Cement News tagged under: West Africa
Lafarge Africa Plc announces 1H21 group revenues of NGN145m18 August 2021, Published under Cement NewsLafarge Africa PLC (Holcim group) announced 1H21 group revenue of NGN145m (US$351.9m) with gross profits of NGN48m. In the 2Q21, group revenue reached NGN73.5m and gross profits amounted to NGN28.9m. Group cement sales totalled NGN71.5m in the 2Q21 and NGN141.4m in the 1H21. Meanwhile, Aggregates and concrete sales amounted to NGN2m in the 2Q21 and NGN145m in the 1H21. Lafarge Africa Plc has a cement production capacity of 10.5Mta in Nigeria. |
Ghacem plans construction of new 1.5Mta plant09 August 2021, Published under Cement NewsGhacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based company, Stefano Gallini, noted that the project is related to surging demand in that part of the country. Its Tema and Takoradi plants will also be expanded to improve efficiency, according to reports. The new project represents an investment of around US$100m and is expected to export products to Burkina Faso and ot... |
Dangote Cement sees 45% rise in revenue05 August 2021, Published under Cement NewsNigeria’s Dangote Cement has posted a 44.8 per cent YoY rise in group revenue to NGN690.55bn (US$1.676bn) in the first half of 2021, compared to NGN476.85bn in the year-ago period. Group EBITDA also climbed 61 per cent to NGN351.06bn from NGN218.07bn in the 1H20, while the EBITDA margin increased to 50.8 per cent from 45.7 per cent. Overall group cement volumes advanced 26.1 per cent YoY to 15.28Mt from 12.11Mt, supported by strong demand across all operations. "We are pleased to report... |
New entrants to help meet Nigeria's increasing cement demand30 July 2021, Published under Cement NewsThis week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, but there has also been an announcement that new entrant Madugu Cement will establish a 5Mta greenfield cement plant in Gombe State. While the country is building its cement capacity at an astonishing rate, cement demand is still outpacing output and the extra capacity is not yet being reflected in lower cement prices... |
Lafarge Africa Plc opts for 52 LNG trucks28 July 2021, Published under Cement NewsAt Lafarge Africa Plc (Holcim group) has reaffirmed its commitment towards affordable and clean energy, through the launch of a new set of 52 LNG-fuelled trucks. The implementation of the natural gas powered trucks in partnership with Ecologique will improve environmental performance as LNG generates 30 per cent less CO 2 t han fuel oil and 45 per cent less than coal. The combustion of natural gas dissipates much more quickly in the air, leaving no particles or residue. Spe... |
Senegal demand surges but exports fall in April28 July 2021, Published under Cement NewsThe Senegalese cement market expanded by 158.7 per cent in April 2021, according to the Agence Nationale de la Statistique et de la Demographie. However, domestic output declined by 9.9 per cent while export sales slipped by 3.5 per cent YoY in April 2021. |
Nigeria to build new 5Mta cement plant in Gombe State27 July 2021, Published under Cement NewsMadugu Cement is set to establish a 5Mta cement factory in Kembu and Kwali districts of Akko and Yalmatu Deba, Gombe State, Nigeria. The plant will be built by Sinoma International Engineering Company Ltd in partnership. Gombe State Governor, Muhammadu Inuwa Yahaya, said: "Your coming here is very apt and we welcome you most profoundly because we benefitted from the existence of the one and only cement company in the sub-region, in fact in the whole of the north we have only four cem... |
Dangote's Edo plant is ready to start production23 July 2021, Published under Cement NewsDangote Cement's US$1bn plant in Edo, Nigeria, is completed and set for commissioning. The plant has a cement production capacity of 6Mta and is built on a 100ha plot. The integrated cement plant, near Okpella, was built by Sinoma International Engineering Co and 1500 local workers collaborated with the Chinese engineers on the project. The factory would employ at least 6000 persons when it commenced operations. Mr Patrick Omokagbo, director of Stakeholder Management at Dangote ... |
Cimencam appoints new executive board chairman15 July 2021, Published under Cement NewsCameroon’s former Minister of Mining, Jacques-Yves Mbélé Ndoé has been appointed chairman of the Cimencam’s executive board and as a result, is also the representative of the country’s President in the company’s executive board. He succeeds Pierre Moukoko Mbonjo as of 13 July 2021. After his training in Dakar, Senegal, Mr Mbélé Ndoé joined the Cameroon government from 7 December 1997 until 24 August 2002. His appointment comes days after Minister of Trade, Luc Magloire Mbarga Atangana’s ... |
Dangote acquires 20,000 vehicles to improve distribution13 July 2021, Published under Cement NewsNigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," said Dangote spokesperson Tony Chiejine. "We have acquired the new trucks in line with our new expan... |