Cement News tagged under: West Africa
BUA Cement announces plans for bond sale07 May 2021, Published under Cement NewsNigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the first NGN115bn tranche last year. Yusuf Binji, CEO, noted that the amount of the sale will depend on its funding needs but did not give an expected time for the sale. The company plans to expand capacity in the country to 20Mta from 11Mta. "We will only export our excess capacity if the Nigerian market is not able... |
Nigerian cement volumes climb to record levels for Dangote in 1Q2103 May 2021, Published under Cement NewsDangote Cement's Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company's Nigerian operations. When looking at the domestic sales alone, our Nigerian operations sold 4.8Mt, up 18.7 per cent YoY. While the company's ex-factory prices have remained stable since the end of 2019, revenues for Dangote’s Nigerian operations increased by 33.7 per cent to NGN239.7bn. In Nigeria, Dango... |
Dangote Cement records robust EBITDA growth in 1Q2103 May 2021, Published under Cement NewsDangote Cement Plc announced group revenues of NGN332.7bn (US$874.4m) in the 1Q21, up 33.5 per cent. Group EBITDA rose by 55.8 per cent to NGN178bn, while Pan-African EBITDA reached NGN23.7bn, an increase of 61.9 per cent. Profits after tax increased by 48.1 per cent to NGN89.7bn. Dangote Cement's group sales volumes rose by 18.7 per cent to 7.5Mt and Nigerian volumes increased by 22.2 per cent to 4.9Mt. Pan African volume growth saw double-digit growth of 12.8 per cent. "The first ... |
CimMetal to expand into Togo's cement market21 April 2021, Published under Cement NewsIn September 2020 Cim Métal Group’s CEO Inoussa Kanazoé started marketing cement from its Togolese subsidiary. Already active in Burkina Faso with CimFaso and Cimasso, as well as in Côte d’Ivoire with CimIvoire, CimMetal is now turning attention to Togo. The establishment of the Lomé plant with a cement capacity of 2.5Mta, representing an investment of CFA65bn (US$125m) , will see the installation of Gebr Pfeiffer milling technology. The Banque Ouest-Africaine de Développeme... |
Bedeschi to equip Port of Takoradi with shipunloading technology19 April 2021, Published under Cement NewsBedeschi has been awarded a major contract in Ghana. The scope of works include the design, procurement, manufacturing, supply, construction, supervision to installation, testing and commissioning and staff training for the cargo handling equipment in the Port of Takoradi. The scope of the project is the supply of handling equipment and services for bauxite and manganese in export and clinker in import. Bedeschi will supply five conveyor belts for a total average length of 3km, two shiplo... |
FLSmidth to supply control systems at Kirene16 April 2021, Published under Cement NewsChina’s CBMI Construction Co Ltd has contracted FLSmidth for the supply and engineering of three complete control systems at two existing and one new cement line in Kirene, Senegal. The order became effective in the first quarter of 2021. All three lines will have a shared digital infrastructure built on the FLSmidth ECS/ControlCenter™ platform, as well as its plant data management software, ECS/PlantDataManagement. The software is the operational interface for all data, allowing plant ma... |
Intercem Engineering wins Cimasso II grinding plant project15 April 2021, Published under Cement NewsIn May 2016 Intercem Engineering's third order out of five with the CimMetal Group’s 2Mta Cimasso grinding plant in Bobo Dioulasso started. The plant was commissioned by the end of 2018 and production started successfully. Due to a growing cement demand, the investor decided to double his capacity and ordered an extension line and an upgrade of the existing line from Intercem which will be integrated on the existing plant called Cimasso II. Cimasso II consits of three truck unloading... |
Dangote defends Nigerian cement prices13 April 2021, Published under Cement NewsDangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ... |
Sacko Holding to build new plant in Mali09 April 2021, Published under Cement NewsSacko Holding SA, a private Mali-based company, has finalised the funding of a US$300m cement plant in Bema, 30km from Diéma on the Noro du Sahel road, Mali. The company has also carried out exploration for limestone in the Bema area, according to Mali News. The plant will cover 4.5ha of the site, which will also include housing (15ha), and is expected to create 250-300 direct jobs initially, rising to 350-400 jobs after 2-3 years. Construction of the new plant is scheduled to commence be... |
BUA Cement sees 19% rise in profit01 April 2021, Published under Cement NewsNigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 19.3 per cent YoY to NGN209.4bn from NGN175.5bn. The company has attributed the positive results to its successful business continuity plan, alongside a growing market acceptance of BUA’s product offerings. |