Cement News tagged under: West Africa

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Lafarge Africa to install baghouse at Ewekoro

02 March 2021, Published under Cement News

Nigeria’s Lafarge Africa has committed US$8m to change its current electrostatic precipitator to a baghouse at its Ewekoro plant. As a result, the company is planning to shut down the plant’s kilns for at least six months to make the improvement, according to The Punch. Khaled El-Dokani also noted alternative fuels currently make up 40 per cent of the plant’s fuel mix, while the target is for the company’s plants to be operating on at least 35 per cent by 2023.

Vicat announces FY20 sales of EUR2805m

17 February 2021, Published under Cement News

Vicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL.  Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT...

BUA Cement sees 19% revenue increase

05 February 2021, Published under Cement News

Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbed 15.5 per cent YoY to NGN82.5bn from NGN71.42bn. Profit after tax also rose 16.3 per cent to NGN70.51bn from NGN60.61bn in 2019.

Société Ciment Côte d’Ivoire’s new plant inaugurated

01 February 2021, Published under Cement News

Côte d’Ivoire’s Minister of Trade and Industry, Souleymane Diarrassouba, inaugurated the new cement plant of Société Ciment Côte d’Ivoire (SCCI) in the PK24 Industrial zone of Akoupé-Zeudji. SCCI commissioned a 1.5Mta cement plant, which represents an investment of XOF60bn (US$110.55m). The new production unit is expected to create 300 direct jobs and 1069 indirect jobs. SCCI is a subsidiary of Atlantic Financial Group, owned by local businessman Kone Dossongui.

GCM to build 0.64Mta plant in Burkina Faso

28 January 2021, Published under Cement News

General Community Management (GCM) Industries has started the construction of a 0.64Mta cement plant on a 7ha plot in the industrial zone of Kossodo, Burkina Faso. The first stone was laid in a ceremony led by the country’s Minister of Commerce and Industry, Harouna Kaboré, on 26 January 2021, according to Radiodiffusion Télévision du Burkina. The project, which has the option to expand capacity to 1.2Mta, represents an investment of XOF73.9bn (US$136.6m). The project has benefitted from t...

Cement prices cool in Mali

26 January 2021, Published under Cement News

Following cement prices of XOF130,000/t (US$240.48/t) reported 10 days ago, the price of cement in Mali has been falling to XOF95,000-110,000/t, depending on the location. The price drop is due to a resumption of normal supply as Diamond Cement and the routing of around a 100 loads from Dakar, Senegal.

Lafarge Africa to sell 35% stake in Ghana operations

25 January 2021, Published under Cement News

Following an emergency meeting of its Board of Directors, LafargeHolcim-owned Lafarge Africa Plc reached an agreement to offload its 35 per cent holding in Ghana-based Continental Blue Investment after years of loss-making. The step is the second major divestment in less than two years after Lafarge Africa’s US$316m sale of its South African subsidiary in July 2019. Proceeds of this deal went to settling Lafarge Africa’s debt to Caricement BV in a debt-to-equity swap, improving the company...

Nigeria: search for new markets

19 January 2021, Published under Cement News

While Nigerian cement volumes rose sharply in the 3Q20 amid the COVID-19 pandemic, there is limited room for strong volume and price growth. For the oligopolistic domestic cement industry, competitive pressures are a central theme and cost efficiencies remain key. Given challenges locally, new export opportunities could potentially be opening up. By Afrinvest, Nigeria. For Nigeria’s cement industry, competitive pressures remain important despite the sharp rise in domestic volumes i...

Cement price in Mali surges due to shortage

15 January 2021, Published under Cement News

Cement is becoming an increasingly scarce product in Mali. As a result, prices have risen from XOF90,000/t to XOF125,000-130,000/t, according to MaliActu.  In 2019 Mali had a cement demand of around 2.8Mt, with future consumption underpinned by a need for infrastructure and high population growth. However, output from the country’s cement industry is only approximately 1Mta and wide-spread shortages have been reported.

BUA Cement sees growth in Nigerian market

08 January 2021, Published under Cement News

This week, BUA Cement completed its NGN115bn (US$291bn) Series 1 corporate bond issue. The company is set on an expansion programme that will result in its production capacity reaching 22Mta by 2022 with three new production units established in Edo, Sokoto and Adamawa states, adding 9Mta to group cement capacity. BUA Cement sees a good opportunity to grow further in its domestic market of Nigeria, despite the presence of Dangote Cement, which has an installed capacity of 29.3Mta in Niger...