Lafarge Zimbabwe reports half-year loss
The local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand...
Africa
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Dangote Cement appoints two regional CEOs
Dangote Cement has appointed two new Regional Chief Executive Officers (RCEOs) to lead its Nigeria and West and Central Africa divisions. Arvind Pathak has been named the new ...
PPC expansion strategy on track
PPC's expansion strategy remains on track and the new plant in Rwanda was officially opened on 18 August 2015. In an investor presentation posted on PPC's website ahead of t...
Tanzania: Tanga six-months hit by devaluation of shilling
Tanga Cement Company has registered a net loss of TZS6.94bn- for the six months to June 2015, compared to a profit of TZS8.60bn in the corresponding period of year. Manageme...
Dangote Cement signs fresh deal with Sinoma
Dangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilitie...
Higher production costs take toll on TPCC's half-year results
Tanzania Portland Cement Co (TPCC) posted a net profit of TZS22.17bn (US$10.4m), down 18.3 per cent from the TZS27.14bn recorded during the corresponding period last year. Fir...
CIMAF plans Guinea-Bissau investment
Morocco's Ciments de L’Afrique (CIMAF) will build a cement facility in Guinea-Bissau, the Prime Minister’s office of the West African company said Tuesday. Managing director ...
Dangote Cement 1H profit up 28%
Dangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121....
Menzel delivers seven motors to North African plant
Menzel Elektromotoren has engineered and delivered six new motors between late 2014 and June 2015 for a North African cement plant. A seventh will follow in August 2015. All...
CCNN earmarks NGN48bn for expansion project
The Cement Company of Northern Nigeria (CCCN), on Tuesday said it would invest NGN48bn (US$240m) into the ongoing modernisation of its facilities to double its production capac...