Cement News tagged under: West Africa
Lafarge Africa appoints new CEO15 June 2023, Published under Cement NewsMr 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 6Mta07 June 2023, Published under Cement NewsBUA 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 Nigeria15 May 2023, Published under Cement NewsRising 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... |
Clinker substitution takes hold in Africa12 May 2023, Published under Cement NewsGhana's cement producers have struck out on a decarbonisation and low-carbon cement path. By using local resources for raw materials and reducing the clinker factor, cement manufacturers are targeting reduced imports of clinker and lower cement prices, as well as the benefits of CO2 reduction. This week the Director-General of Ghana Standards Authority, Professor Alex Dodoo, confirmed that plans are underway to build factories that can manufacture a substitute for clinker. "We have publishe... |
BUA Cement posts 9.7% rise in net revenue in 1Q2312 May 2023, Published under Cement NewsBUA Cement reports its net revenues rose by 9.7 per cent to NGN106.4bn for the quarter from NGN97bn (US$209.7m) in the same period a year ago. BUA Cement’s 1Q23 revenue per tonne increased by 18.5 per cent to NGN66,250/t from NGN55,904/t in the 1Q22. EBITDA declined by 2.8 per cent to NGN45bn from NGN46.3bn in the 1Q22. Earnings were offset by increases in raw materials, higher energy costs, depreciation charges, distribution costs and debt issue expenses. Costs of sales rose ... |
Lafarge Africa launches its Ewekoro bagging plant04 May 2023, Published under Cement NewsLafarge Africa ( Holcim group ) has launched a bag manufacturing plant in Ewekoro , Nigeria. The plant features cutting-edge and state-of-the-art machinery and equipment, the first of its kind in the country. With an installed capacity of 105m bags, of which 8.8m will be produced monthly, the plant is designed to handle large-scale production of bags in a safe and efficient manner. In addition, this investment further drives Lafarge Africa’s sustainability agenda as it reduces the CO... |
Lafarge Africa 1Q23 sales up 1.3% YoY02 May 2023, Published under Cement NewsLafarge Africa has reported a 1.3 per cent YoY uptick in net sales to NGN91,821m (US$199.4m) in the opening quarter of 2023. Recurring EBIT over the same period was up 0.8 per cent to NGN22,239m, while the recurring EBIT margin remained steady at 24 per cent. Profit before tax improved by 4.7 per cent YoY to NGN22,481m, but profit after tax saw a 14.9 per cent decline to NGN14,935m. Free cash flow in the 1Q23 came in at NGN4659m, up from a loss of NGN5113m in the same quarter a year ea... |
BUA Cement revenue rises by 9.7% in 3M2328 April 2023, Published under Cement NewsNigerian-based BUA Cement reported a revenue increase of 9.7 per cent to NGN106.9bn (US$232.2m) for the the three-month period ended March 2023 from NGN97bn in 3M22. Operating profit dropped by 9.4 per cent to NGN38.4bn for the 3M22 from NGN42bn in 3M22. Profit before tax fell by 15.6 per cent to NGN35.5bn from NGN42bn in 3M22. |
CIMAF orders polysius® booster mill05 April 2023, Published under Cement NewsTo reduce the clinker factor of cement produced in its plant of Ouagadougou, Burkina Faso, Ciments d'Afrique (CIMAF) has entrusted thyssenkrupp Industrial Solutions AG, BU Polysius, to install a polysius ® booster mill. By boosting the fineness and reactivity of the clinker portion, the high energy density mill will enable clinker substitution by local filler while maintaining both cement quality to local standards and production capacity of the exiting ball mill. Mohamed Naciri,... |
Fives to supply Sococim Industries with Novaflam® burner20 March 2023, Published under Cement NewsFives' double expertise in combustion and cement will be key to help Sococim Industries ( Vicat group ) reach its goal to increase the performance of its new cement plant line in Senegal while limiting its environmental footprint. Sococim , a long-standing customer of Fives, has three main goals to improve the kiln performance of its new cement line: • Use a large panel of fuels as well as alternative solid fuels (ie biomass) and alternative liquid fuels (ie used oil) • Reduce the emissio... |