Cement News tagged under: Ethiopia
Holcim Awards 2014 winners for Africa Middle East announced in Beirut17 October 2014, Published under Cement NewsThe 12 winning projects of the Holcim Awards 2014 Africa Middle East have been announced in Beirut, with a green building in Turkey, an urban forest rehabilitation in Lebanon, and a low-cost housing plan in Ethiopia receiving the top prizes. The projects, which were recognised with a total of USD330,000 in prize money, focus mainly on enhancing social and environmental resilience, as well as the economy of construction, Holcim said in a statement. "The winning submissions show the developme... |
Ethiopian producer looks to secure electricity supplies23 September 2014, Published under Cement NewsEthiopia-based producer East Cement SC is seeking to increase its electricity supply as shortages have led it to operate at half of its production capacity. The company, which is headquartered in the Eastern Industry Zone, operates two production lines for the production of Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). Wei Watao, deputy general manager of the East Cement factory, told The Reporter (Ethiopia) that the company had settled a payment of some ETB60m ... |
Ethiopia: two new plants due to commence production in 2H1425 June 2014, Published under Cement NewsTwo new cement plants currently being implemented in Ethiopia are expected to begin production in the second half of this year, according to the director general of the Chemicals and Construction Materials Development Institute. Samuel Halala told local press that 90 per cent of Ethio Cement’s construction has been completed, while Dangote's Mugher works is 75 per cent finalised. The two factories are expected to increase domestic capacity to 15.7Mt. He said he expects production at both ... |
Habesha secures 60-year mining license, Ethiopia28 May 2014, Published under Cement NewsEthiopia-based producer Habesha Cement has acquired a mining license from the Ministry of Mines (MoM), according to reports by Fortune. The agreement gives Habesha the right to mine limestone, gypsum, clay and sandstone from a total of 112ha of land located in the West Shoa Zone, Oromia State. The sites are found in Meta Robe, Ejere and Ada’a Bergag woredas. The deal, finalised by representatives from the two parties on 19 May 2014, is valid for 60 years and was |
PPC27 May 2014, Published under Cement NewsPPC has reported a two per cent rise in cement sales for the six months ending March 2014. Revenue came in at ZAR4.16bn (US$0.4bn), an increase of nine per cent on the same period last year. EBITDA was also up by five per cent to ZAR1.17bn, while operating profit jumped 15 per cent to ZAR1.36bn. The cement market now accounts for 86 per cent of the company's total revenue, compared to 10 per cent for lime and four per cent for aggregates. Much of the growth has come from increased export sal... |
Nigeria: Dangote to stabilise cement price08 May 2014, Published under Cement NewsSpeaking to shareholders at the 5th 2013 Annual General Meeting Aliko Dangote, Chairman of Dangote Cement Plc, pledged that his company would intensify direct-to-consumer deliveries to help stabilise cement prices in Nigeria. Aliko Dangote admitted that most input costs into cement production have risen to an "astronomically high" level, but that his organisation is committed to reducing prices. Dangote sold 13.3Mt of cement in Nigeria within the financial year representing an increase of 2... |
PPC27 March 2014, Published under Cement NewsWith construction already underway on its new 1.4Mta plant in Ethiopia, PPC will be hoping to cash in on the billions of dollars of public works projects being carried out across the country. As the Ethiopian government pushes ahead with plans to achieve middle-income status by 2025, new road, railway and power generation projects are springing up everywhere in a bid to attract further investment and help industrialise the economy. But cement production capacity remains woefully insuffici... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
Habesha secures letter of credit for new plant project, Ethiopia02 January 2014, Published under Cement NewsHabesha Cement SC has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank (commonly known as the PTA), Fortune reported. The PTA agreed to co-finance the project earlier this year by lending US$50.4m. The LC, which was required before the factory equipment could be imported, had hindered the Chinese contractor from beginning work on the plant, Mesfin Abi, CEO of Habesha, said at a press conference held on 26 December at t... |
North Holdings Investment Inc to construct Ethiopian plant30 December 2013, Published under Cement NewsNorth Holdings Investment Inc, an Ethio-American company based in the US, is to build an 8.4Mta cement factory in the Amhara Regional State near Dejen town. Company president, Temesgen M. Bitew, told The Reporter that his company is planning to build the two-line plant as well as set up a transport company and coal preparation plant. At an estimated cost of US$800m, Temesgen said the firm will secure the loan from a London-based investment bank. |