Cement News tagged under: DR Congo
Opportunity for EAPC in DR Congo04 February 2022, Published under Cement NewsThis week East African Portland Cement's (EAPC) Managing Director, Oliver M Kirubai, outlined the company's ambition to grow its cement business in the Democratic Republic of Congo (DRC). The pull of infrastructure projects and low installed capacity in DRC has not gone unnoticed by large regional cement producers as well as Chinese investors. China has a historic vested interest in the DRC and struck several deals with former President Joseph Kabila, who held power from 2001-19, includin... |
PPC and subsidiaries record double-digit growth in July20 August 2020, Published under Cement NewsPPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe and Rwanda and the growth of sales volumes during July has been positive in the DRC as well," PPC said. "The increased sales volumes and the effect of the cost reduction and cash preservation measures have resulted in cash flows for the last months showing a positive trajectory." Double-digit YoY growth of cement... |
PPC's group revenue impacted by Zimbabwe21 November 2019, Published under Cement NewsPPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from the six-month period at ZAR5.6bn, which was attributed to a 17 per cent volume decline in group cement volumes. Group EBITDA was also affected by Zimbabwe's currency devaluation and hyperinflation as well as the trading environment in South Africa, plus a one-off restructuring costs of ZAR83m. When excluding PPC Zimb... |
COCMAG warns government that Ghana's cement industry could collapse01 July 2019, Published under Cement NewsThe Chamber of Cement Manufacturers, Ghana (COCMAG) has given the goverment a stark warning that various taxes and levies over the past two years are driving the cement industry towards collapse. According to the Executive Secretary, Reverand Dr George Dawson-Ahmoah, the most recent tax imposed on cement manufacturers is the fumigation levy of US$0.50/t on imported clinker by the Ministry of Health. "How on earth can a raw material such as clinker be fumigated before clearance from the por... |
DR Congo slaps ban on cement imports23 October 2017, Published under Cement NewsThe Ministry of External Trade in the Democratic Republic of Congo (DRC) has imposed an import ban on a selection of goods, Including cement which is expected to impact on Zambian cement producers. A circular dated 25 August 2017 and signed by Minister of External Trade Jean-Lucien Bussa Tongba, included cement on this list of products, reports the Zambia Daily Mail Ltd. The ban is meant to protect local industries, as well as to curb fraud and other illegal practices in the importation... |
PPC Zimbabwe achieves record cement volumes25 August 2017, Published under Cement NewsPPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ... |
DR Congo: producers demand six-month import suspension21 February 2017, Published under Cement NewsCement producers in the Democratic Republic of Congo have urged the country’s Prime Minister, Samy Badibanga, to be tough on cement imports, demanding a suspension of cement imports for a six-month period, strengthening anti-fraud measures and continued logistics support to improve cement distribution. With the commissioning of PPC Barnet and Cimko plants supply to the west of the country is covered. Local production is expected to surpass the 2.8Mta mark. In addition, CILU’s works is bac... |
DR Congo: new plants to fight imports07 October 2016, Published under Cement NewsThis week it was announced that the Cementerie Kongo (CIMKO) greenfield cement plant project, a joint venture between Lucky Cement Ltd and the local Groupe Rawji, would be completed this October. While it will take a short while for the plant to be optimised, its targeted cement capacity of 1.2Mta is expected to be pressed into action as soon as possible to serve the country's 3Mta cement demand. While GDP in the Democratic Republic of Congo has slipped, with the government forecasting 4... |
DR Congo: US$500m to relaunch Maiko cement plant11 August 2016, Published under Cement NewsThe Congolese government has freed US$250m to relaunch production at the former cement plant of Province-Orientale (CIPOR), Cimenterie de Maiko (CIMAIKO). To carry out the project, the government signed a partnership agreement with multinational construction company Satarem Ltd, which will contribute a further US$250m to the project. In December, representatives of the consortium will assess the site, which is located at Maiko, 75km southeast of Kisangani with work expected to start b... |
Central Congo cuts import tax by 50%10 August 2016, Published under Cement NewsThe provincial government of Central Congo, Democratic Republic of Congo, has lowered import taxes for grey cement by 50 per cent from CDF3000 (US$3.15) to CDF1500 per 50kg bag. The step has been welcomed by importers who bring in Angolan product via the border post of Lufu. However, cement users have complained that the cut is not filtering through to end-users as they still pay CDF12,500 for a bag of cement. They have called for the government to revise the cement price, and are support... |