Cement News tagged under: Africa
Bamburi Cement receives acquisition deal11 July 2024, Published under Cement NewsAmsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. Bamburi Cement is currently majority owned by Holcim (58 per cent) and listed on the Nairobi Secur... |
China leads cement revolution in Africa09 July 2024, Published under Cement NewsCement demand in China continues to collapse, and profits are pitiful, leading to some Chinese cement companies accelerating an already aggressive drive into Africa. By Tony Hadley African Advisory Ltd, Cyprus. China leads the rush into the African cement industry: Huaxin Cement completes Maweni plant in Tanzania (© Embassy of China – Tanzania) S o firstly, to China. Cement demand had fallen from its 2014 peak by ~17 per cent in 2023 (see Figure 1), of no surprise to indu... |
Renewed hope for Nigeria21 June 2024, Published under Cement NewsNigeria’s incoming president has his work cut out, faced with a worsening security situation, accelerating inflation, declining oil revenues and food insecurity. After some bold moves, his economic choices appear to be paying off, albeit slowly. But what does this mean for the country’s cement producers as they tackle overcapacity and spiralling cement prices? By Suzanne Starbuck, ICR Research, UK With Nigeria’s population due to reach 400m by 2050, the government has set an infrastru... |
Dal Engineering delivers kiln shell21 June 2024, Published under Cement NewsDal Engineering has successfully delivered a kiln shell with diameter 4.75m x length 28m to Lafarge Ciment de M'sila, part of the Holcim group. The Turkish engineering company looks forward to continuing its successful collaboration with Lafarge Ciment de M'sila of Algeria and contributing to its ongoing success. |
Kenya's cabinet approves sales of its share in East African Portland Cement13 June 2024, Published under Cement NewsKenya's cabinet has approved a government proposal to offload the 25.3 per cent share it holds in Kenya-based cement manufacturer, East African Portland Cement Co . This comes as part of a wider plan by the Kenyan government to offload shares in a number of state-owned companies. In November, the country’s President, William Ruto, announced plans to privatise 35 state-controlled companies after enacting legislation in October guiding this process. However, this plan did run into issue... |
Mangal’s capacity build-up10 June 2024, Published under Cement NewsMangal Industries Ltd (MIL) is building a new production line in Kogi state, Nigeria. The new line will add 6000tpd of capacity to the plant when completed. By Binbin Wang and Kunqiang Ye, Sinoma Group, China Mangal Industries Ltd has started construction of a 6000tpd clinker lines in Kogi state, Nigeria (© Sinoma Group) M angal Industries Ltd (MIL) is investing in a 3Mta cement plant in Iluagba, Ìjùmú local government area, Kogi state, Nigeria. The project is curren... |
Tanzania’s transformation20 May 2024, Published under Cement NewsTanzania’s GDP has proven robust and is growing, resulting in major government infrastructure construction projects. This infrastructural transformation is boosting domestic cement demand but operational challenges for local producers remain. Meanwhile, changes to the corporate landscape have been hitting the headlines. By ICR Research, UK As the Tanzanian government looks to unlock the country’s potential through infrastructure investment, the construction industry is expected t... |
Afrimat boosts revenue by 24% in FY23-24 as Lafarge integration continues17 May 2024, Published under Cement NewsAndries Van Heerden, Afrimat's Group CEO, stated that he was exceptionally pleased with the group’s performance for the year ended 29 February 2024, which was supported by a revenue increase of 23.9 per cent from ZAR4.9bn (US$268.9m) to ZAR6.1bn (US$334.8m). Operating profit increased by 19.8 per cent to total ZAR12bn (2023: ZAR961.6m), delivering an operating profit margin for the group of 18.9 per cent. “The diversified position Afrimat has adopted, together with the efficiency proje... |
AfriSam enhances road durability with Roadstab cement08 May 2024, Published under Cement NewsAfriSam 's Roadstab cement is a specialised, high quality composite cement engineered specifically for road stabilisation tasks. The product is designed to optimise the properties of soils used in road construction, notably by reducing their plasticity and enhancing their strength and stability. The formulation of AfriSam Roadstab Cement aims to address the vital requirements of road construction projects by ensuring the durability and stability of road bases. The unique composition contri... |
Closure of The Board of Cement & Concrete SA24 April 2024, Published under Cement NewsThe Board of Cement & Concrete SA (CCSA) has closed its non-profit organisation and been de-registered from the Companies and Intellectual Property Commission (CIPC) in line with its Memorandum of Incorporation (MOI). Since its initial establishment 86 years ago (in 1938) as the Concrete Association of South Africa, this industry body has transitioned and gone through numerous name changes and closures over the years. For a number of years, the broader construction industry has faced chal... |