Cement News tagged under: West Africa
Ghana’s cement producers not benefitting from power relief18 June 2020, Published under Cement NewsFollowing Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies located within the Tema Free Zone enclave say they have been denied such government support, considerably affecting their business. The affected parties, including CIMAF Ghana Ltd, have only received a rebate of 22 per cent of April invoice values, instead of 50 per cent. Speaking to the media, Rev Dr George Dawson... |
Senegal sees contraction in cement sector17 June 2020, Published under Cement NewsCement exports from Senegal have fallen by 42.3 per cent MoM in March 2020 while domestic sales slipped by 0.5 per cent, according to ANSD, the national agency for statistics and demography. YoY the drop was 41.5 per cent for exports while domestic sales edged up 0.2 per cent. Output at the country’s cement plants declined by 9.5 per cent MoM and 7.7 per cent YoY. |
Final acceptance certificate issued for Edo Cement second line09 June 2020, Published under Cement NewsOn 4 June, the final acceptance certificate (FAC) was issued from BUA Group to the EPC Contractor CBMI Construction, the core member of Sinoma International, for EDO Cement's second 6000tpd new lin, in Nigeria. The new plant has been under our operation and maintenance since June 2019 with a reliable and high running rate, much to the satisfaction of the client, said CBMI Construction. CBMI is awarded the final acceptance certificate for BUA Cement's second kiln line at the Edo ... |
BUA Cement posts 25.1% rise in revenue08 June 2020, Published under Cement NewsBUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY from NGN17.4bn to NGN20.1bn in the 1Q20, while profit after tax reached NGN19.8bn – a 26.2 per cent YoY increase from NGN15.7bn. Discussing the results, Yusuf Binji, Managing Director/CEO of BUA Cement, said the excellent performance in the 1Q financial results amid the outbreak of the COVID-19 pandemic is yet anothe... |
African cement escapes the pandemic; structural issues remain05 June 2020, Published under Cement NewsCemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika SA, covered several areas of concern from the impact of the COVID-19 pandemic on economies and cement demand to overcapacity and competition issues, while also providing a long-term outlook for the continent. Thomas Armstrong, Managing Editor of International Cement Review, opened the webinar with an overview of the ... |
FLSmidth wins kiln alignment order from Dangote Cement03 June 2020, Published under Cement NewsFLSmidth has entered into a frame agreement with the African conglomerate Dangote Industries to provide hot kiln alignment services to 16 Dangote kilns located in Africa. The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, the Republic of Congo, South Africa and Nigeria. Nigeria is the largest market covered in the agreement, with three locations comprised of 10 lines. The Hot Kiln Alignment Service agreement is bas... |
Dangote Cement sees 2% advance in 1Q EBITDA26 May 2020, Published under Cement NewsDangote Cement Plc reported a 3.8 per cent YoY increase in group revenue to NGN249.2bn (US$638.2m) for the first quarter of 2020 in its unaudited results for the three months ended 31 March 2020. Group EBITDA edged up 2.2 per cent to NGN114.2bn with an EBITDA margin of 45.8 per cent during this period. Pan-African EBITDA surged 23.4 per cent YoY to NGN14.6bn in the 1Q20, reflecting a 20.9 per cent margin. Profit before tax advanced 11.5 per cent YoY to NGN88.1bn. The company’s net debt stood... |
BUA Cement reports 48% rise in revenue in 201921 May 2020, Published under Cement NewsNigeria’s BUA Cement has reported a 47.5 per cent rise in revenue to NGN175.52bn (US$452.35m) for 2019, compared to NGN119.01bn in the previous year. EBITDA also surged 47.2 per cent YoY to NGN81.99bn from NGN55.7bn, while its EBITDA margin remained flat at 47 per cent. However, profit after tax was down 5.4 per cent YoY to NGN60.61bn in 2019, attributed to an NGN26.76bn tax credit given in 2018. "Going forward, our focus is to further harness the full benefits of the merger while making ... |
Lafarge Africa sees net profit rise 157% in 1Q2020 May 2020, Published under Cement NewsLafarge Africa has reported a 9.8 per cent increase in net sales to NGN63.97bn (US$178.93m) in its unaudited results for the first quarter of 2020, compared to NGN58.02bn in the year-ago period. Net profit surged 156.5 per cent YoY to NGN8.07bn from NGN3.15bn in the 1Q19. "I am proud of the plan Lafarge Africa has implemented to protect the health of our people while supporting our partners and communities. The first quarter results confirm that our turn around initiatives are effective a... |
Ghana's cement manufacturers form association05 July 2018, Published under Cement NewsSeveral of Ghana's leading cement manufacturers have formed the Cement Manufacturers Association of Ghana (CMAG) to protect and accelerate the development of the industry, according to Modern Ghana. Currently, membership extends to Ghacem Ltd (Tema, Takoradi), Diamond Cement Group (Aflao, Buipe and Takoradi) and CIMAF Ghana Ltd (Tema). Raju Baddharaju, Diamond Cement, has been appointed as the first chairman of the governing board. "All together we have an installed production capacity o... |