Cement News tagged under: Zambia

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Dangote's 1H20 results see 2% revenue growth

27 July 2020, Published under Cement News

Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said:  "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ...

China National Building Materials (CNBM)

28 October 2019, Published under Cement News

CNBM may be ramping up its capacity in Zambia, but fears of growing overcapacity in the country’s cement sector are forcing prices up as producers fight to stay in business. Zambia’s current cement consumption stands at around 2.2Mta. However, its cement industry has a production capacity of nearer 5Mta and there are no signs of that abating.  CNBM currently has a presence in Zambia through its subsidiary Sinoma Mpande Limestone Ltd, whose 1Mta integrated plant in Chongew Mpande Industria...

Overcapacity in Zambia continues unabated

04 October 2019, Published under Cement News

This week, CemNet reported that the cement industry in Zambia has so much overcapacity that Lafarge Zambia has been forced to raise its prices in an attempt to stay in business. While domestic cement consumption stands at approximately 2.2Mta, the cement industry has a production capacity of about 5Mta and continues to expand. Government support for cement sector Zambia's ZMW106bn (US$8.1bn) 2020 budget will provide some relief for the sector as spending plans include ZMW1.1bn for po...

Lafarge Zambia Plc had to raise prices to stay afloat

02 October 2019, Published under Cement News

Lafarge Zambia's CEO, Jimmy Khan, has spoken out about the crippling overcapacity in Zambia's cement market. Mr Khan said Zambia's cement consumption stands at around 2.2Mt compared to a production of about 5Mt. Mr Khan told President Lungu at State House in Lusaka yesterday that his company recently hiked cement price by 25 per cent to stay in business. Mr Khan said his firm made losses of about ZMW43m (US$3.3m) due to many players coming in the sector and that management saw it fit to inc...

Dangote Cement

22 May 2019, Published under Cement News

The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

New limestone discovery in Zambia attracts cement plant interest

29 March 2019, Published under Cement News

The recent discovery of limestone in Nyimba district, Zambia, is anticipated to attract cement plant investors to the mineral resource-rich district, Eastern Province regional mining survey officer Brian Nyambe has said. An investor has since expressed interest to set up a cement plant in the district. Zambia currently has four integrated and one grinding plant, with a total cement capacity of approximately 3.6Mta.

Lafarge Zambia appoints new CEO

06 March 2019, Published under Cement News

Lafarge Zambia (LafargeHolcim group) has appointed Jimmy Khan as its new Chief Executive Officer. Board Chairman, Muna Hantuba, stated Mr Khan's appointment is with immediate effect. "Mr Khan holds a Bachelor of Science in Business with a major in Accounting and Information System from Virginia Tech University in the United States of America. His career with Lafarge spans 14 years, with his previous roles within the group having included Country Business Process Manager, Audit Manager and H...

BBMG and Tangshan Jidong resume US$290m Zambia plant

27 November 2018, Published under Cement News

BBMG Corp and Tangshan Jidong Cement recently resumed work on the development of a 1.28Mta cement plant in Zambia. They will build the waste heat recovery unit and the first clinker production line. The preheater, kiln and clinker store are ready. Up to 60 per cent of the US$290m investment will be secured from Bank of China, the IFC and South-Africa based Nedbank Ltd. Around 20 per cent of the project capital has been invested by the project owners, Tangshan Jidong Cement will raise the r...

Dangote Zambia sees surge in cement sales

09 November 2018, Published under Cement News

Dangote Cement Zambia Ltd  has reported a 40.9 per cent rise in sales to 768,000t of cement in the first nine months of 2018 supported by an increase in demand for housing and infrastructure. “We remain positive about the future as a business because of the increased cement demand from construction sector. We have claimed over 40 percent of the market simply because it is a preferred brand,” said Albert Corcos, Dangote’s CEO for east and southern Africa.