Cement News tagged under: Ivory Coast
West Africa powers up04 July 2016, Published under Cement NewsWest Africa’s booming population and economic development are expected to fuel cement consumption in the long term and the region’s prospects look bright. However, as the regional cement sector rapidly builds production capacity to keep pace with anticipated demand, challenges remain for the industry, including inflation, lower oil receipts and power shortages. By ICR Research, UK. Ghana: HeidelbergCement's Tema plant keeps production rolling West Africa’s population is set to m... |
Cote d'Ivoire: Work starts on second CIMAF plant07 April 2016, Published under Cement NewsPlans to bring Société Ciment d'Afrique's (CIMAF) production capacity in Côte d'Ivoire to 2Mta by 2017 were outlined in a meeting yesterday between Moroccan investors and the country's president. StarAfrica reports that Anas Sefrioui, president of CIMAF’s parent Addoha Group, used his meeting with Ivoirian President, Alassane Ouattara, to announce that work would begin this week on the construction of a new 1Mta grinding plant at the port of San Pedro in the west of the country. This... |
Limak Cimento in Côte d'Ivoire joint venture06 August 2014, Published under Cement NewsLimak Cimento, part of the Turkish conglomerate Limak Holding, is to enter the Côte d'Ivoire market through a new grinding and packaging plant venture with local partner Afrikbat. The two parties held a signing ceremony in Ankara, Turkey, to establish the joint venture companies named Limak Afrika SA, news agency Anadolu Ajansi reported. Limak will hold a 51 per cent stake. Construction of the 1Mta plant, to be built in Abidjan, will start this year and is expected to launch in the thi... |
Holcim sees better performance in Morocco21 May 2014, Published under Cement NewsHolcim Morocco improved its business results in 2013 despite the difficult economic context. By lowering its production costs and optimising its support functions, the company achieved a cost saving of MAD100m (US$12.23m), despite a five per cent decline in operating income compared to 2012. The company succeeded in optimising its clinker factor, lowering power consumption and increased thermal substitution rates as well as rationalised its production process. In the first quarter of ... |
Senegal cement battle looms24 March 2014, Published under Cement NewsAliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote. Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |
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