Cement News tagged under: West Africa
COCMAG calls on members to uphold cement sector integrity26 May 2022, Published under Cement NewsCement manufacturers in Ghana are being urged to comply with fair trade practices in a bid to promote the cement industry and protect the integrity of the country’s construction sector. According to the Chamber of Cement Manufacturers Ghana (COCMAG), it is vital that intense competition in the country’s cement sector does not lead to unfair trade practices, such as the production of substandard cement, supplying underweight bagged cement, violating environmental protection matters at ports a... |
SONACIM names new MD and deputy MD26 May 2022, Published under Cement NewsElhadj Bineye Emma has been appointed the new managing director of Société Nationale de Ciment (SONACIM) in Chad by Decree 1319 of 23 May 2022. He will succeed Ahmat Issakha Diar. The decree also sees the appointment of Koye Ndaye Benoit as deputy MD, replacing Kone Allah-Ridy. |
IFC to fund Diamond Cement Guinea with US$30m loan17 May 2022, Published under Cement NewsThe International Finance Corporation (IFC) has agreed to provide a US$30m loan to Diamond Cement Guinea , a subsidiary of West African Cement (WACEM), to support the completion of their 0.75Mta integrated cement plant. The new greenfield plant, which is located approximately 25km from the town of Sougueta, Kindia prefecture, is the first integrated cement plant in Guinea. The plant’s 1500tpd clinker line commissioned in April 2021, while the 0.8Mta grinding unit will be commissioned i... |
Norfund invests in Continental Blue Investments Ghana06 May 2022, Published under Cement NewsNorfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to reduce CO 2 emissions and increase job opportunities at its 0.55Mta Tema plant. Earlier this year CBI Ghana placed an order with FLSmidth to supply the world’s largest clay calcination installation . The facility is expected to reduce total CO 2 emissions by up to 20 per cent compared to current practices and by ... |
BUA sees jump in profit following new plant25 April 2022, Published under Cement NewsBUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven times to NGN186m on the back of insurance claims, which represented 88.7 per cent of the income class. In addition, the management reduced net finance costs by 96.5 per cent. Post-tax profit increased by 48.2 per cent to NGN33.1bn when compared with the 1Q21. Profit margins stood at 34.2 per cent. BUA Cement expects to... |
Lafarge (Wapco) Cement Plc records profit of NGN17.55bn in 1Q2225 April 2022, Published under Cement NewsNigeria’s third-largest cement producer, Lafarge (Wapco) Cement Plc , has released its 1Q22 unaudited results reporting a profit of NGN17.55bn (US$42.2m) during the period, representing 92.2 per cent YoY increase. Revenue growth for the period reached 26.8 per cent YoY. Sales of cement increased by 26 per ent achieving sales of NGN87.99bn, and sales of aggregates and concrete grew by 62.29 per cent, generating NGN2.52bn during the period. Mortar sales also increased by 60.41 per cen... |
Senegalese cement sales see 6% upturn in January11 April 2022, Published under Cement NewsIn January 2022 Senegal’s cement market expanded 8.9 per cent when compared with December 2021 and 6.2 per cent when compared with January 2021, says the country’s National Agency for Statistics and Demography (ANSD). Export sales declined 31.7 per cent MoM and 18.1 per cent YoY in January 2022. |
Empire Cement Ghana denies producing cement without a permit08 April 2022, Published under Cement NewsEmpire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers. Existing cement manufacturers in Ghana have also accused the new entrant of operating under unethical environmental conditions, reports Graphic Online. However, Empire Cement has denounced and discredited the accusations, saying it has not started producing cement at the factory for the open market. The co... |
FLSmidth to supply World's largest calcined clay installation31 March 2022, Published under Cement NewsFLSmidth has won an order to supply CBI Ghana Ltd’s cement plant outside of Accra in southern Ghana with the world’s largest clay calcination installation. The facility will include the world’s largest gas suspension calciner system and a complete grinding station, adding another 120 per cent grinding capacity. Together with the new grinding station, the Swiss-owned company expects both financial and environmental return-on-investment from lower specific CO 2 emissions, energy- and f... |
Benin government fixes new retail prices25 March 2022, Published under Cement NewsTo avoid significant market speculation around the price of cement, the Benin government set the retail price of cement by department on 23 March 2022. The price of cement is capped at XOF74,000/t (US$123.94/t) in Porto-Novo and Ouémé- Plateau, XOF75,000/t in Cotonou and Atlantique-Littoral and XOF77,000/t in Comè and Mono-Couffo. In Parakou/Borgou and Djougou/Donga the maximum price for a tonne of cement is XOF82,000 while in Natitingo/Atacora and Kandi in Alibori the price is set at XOF8... |