Cement News tagged under: West Africa
Bagged cement price sees 22% rise in Côte d’Ivoire28 June 2022, Published under Cement NewsThe price of bagged cement in Niakara, Côte d’Ivoire, has increased by 22% to XOF110,000/t (US$177.53/t) from XOF90,000/t reported Agence Ivoirienne de Presse. "From now on, we are selling the 50kg bag of cement at XOF5500 against XOF4500, the usual price, so we make the tonne of cement at XOF110,000 and not at XOF90,000 as before," according to one manager of a hardware store in Niakara. He added that the suppliers attributed the price increase to the Russia-Ukraine war. |
Benin government caps cement price20 June 2022, Published under Cement NewsThe government of Benin has set a price cap on the price of cement with the new price ceiling dependent on the locality. The price is capped from 17 June 2022 for four months. The government has taken the step “in support of populations faced with soaring prices of consumer products” and during the four-month period the Ministry of Commerce will carry out “strict controls and regular prices.” |
Ghana sees cement price rise16 June 2022, Published under Cement NewsThe price of a 50kg bag of cement in Ghana is to increase by more than GHS5 to reach GHS66 (US$8.30) from 15 June 2022. According to JoyBusiness, the country’s cement producers are hoping this will offset some of the costs of transporting the cement to other parts of Ghana. This comes on the back of a rise in production costs due not only to the increase in fuel prices affecting transportation costs, but also a recent depreciation of the Ghanaian Cedi. These challenges have been further c... |
Foundation stone laid for Cimenterie Atlas02 June 2022, Published under Cement NewsColonel Assimi Goïta, interim president and the current head of state for Mali, laid the foundation stone for Cimenterie Atlas, a new grinding plant at Dio Gare, Koulikoro region, Mali on 2 June 2022. It is hoped that the 0.8Mta grinding station will help Mali become self sufficient in cement, as well as create 150 permanent new jobs, according to M Papa Oumar Samake, CEO of Atlas. Construction of the XOF50bn (US$50m) plant, which is entirely financed by Malian principals with loans from... |
COCMAG calls on members to uphold cement sector integrity26 May 2022, Published under Cement NewsCement manufacturers in Ghana are being urged to comply with fair trade practices in a bid to promote the cement industry and protect the integrity of the country’s construction sector. According to the Chamber of Cement Manufacturers Ghana (COCMAG), it is vital that intense competition in the country’s cement sector does not lead to unfair trade practices, such as the production of substandard cement, supplying underweight bagged cement, violating environmental protection matters at ports a... |
SONACIM names new MD and deputy MD26 May 2022, Published under Cement NewsElhadj Bineye Emma has been appointed the new managing director of Société Nationale de Ciment (SONACIM) in Chad by Decree 1319 of 23 May 2022. He will succeed Ahmat Issakha Diar. The decree also sees the appointment of Koye Ndaye Benoit as deputy MD, replacing Kone Allah-Ridy. |
IFC to fund Diamond Cement Guinea with US$30m loan17 May 2022, Published under Cement NewsThe International Finance Corporation (IFC) has agreed to provide a US$30m loan to Diamond Cement Guinea , a subsidiary of West African Cement (WACEM), to support the completion of their 0.75Mta integrated cement plant. The new greenfield plant, which is located approximately 25km from the town of Sougueta, Kindia prefecture, is the first integrated cement plant in Guinea. The plant’s 1500tpd clinker line commissioned in April 2021, while the 0.8Mta grinding unit will be commissioned i... |
Norfund invests in Continental Blue Investments Ghana06 May 2022, Published under Cement NewsNorfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to reduce CO 2 emissions and increase job opportunities at its 0.55Mta Tema plant. Earlier this year CBI Ghana placed an order with FLSmidth to supply the world’s largest clay calcination installation . The facility is expected to reduce total CO 2 emissions by up to 20 per cent compared to current practices and by ... |
BUA sees jump in profit following new plant25 April 2022, Published under Cement NewsBUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven times to NGN186m on the back of insurance claims, which represented 88.7 per cent of the income class. In addition, the management reduced net finance costs by 96.5 per cent. Post-tax profit increased by 48.2 per cent to NGN33.1bn when compared with the 1Q21. Profit margins stood at 34.2 per cent. BUA Cement expects to... |
Lafarge (Wapco) Cement Plc records profit of NGN17.55bn in 1Q2225 April 2022, Published under Cement NewsNigeria’s third-largest cement producer, Lafarge (Wapco) Cement Plc , has released its 1Q22 unaudited results reporting a profit of NGN17.55bn (US$42.2m) during the period, representing 92.2 per cent YoY increase. Revenue growth for the period reached 26.8 per cent YoY. Sales of cement increased by 26 per ent achieving sales of NGN87.99bn, and sales of aggregates and concrete grew by 62.29 per cent, generating NGN2.52bn during the period. Mortar sales also increased by 60.41 per cen... |