Cement News tagged under: East Africa
Bamburi Cement is being fiercely fought over08 November 2024, Published under Cement NewsHolcim's divestments in East Africa are resulting in a scramble to win shareholder approval for a successful bid to acquire its Kenyan subsidiary Bamburi Cement. Amsons Group and Savannah Clinker are in a head-to-head battle to secure the Kenyan operations and increase its foothold in East African cement production. Holcim has a 58.6 per cent majority shareholding in Bamburi Cement so they, and the other shareholders, will have to consider both bids to decide the plant's future. Amsons Gr... |
Mbeya Cement announce US$320m expansion18 October 2024, Published under Cement NewsThe Tanzanian government has signed an agreement with the Amsons Group to invest US$320m for the expansion of the Mbeya Cement plant and the construction of a new cement plant in Tanga. Amsons Group’s Director of Finance, Ahmed Mhada, disclosed that the construction of the Mbeya Plant Two will cost US$130m, while the new Tanga plant will require US$190m. The expansion of the Mbeya Cement plant will increase its clinker production capacity five-fold, from the current 1000tpd to 5000tpd. ... |
Ethiopia's PM inaugurates Lemi National Cement Plant30 September 2024, Published under Cement NewsEthiopia's Prime Minister, Abiy Ahmed, inaugurated the Lemi National Cement Plant in the Lemi Building Materials Park, about 150km north of the country’s capital Addis Ababa. The new plant has a capacity of 15,000tpd (4.95Mta). During the inauguration of the mega plant, Abiy said the project was "a true model of fast and efficient delivery of critical infrastructure." He congratulated all those involved in the realisation of this important project, which will produce "50 perc ent of all ... |
Cemengal wins new mill project in Tanzania13 August 2024, Published under Cement NewsSimba Energy Ltd (Simba Group) is in the advanced stages of a groundbreaking partnership with Cemengal P&G. The company is establishing a twin cement grinding mill in the Tanga region of Tanzania. This state-of-the-art facility will have an approximate capacity of 94tph. The primary goal of this initiative is to address the pressing cement shortage affecting both the mainland and the nearby island regions. By enhancing the local production capacity, the company aims to meet the growing de... |
Mbeya Cement Co Ltd appoints a new CEO12 July 2024, Published under Cement NewsMbeya Cement Co Ltd , a member of Amsons Group and building materials manufacturer, under the 'Tembo Cement' brand has appointed Dr Mohamed Ismail Elsaidy as its new CEO and member of the Executive Committee. Dr Elsaidy brings 25 years of multinational experience in heavy industry manufacturing and business management to the company. His appointment represents the company’s continued commitment to growth and value creation. |
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... |
Kenyan cement demand drops 13% in 4M2408 July 2024, Published under Cement NewsCement consumption in Kenya fell 12.7 per cent YoY to 1,949,900t in the 4M24 from 2,234,200t in the 4M23, according to the Kenya National Bureau of Statistics (KNBS). The drop in cement consumption raises significant concerns about construction activity.“During the quarter under review, the construction sector registered a decelerated growth of 0.1 per cent, down from the 3.0 per cent growth recorded in the first quarter of 2023,” said KNBS. In the first three months of 2023, construction g... |
Atlantic Group to open new plant in Madagascar28 June 2024, Published under Cement NewsAtlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activities in the region, reports FratMat.Info. The new plant will have a cement production capacity of more than 500,000tpa and is expected to begin operations in the second quarter of 2025. To help protect the local environment, Atlantic has said that it intends to use cutting-edge technology to reduce the facility’s ... |
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
Dangote ramps up investment in Zambia with second plant24 June 2024, Published under Cement NewsDangote Cement has announced plans to double its investment in Zambia by building a second cement plant. The company has already constructed one plant in Masaita at a cost of US$450m but this investment will now be boosted to US$900m with plans for a second facility, reports The Guardian. The Masaita works is designed to have a cement production capacity of 1.5Mta and is scheduled to reach full capacity by the end of 2024. The new plant is expected to be commissioned soon. |