Cement News tagged under: West Africa
BUA Cement appoints new CFO05 October 2020, Published under Cement NewsNigeria's BUA Cement has appointed Jacques Piekarski as its new chief financial officer, effective 2 October 2020. Abdul Samad Rabiu, chairman, stated: "The board is confident that Piekarski’s broad experience, strong leadership capabilities and understanding of the industry will ensure that BUA Cement is well positioned to take advantage of available opportunities to drive improved operational performance and sustain our profitable growth trajectory." Prior to joining the company, Mr ... |
Empire Cement Packaging plans affordable cement for Ghanaians30 September 2020, Published under Cement NewsEmpire Cement Packaging Ltd has acquired 18.74 acres of land in Weija, Ghana, to establish the company under the One District One Factory initiative. The company has reiterated that it has a comprehensive plan to operate without affecting or disturbing other companies such as the Panbrose Salt Company. Empire Cement Packaging Ltd aims to deliver affordable cement to Ghanaians. The 1Mta factory will cost approximately US$500m and is being developed in partnership with Obokom Civil Engineerin... |
CimCo to receive loan for Togo project29 September 2020, Published under Cement NewsCimenterie de Côte Ouest-Africaine (CimCo) is expected to receive a XOF20bn (US$35.62m) loan from the West African Development Bank (BOAD) for its project in Lomé, Togo. The long-term facility was approved by the bank’s board of directors last Friday. "The targeted goal is to contribute to the satisfaction of cement demand in Togo and the region by taking advantage of the geographic location of the port of Lomé, as well as to contribute to the country’s economic growth by boosting the comp... |
The last iceman in west Africa28 September 2020, Published under Cement NewsDr Michael Clark takes a look at the history of the cement industries in Côte d’Ivoire, Burkina Faso and Togo, which have each seen an influx of new capacity surplus to demand. Regarding the strategy behind the companies investing in new facilities, it could be a case of defending market share in a hugely competitive environment. HeidelbergCement’s clinker plant in Tabligbo, Togo The inspiration for this month’s Technical Forum came from the CemNet webinar held on Wednesday, 3 ... |
Dangote Cement PLC offers transparency for 2019 Annual and Sustainability Report24 September 2020, Published under Cement NewsDangote Cement offered transparency of the facts behind the figures of its combined Annual and Sustainability Report of 2019 in a webinar. The report was presented online yesterday to the capital market stakeholders. Michel Puchercos, Dangote Cement’s general managing director, said: "We continue our efforts on sustainability and governance with our seven sustainability pillars – 'The Dangote Way'. The seven pillars – cultural, economic, institutional, financial, environmental, operatio... |
Ghana sees 4% drop in sales in 1Q2001 September 2020, Published under Cement NewsTotal cement sales in Ghana have fallen 3.9 per cent YoY in the first quarter of 2020. The 1Q volume in 2020 reached 814,979t, when compared with 848,259t in the 1Q19. The drop in cement sales has been attributed by the Bank of Ghana due to a slowdown in construction activity due to the coronavirus pandemic. Cement prices in Ghana have been affected by the sharp fluctuations int he Ghanaian cedi in comparison with the US dollar. |
Malbaza Cement to open new quarry17 August 2020, Published under Cement NewsMalbaza Cement Co intends to open a new quarry to obtain limestone, sand and clay in Malbaza, Niger. The opening of the new quarry is planned as the old deposits are being exhausted, according to the country’s government, who has declared the project of public interest. Malbaza Cement opened its 0.65Mta cement plant in 2019. Output from the facility is expected to cover 80 per cent of domestic demand and will enable Niger to considerably reduce cement imports. |
Nigeria in focus07 August 2020, Published under Cement NewsNigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financial constraints arising from COVID-19 and general apathy for cement demand. Nigeria has been at the head of the queue to see African cement demand recovering with BUA Cement and Dangote cement reporting an upturn in 1H20 sales, while exports have begun for Dangote. BUA Cement's 1H20 results saw a robust 12.7 per cent ... |
Dangote's 1H20 results see 2% revenue growth27 July 2020, Published under Cement NewsDangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said: "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ... |
BUA Cement plans new 3Mta plant in Adamawa06 July 2020, Published under Cement NewsNigeria’s BUA Cement has announced that it is planning to establish a 3Mta cement facility and 50MW power plant in the Guyuk and Lamurde areas of Adamawa state. While visiting the state governor, Abdul Samad Rabiu, chairman of BUA Cement, reportedly referenced preliminary findings which show that the two areas have good quality limestone deposits and said the company is ready to begin investment in the state. Mr Rabiu noted that the Guyuk plant would be a major investment into the northea... |