Cement News tagged under: West Africa
LafargeHolcim Côte d’Ivoire launch Bélier Blanc13 October 2022, Published under Cement NewsThe General Management of LafargeHolcim Côte d'Ivoire proceeded on 6 October 2022 to an official launch ceremony of its latest product ‘Bélier Blanc’, the first white cement produced in west Africa. The event was held at its plant in the presence of the Deputy Director of Cabinet of the Minister of Commerce, Industry and SME Promotion, and several state authorities. LafargeHolcim Côte d’Ivoire ( Holcim ) Bélier Blanc's development required an investment of more than XOF1bn (US$1.48m)... |
Dangote in crisis talks over violence at Obajana plant12 October 2022, Published under Cement NewsAliko Dangote, president of the Dangote Group , has met with state governors to try and resolve the crisis at the cement producer’s Obajana plant. In attendance at the meeting was Yahaya Bello, governor of Kogi State, Abdullahi Sule, governor of Nasarawa State, and Ibrahim Gambari, chief of staff to the President of Nigeria. The meeting follows violence at the plant after the Kogi State Government attempted to seal the plant over concerns relating to tax evasion and legal ownership of ... |
Dangote responds to Obajana plant closure10 October 2022, Published under Cement NewsDangote Cement Plc wishes to enlighten stakeholders and the public on the recent shutdown at its Obajana Cement plant in Kogi State. Dangote Cement said, "thugs and local vigilantes from the State Government invaded and sealed the Obajana Cement plant [last Wednesday] over alleged claims of unpaid taxes and Kogi State Government purported equity interest in Dangote Cement PLC. This development led to several of our staff being harmed by these thugs and local vigilantes." Dango... |
Dangote's Obajana cement factory closed off06 October 2022, Published under Cement NewsDangote Cement's Obajana cement factory in Kogi state, Nigeria, has been sealed off by Kogi State Internal Revenue Service (KGIRS). The plant has been closed off because KGIRS is investigating the company over tax evasion and acquisition controversy, according to Politics Nigeria. In explaining the action, Kingsley Fanwo, the Kogi State Commissioner for Information, said: “Pursuant to the Constitutional authorities of the Kogi State House of Assembly, and upon petition by the people of... |
Cement price in Ziguinchor falls to XOF88,00027 September 2022, Published under Cement NewsThe Regional Consumer Council (CRC) of Ziguinchor (South), Senegal, set the sale price of cement at XOF88,000 (US$129.81)/t following a meeting with stakeholders. A bag of cement will be sold at XOF4400/t. The new price, which represents a XOF2000 decrease, will be applied through the Ziguinchor region and first displayed in the various cement distribution locations, according to Ousmane Ka, head of the regional trade department. |
Empire Cement Factory under fire from local residents23 September 2022, Published under Cement NewsThe Empire Cement Factory (ECF) in Ghana is coming under pressure from local residents who claim the company is failing to adhere to the Environmental Protection Agency’s (EPA) directive to cease operations. According to The Ghanaian Times, instead of halting operations, the plant is believed to have started production of cement “at an alarming and accelerated speed,” said Eddie Quaynor, chairman of the McCarthy Hill Residents’ Association in Accra. Three silos are believed to have be... |
CEMENCO drops its cement prices15 September 2022, Published under Cement NewsLiberia-based CEMENCO has announced a drop in its cement prices. According to the company, the move is in keeping with recent action by the government of Liberia to adjust petroleum prices in the country. Effective from 13 September 2022, the new prices will be US$7.50 for CEM II/B-M 32.5R, US$8.10 for CEM II/B-M 42.5R, and US$9.50 for CEM II 52.5R. CEMENCO has said that a second price reduction may take place on 1 October this year. Last week Liberia’s Ministry of Commerce announced a... |
Dzata Cement calls for raw material VAT waiver06 September 2022, Published under Cement NewsGhana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip Archer, instability in the local currency had significantly pushed up cement producers’ operating costs and this would result in cement producers passing on the cost to consumers as higher cement prices. Nana Archer said the company also paid fumigation levy on its imports, whereas vessels that brought in the semi-fi... |
Ghana raises cement prices05 September 2022, Published under Cement NewsCement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in raw material costs has caused a sudden rise in production costs, particularly from July this year, leading to the price increase, reports Pulse. According to Joy News, Ghacem ’s Extra brand is now selling at GHS72.9/50kg bag. |
What's driving Nigerian cement demand?02 September 2022, Published under Cement NewsBUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria. The aim is to make Nigerian cement production more sustainable and reduce the cost of the product, according to BUA Cement. But what other drivers have continued to bolster cement capacity growth in the west African country? While domestic demand has been growing rapidly and caused cement prices to spiral upward, t... |