Cement News tagged under: West Africa

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Dangote reports 82% advance in pan-African revenue

31 July 2023, Published under Cement News

Dangote 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 NGN221bn

31 July 2023, Published under Cement News

BUA 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 ship

18 July 2023, Published under Cement News

Takoradi 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 prices

17 July 2023, Published under Cement News

Cement 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 Nigeria

06 July 2023, Published under Cement News

Lafarge 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 Label

27 June 2023, Published under Cement News

Lafarge 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 April

20 June 2023, Published under Cement News

The 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.

Lafarge Africa appoints new CEO

15 June 2023, Published under Cement News

Mr Lolu Alade-Akinyemi has been appointed group managing director/chief executive officer (GMD/CEO) of Lafarge Africa  (part of Holcim ) with effect from 1 July 2023. Prior to this appointment, Mr Alade-Akinyemi was the company’s CFO and the supply chain director. He was appointed an executive director to the board on 8 April 2020. He has over 20 years of cross-functional experience in finance, supply chain, business development, and sales. According to the company, Mr Alade-Akinyemi i...

BUA boosts capacity by 6Mta

07 June 2023, Published under Cement News

BUA Cement has received funding to develop two new production lines at its cement plant in Sokoto state, Nigeria. The US$500m funding will boost BUA’s total production capacity from 11Mta to 17Mta, according to Reuters. Each line will produce around 3Mta, serving markets in Nigeria, Niger and Burkina Faso, and run partly on alternative fuels derived from waste and solar power. The funding includes US$160.5m from the International Finance Corp, US$245m in syndicated loans from the Afr...

Rising cement prices hit housebuilding in Nigeria

15 May 2023, Published under Cement News

Rising cement prices in Nigeria are hampering housing development plans across the country. According to a survey by The Guardian, prices of building materials have soared by over 70 per cent between January 2022 and May 2023. A 50kg bag of cement that was selling for NGN3500 (US$7.60) in 2022 now hovers around NGN4700-4800, according to the survey, due to the rise in cost of limestone, clay and gypsum. As a result, cement-based blocks, which previously sold at NGN380-400 are now selling at...