Cement News tagged under: West Africa

RSS feed

Clinker substitution takes hold in Africa

12 May 2023, Published under Cement News

Ghana'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 1Q23

12 May 2023, Published under Cement News

BUA 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 plant

04 May 2023, Published under Cement News

Lafarge 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% YoY

02 May 2023, Published under Cement News

Lafarge 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 3M23

28 April 2023, Published under Cement News

Nigerian-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 mill

05 April 2023, Published under Cement News

To 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® burner

20 March 2023, Published under Cement News

Fives' 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...

BUA Cement's revenue increased by 40% in 2022

09 March 2023, Published under Cement News

BUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto).  Cement volumes in 2022 totalled 6.27Mt.   The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s...

Dangote Cement opens US$130m commercial paper offer

07 March 2023, Published under Cement News

Dangote Cement is currently raising NGN60bn (US$130.7m) through the issuance of commercial paper, under its NGN150bn commercial paper programme, reports The Nigerian Observer. The offer opened on 3 March 2023 and will close on 7 March 2023. The funds raised will be used for working capital requirements and general corporate purposes, the company stated in the offer document. The offer comes in two series - 6 and 7. Series 6 is a 181-day offer with a discount rate of 11.4310 per cent and...

Lafarge Africa sees net sales improve 27% YoY

06 March 2023, Published under Cement News

Lafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe advanced by 29.3 per cent to NGN84.2bn with the recurring EBIT margin moving from 22 per cent in FY21 to 23 per cent a year later. Earnings per share over the same period improved by 5.2 per cent from NGN3.17 to NGN3.33.  Khaled El Dokani, CEO of Lafarge Africa, commented, “In 2022, we recorded 27.3 per cent and 29.3...