Africa’s renaissance
Africa is now well and truly on the map for businesses and investors operating on the continent. In the cement sector, this is most obviously illustrated by the remarkable emer...
Africa
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Semen Indonesia targets over 40Mta of capacity in 2017
Semen Indonesia targets over 40Mta of capacity over the next three years, as it continues to increase domestic capacity and seeks to expand into other Asian countries and beyon...
Nova Cimangola receives funds to boost capacity, Angola
Nova Cimangola is set to receive AOA11.3bn (US$116m) from the Angolan government to increase the cement plant’s production capacity. According to a decree dated on 28 April ...
Lafarge Nigeria calls for review of labelling
Lafarge Nigeria is calling for proper product labelling by manufacturers to address the wrong application of cement products. Lanre Opakunle, the company’s General Manager, I...
Oyak eyes Europe, Africa acquisitions
Turkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said...
Limak plans two new Turkish plants
Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also plann...
Lafarge's profit drops in Europe and Latin America, but group net profit jumps
Lafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading...
Exane BNP downgrades Lafarge to “underperform”
Exane BNP Paribas downgraded its opinion on Lafarge from “outperform” directly to “underperform”. However, the analysts raised the target price from EUR50.5 to EUR58. “Lafa...
Sino-Zimbabwe boosts clinker capacity
Sino-Zimbabwe has completed phase one of its plant modernisation programme by increasing clinker production capacity by 40 per cent. Capacity of the plant has now been increa...
Lesotho plans 0.2Mta cement plant
Lesotho plans to build a 0.2Mta plant to meet cement requirements for the country’s second phase of its Lesotho Highlands Water Project (LHWP) and reduce reliance on imported c...