Dangote Cement has confirmed the appointment of Guillaume Moyen as chief financial officer, with effect from 18 March 2021. Mr Moyen joined Dangote Cement in February 2019 as Group CFO (Operations) and was appointed Acting Group CFO in March 2019. He is in charge of finance and IT and has more than 20 years’ experience in multi-national industrial and services companies, notably operating in emerging markets.

Senegalese cement output up 9% in December 2020

17 March 2021, Published under Cement News

The production of cement in Senegal has advanced 8.9 per cent MoM in December 2020. However, domestic cement sales have slipped by 0.1 per cent  while exports were down 9.2 per cent MoM, according to the national statistics and demographic agency, ANSD. When compared with the year-ago period, production edged up 0.9 per cent, while local sales remained stable and exports contracted by 17 per cent.

Togo's new 2.5Mta plant to open next September

12 March 2021, Published under Cement News

CimMetal has provided an update for its 2.5Mta new plant project in Togo. Preliminary works related to construction are now 65 per cent complete and the plant is expected to open in September 2022. The company is set to invest XOF65bn (US$118.26m) in the project, while CimCo also received XOF25bn of funding from the West African Development Bank. 

Ghana reports cement price increase

09 March 2021, Published under Cement News

Ghana has reported a small rise in cement prices due to an increase in the cost of imported clinker in recent days. A bag of cement which was earlier sold for GHS38 (US$6.62) is now being sold for GHS41, according to GhanaWeb. "There has been a price hike because of certain challenges which industry players are facing while importing the major raw material called clinker which is used to produce cement. We don’t have it here and it is a very small quantity that we are able to get locally,"...

Kalambaina Cement to launch second line in July

08 March 2021, Published under Cement News

Nigeria's Kalambaina Cement (BUA Cement) is set to launch its 3Mta second line in July this year, which is expected to increase supply and stabilise the price of cement, according to the company. The plant, based in Sokoto State, is expected to scale-up cement production after commissioning the new line in order to meet the country’s current and projected demand.

Lafarge Africa to install baghouse at Ewekoro

02 March 2021, Published under Cement News

Nigeria’s Lafarge Africa has committed US$8m to change its current electrostatic precipitator to a baghouse at its Ewekoro plant. As a result, the company is planning to shut down the plant’s kilns for at least six months to make the improvement, according to The Punch. Khaled El-Dokani also noted alternative fuels currently make up 40 per cent of the plant’s fuel mix, while the target is for the company’s plants to be operating on at least 35 per cent by 2023.

Vicat announces FY20 sales of EUR2805m

17 February 2021, Published under Cement News

Vicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL.  Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT...

BUA Cement sees 19% revenue increase

05 February 2021, Published under Cement News

Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbed 15.5 per cent YoY to NGN82.5bn from NGN71.42bn. Profit after tax also rose 16.3 per cent to NGN70.51bn from NGN60.61bn in 2019.

Société Ciment Côte d’Ivoire’s new plant inaugurated

01 February 2021, Published under Cement News

Côte d’Ivoire’s Minister of Trade and Industry, Souleymane Diarrassouba, inaugurated the new cement plant of Société Ciment Côte d’Ivoire (SCCI) in the PK24 Industrial zone of Akoupé-Zeudji. SCCI commissioned a 1.5Mta cement plant, which represents an investment of XOF60bn (US$110.55m). The new production unit is expected to create 300 direct jobs and 1069 indirect jobs. SCCI is a subsidiary of Atlantic Financial Group, owned by local businessman Kone Dossongui.