Cement News tagged under: Zambia

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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.

Dangote reports 15% rise in 9M EBITDA

23 October 2018, Published under Cement News

Dangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery....

Central African Cement Ltd established to build 5000tpd plant in Zambia

08 August 2018, Published under Cement News

ZCCM-Investment Holdings has announced that it has signed a shareholders' agreement with China Machinery Construction Group Ltd, also known as SinoConst, for the development of a cement plant. The joint venture project, called Central African Cement Ltd (CAC), will see ZCCM-IH holding 35 per cent of the shares in CAC, while SinoConst will hold the remaining 65 per cent. The project have a cement production capacity of 5000tpd and will use two 20MW captive coal-fired power plants. The detai...

Zambia starts work on new 1Mta cement plant

30 July 2018, Published under Cement News

Zambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will be undertaken in two phases, creating over 400 direct jobs and a further 2500 jobs for Zambians once fully operational. "The first phase which is being commissioned today has a total investment of US$200m and consists of 1Mt cement production line per year, a 60m pan brick production line, a 200,000Mm 3 of pr...

Zambezi Portland Cement is returned to Ventriglia family

25 May 2018, Published under Cement News

Zambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement after the High Court of Zambia awarded full ownership of the company to the Ventriglia family of Italy on Monday. The outcome follows a decade-long court battle between the Ventriglia family and Rajan Mahtani who had claimed that he owned a 58 per cent controlling stake in the business as payment for organising financing for the Ventriglia family years ago, but the Ventriglia family insisted...