Cement News tagged under: West Africa

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Ghana sees cement price rise

16 June 2022, Published under Cement News

The 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...

COCMAG calls on members to uphold cement sector integrity

26 May 2022, Published under Cement News

Cement 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 MD

26 May 2022, Published under Cement News

Elhadj 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 loan

17 May 2022, Published under Cement News

The 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 Ghana

06 May 2022, Published under Cement News

Norfund, 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 plant

25 April 2022, Published under Cement News

BUA 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 1Q22

25 April 2022, Published under Cement News

Nigeria’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...

Senegalese cement sales see 6% upturn in January

11 April 2022, Published under Cement News

In January 2022 Senegal’s cement market expanded 8.9 per cent when compared with December 2021 and 6.2 per cent when compared with January 2021, says the country’s National Agency for Statistics and Demography (ANSD). Export sales declined 31.7 per cent MoM and 18.1 per cent YoY in January 2022.

Empire Cement Ghana denies producing cement without a permit

08 April 2022, Published under Cement News

Empire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers. Existing cement manufacturers in Ghana have also accused the new entrant of operating under unethical environmental conditions, reports Graphic Online. However, Empire Cement has denounced and discredited the accusations, saying it has not started producing cement at the factory for the open market. The co...

FLSmidth to supply World's largest calcined clay installation

31 March 2022, Published under Cement News

FLSmidth has won an order to supply CBI Ghana Ltd’s cement plant outside of Accra in southern Ghana with the world’s largest clay calcination installation. The facility will include the world’s largest gas suspension calciner system and a complete grinding station, adding another 120 per cent grinding capacity. Together with the new grinding station, the Swiss-owned company expects both financial and environmental return-on-investment from lower specific CO 2 emissions, energy- and f...