Cement News tagged under: East Africa
ARM Cement to spin off non-cement business24 July 2013, Published under Cement NewsKenya-based ARM Cement plans to spin off and list non-cement business on the Nairobi bourse within three years. “We are very hopeful that in two to three years, we will have listed the new non-cement business and market it as an independent brand in the region,” managing director, said Pradeep Paunrana, adding that the company is laying grounds for the separation. “The businesses are intricately related and dependent, therefore, it would not be in the benefit of the company to have inde... |
Hima Cement completes installation of new bag filter, Uganda11 July 2013, Published under Cement NewsHima Cement Ltd, part of the Lafarge group, has completed the installation of new bag filter technology at its Kasese plant in Uganda to bring stack emissions in line with global environmental standards. "We invested significant resources to conduct environmental impact assessments to ensure that the plant operations met all the required environmental standards for its manufacturing processes and operations," Peter Robson, Hima Cement's Plant Manager told AllAfrica News. Hima installed a ... |
Athi River calls for use of locally-manufactured product01 July 2013, Published under Cement NewsAthi River Mining Tanzania Ltd is seeking the government’s intervention to stop sub-standard imports entering the local market. Concerns have been raised recently over the quality of imports into the East Africa region amidst claims that some manufacturers are using local agents that are unqualified leading to sub-standard products. Calls have been made for all cement imports to be subject to the same technical standards and regulations as local cement. Rick Ashley, chairman of ARM Cem... |
PPC's East African promise14 May 2013, Published under Cement NewsPPC Ltd, southern Africa’s leading cement manufacturer, has increased its footprint in sub-Saharan Africa with its latest acquisitions in Ethiopia and Rwanda. With the two acquisitions, PPC’s sights are currently set on the east as the company aims to increase revenue streams from outside its traditional regions of South Africa, Botswana, Mozambique and Zimbabwe to 40 per cent by 2016. By PPC Ltd, South Africa. PPC expands its African footprint: current and future focus areas PP... |
TPCC reports 22% rise in net profit, Tanzania18 March 2013, Published under Cement NewsTanzania Portland Cement Company Ltd (TPCC), part of HeidelbergCement, posted a 22 per cent increase in net profit despite competition from regional imports. Net profit for the year to December 2012 rose to TZS1.57bn (US$968m) from TZS50.6bn in 2011. Turnover increased 15 per cent to reach TZS249.11bn compared to 217.25bn recorded in the year before. The cost of sales was pushed up by double digit high inflation rates and energy tariffs rising to TZS126.7bn against TZS117.7bn registered in ... |
Dangote Cement could tip the balance to oversupply in East Africa14 November 2012, Published under Cement NewsPlans by Dangote Cement to set up a manufacturing plant in Tanzania have complicated expansion plans for Kenyan firms that have dominated exports of the commodity into the East Africa region in recent years. The planned cement plant, owned by Africa’s richest man Aliko Dangote, is expected to put an additional 1.5Mt of capacity by 2015, which will plug Tanzania’s cement deficit. Dangote’s cement factory in Southern Tanzania will be commissioned within one year of the launch of ARM’s factory... |
Increased sales boost ARM Cement's 9M12 pretax profit, Kenya22 October 2012, Published under Cement NewsKenya’s second largest cement producer ARM Cement (formerly Athi River Mining) said in the first nine months pretax profit rose to KES1.2bn (US$14.1m) from KES296m, driven primarily by higher sales of Rhino Cement. Rhino Cement, which is ARM's flagship operation set up in 1997, launched its Tanzania cement production plant in Dar es Salaam this month. Turnover for the first three quarters of the year jumped 29 per cent to KES7.74bn compared to the same period the previous year. ARM s... |
Competition mounts for East Africa market share07 September 2012, Published under Cement NewsPublic sector infrastructure projects and the rapidly growing middle class in the East Africa region will be the main drivers of cement consumption as competition is set to intensify with the arrival of new market entrants. S peaking to AllAfrica press, Kephar Tande, chairman of the East African Cement Producers Association, said Friday that the ongoing regional trade integration and an expected surge in housing demand will be the new battlefront for market share as new players enter the ma... |
East African import concerns03 September 2012, Published under Cement NewsThe East Africa Cement Producers Association (EAPC) has flagged concerns over the increasing threat of imports to the region. The associaion yesterday warned that cement ports are not being subjected to the same technical standards and regulations as domestic cement, increasing the chance of sub-standard products being used in projects. “Cement is a very sensitive commodity yet the quality issues on imports are not being addressed at such a time when the number of collapsing buildings ... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |