Cement News tagged under: West Africa
BUA invests in technology to lower costs11 August 2023, Published under Cement NewsBUA Cement has announced plans to invest in state-of-the-art technologies in a bid to reduce operating costs after reporting a 20 per cent increase in the cost of sales in the first half of 2023. According to the company, the increase was due to higher raw materials costs, energy costs, depreciation charges, and repair and maintenance costs. The Nigeria-based company has already invested in lower-pressure peroxide plants to reduce power consumption, and designed all its plants with tech... |
Dangote Cement appoints independent non-executive director08 August 2023, Published under Cement NewsDangote Cement Plc has appointed Alvaro Poncioni Mérian as independent non-executive director. Mr Mérian is founder and managing partner of EDNAM Capital, UK, and founder and executive chairman of Munegu Partners, Hong Kong. According to New Telegraph, Mr Mérian obtained a Master of Science Degree in Management and Finance from HEC Paris and Master of Arts Degree in Public Affairs and International Relations from Sciences-Po Paris. He was also previously global head of building material... |
Nigerian cement sector expands 16% YoY in 1H2307 August 2023, Published under Cement NewsThree of Nigeria’s leading cement producers have reported combined revenue of NGN1.37trn (US$1788m) in the opening six months of 2023, despite the challenging business environment. According to The Sun, Dangote Cement , BUA Cement and Lafarge Africa Plc ’s combined revenue marks a 16.1 per cent increase in the country’s cement industry sector compared to the same period last year. Combined profit after tax for the three companies also improved, up 2.5 per cent YoY to NGN277.7bn, of which... |
Dangote reports 82% advance in pan-African revenue31 July 2023, Published under Cement NewsDangote Cement has reported total sales volumes of 13.4Mt in the first half of 2023. Its pan-African sales, which includes all cement plant operations outside Nigeria, came in at 5.4Mt, up 11.6 per cent YoY, mainly due to robust demand in Ethiopia, Senegal, Zambia and Congo. Group revenue in the 1H23 stood at NGN950.8bn (US$1.23bn), up 17.7 per cent YoY, while pan-African revenue advanced 81.8 per cent to NGN336.4bn. Recurring profit after tax was up 37.4 per cent to NGN292.2bn, while ... |
BUA Cement posts 1H23 revenue of NGN221bn31 July 2023, Published under Cement NewsBUA Cement of Nigeria reported revenue of NGN221,067m (US$284.9m) in the 1H23, up 17.2 per cent from the NGN188,562m recorded in the 1H22. Operating profits totalled NGN86,940m in the 1H23, up 11.8 per cent from NGN77,737m in the 1H22. Profit before tax amounted to NGN76,425m, up from NGN77,378m in the 1H22. Profit after tax totalled NGN63,616m, a rise of 3.7 per cent from the NGN61,364m seen in the 1H22. |
Bedeschi helps Takoradi Port receive largest ship18 July 2023, Published under Cement NewsTakoradi Port, Ghana, has received the biggest bulk ship ever to call the port since its construction in 1928. Bedeschi Spa supplied all the conveyor lines of the terminal, the two shiploaders and one eco-hopper. The vessel, MV Baby Hercules, a bauxite carrier delivering raw materials for cement prodction, is a Capesize bulk ship with length over all (LOA) of 240m long and a draught of 16m, the first ever with these dimensions. Thanks to the automation installed by the company at the term... |
Sudden rise in Nigerian cement prices17 July 2023, Published under Cement NewsCement prices in Nigeria have risen suddenly, reportedly driven by high inflation that advanced to 22.4 per cent in May. In some markets, a 50kg bag of cement has increased in price from NGN4600-4700 (US$5.92-6.04) to NGN5000 in the space of a few days. According to The Guardian, the prices of building materials have increased by more than 70 per cent between 2022 and July 2023. Retailers have blamed this on higher logistics costs, along with higher fuel costs due to the removal of the fu... |
Lafarge Africa's Roadcem gets government approval in Nigeria06 July 2023, Published under Cement NewsLafarge Africa ’s road cement brand Roadcem has been approved for use by the Federal Ministry of Works and Housing in Nigeria. The product which is environmentally friendly increases the strength and bearing capacity of roads, reduces the thickness of the pavement structure, and modifies the chemical and mineral structure of soil materials. In Nigeria there is high variability in the quality of soil across the country. The use of traditional methods of excavating, placing and compacting ... |
Lafarge Africa launches Eco Label27 June 2023, Published under Cement NewsLafarge Africa Plc (part of Holcim ) has announced the launch of its Eco Label branding to help communicate the environmental benefits of its sustainable building solutions and build on the company’s net zero pledge. Eco Label represents a broad range of green cements for high performance, sustainability and circular construction, says the cement producer, Lafarge’s UniCem brand, which contributes about 23 per cent of the company’s entire volume, is now eco-friendly. Products that ar... |
Senegal's cement consumption fell 22% in April20 June 2023, Published under Cement NewsThe Senegalese cement market contracted 22.1 per cent MoM and 10.6 per cent YoY to 525,100t in April 2023, according to the country’s Department for Economic Planning and Policies (DPEE). While exports were down 17.6 per cent MoM in April 2023, when compared with April 2022 they surged 148.8 per cent to 159,200t. Output from domestic cement plants retreated 18.4 per cent MoM but increased by four per cent YoY to 693,500t in April 2023. |