Cement News tagged under: West Africa
BUA Cement fire results in loss of three lives22 March 2022, Published under Cement NewsThe management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto . The company in a statement signed by Sada Suleiman, assistant director of Admin Services, said the incident occurred while routine maintenance work was ongoing on one of the storage tanks by a third-party contractor. However, it explained that immediately the incident occurred, its emergency management and mit... |
Ghana to look at regulating cement industry16 March 2022, Published under Cement NewsGhana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ... |
Dangote: powerhouse of Africa and Nigeria08 March 2022, Published under Cement NewsThrough the use of financial ratio analysis, this month’s Technical Forum examines how Dangote Cement – the powerhouse of Africa and Nigeria – has managed to achieve a strong and sustained financial performance. Dr Clark looks at why Dangote Cement is right at the top of the range of performance for cement companies The benchmarking of a cement factory and cement company performance remains a major part of Whitehopleman and Dr Clark’s work. When such benchmarking exercises are b... |
Dangote Cement reports group revenue of NGN1383.6bn in 202103 March 2022, Published under Cement NewsDangote Cement reported that for the year ended 31 December 2021, group revenue reached NGN1383.6bn (US$3.327bn), up 33.8 per cent on 2020. The group recorded a record EBITDA of NGN684.6bn. Pan-African EBITDA totalled NGN88.8bn, a rise of 24.6 per cent. Net debt reached NGN225.1bn. In total, manufacturing costs increased by 25.8 per cent to NGN551bn from NGN437.9bn in 2020. Materials consumed cost increased by 30 per cent to NGN175.4bn, while fuel and power cost advanced by 34.4 per cent ... |
Mali sees 10% cement price hike02 March 2022, Published under Cement NewsThe price of cement in Mali has increased by 10 per cent from XOF100,000 (US$170.59) to XOF110,000/t in the past week. Traders have attributed the price rise to the embargo imposed on Mali by ECOWAS through the closure of borders, according to Mali Actu. |
Benin to build 1.6Mta cement plant24 February 2022, Published under Cement NewsThe government of Benin plans to build a cement plant with 5000tpd clinker capacity and 1.6Mta of cement capacity. The new plant will have an option to expand its cement capacity to 3Mta. Benin’s Council of Ministers announced on 23 February 2022 the completion of preparatory studies for the construction project of a cement plant. "The Council has shown itself to be in favour of entering into a contract with a specialised group, with a view to carrying out preparatory studies for a project... |
Societe de Ciment de Cote d'Ivoire sees inauguration second plant17 February 2022, Published under Cement NewsCôte d’Ivoire’s Prime Minister, Jérôme Patrick Achi, has inaugurated the second cement plant of Société de Ciment de Côte d’Ivoire in Yopougon’s industrial zone in Abidjan. The new unit has a capacity of 1.5Mta and effectively doubles the company’s existing capacity. It will use latest-generation production technology that takes into account environmental requirements. In terms of employment the new works creates more than 3000 direct and indirect jobs. The Prime Minister thanked the... |
Mangal Industries selects Sinoma to build 3Mta cement plant17 February 2022, Published under Cement NewsAn indigenous Nigerian firm, Mangal Industries had signed a US$600m deal agreement with Sinoma International Engneeering of China for the construction of a 3Mta cement plant and 50MW captive power plant in Mopa, Kogi State, Nigeria . The factory will rely on the best available technology for cement production and in line with the highest environmental standards and scheduled to be completed in early 2024. |
Senegal sales up 12% YoY11 February 2022, Published under Cement NewsCement sales in Senegal advanced 12.7 per cent MoM and by 11.9 per cent YoY in November 2021, according to its National Agency for Statistics and Demography (ANSD). Output from the plants of SOCOCIM, Dangote and Ciments du Sahel increased by 11 per cent MoM and by 20.7 per cent YoY in November 2021. Exports declined 5.6 per cent in November 2021 when compared with export shipments in October 2021 although YoY they were up 29.6 per cent. |
Opportunity for EAPC in DR Congo04 February 2022, Published under Cement NewsThis week East African Portland Cement's (EAPC) Managing Director, Oliver M Kirubai, outlined the company's ambition to grow its cement business in the Democratic Republic of Congo (DRC). The pull of infrastructure projects and low installed capacity in DRC has not gone unnoticed by large regional cement producers as well as Chinese investors. China has a historic vested interest in the DRC and struck several deals with former President Joseph Kabila, who held power from 2001-19, includin... |