Cement News tagged under: West Africa
HeidelbergCement agrees sale of Sierra Leone subsidiary01 December 2021, Published under Cement NewsHeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corp Ltd (Leocem) to the Diamond Cement Group. The sale includes a cement grinding plant with two grinding mills. The Freetown cement plant has a capacity of ~500,000tpa. HeidelbergCement holds 50 per cent of the shares in the company and has full management responsibility. The divestment is part of HeidelbergCement’s ongoing portfolio optimisation and margin improvement programme within its ‘Beyo... |
BUA Cement signs contract for third power plant from Wartsila26 November 2021, Published under Cement NewsNigeria’s BUA has signed an agreement with Wärtsilä for the delivery of a 70MW dual-fuel power plant for its Obu Line 3 project in Edo state. The gas power plant will be the third facility to be commissioned from Wärtsilä, as BUA seeks to increase total production capacity across all locations to 17Mta by 2023. “Currently, we have phased out the use of coal across our factories and are now shifting to gas-powered plants. As we ramp up our capacity, there is need to complement it with effic... |
CIMAF to expand capacity with IFC, Proparco and EAIF financing11 November 2021, Published under Cement NewsCIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind... |
Dangote Cement records 34% rise in group revenue01 November 2021, Published under Cement NewsNigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in the year-ago period. Group EBITDA also surged 45 per cent YoY to NGN514.8bn from NGN355bn in the 9M20, with its EBITDA margin up to 50.4 per cent from 46.6 per cent. “Given the strong rebound in 3Q20 following the impact of COVID-19 in the first half of the year, volumes in 3Q21 were slightly lower than 3Q20, as a... |
BUA Cement records 23% increase in profit01 November 2021, Published under Cement NewsNigeria’s BUA Cement has reported a 23.2 per cent increase in profit after tax to NGN65.91bn (US$160.54m) in the first nine months of the year, compared with NGN53.5bn seen in the 9M20. Revenue for the period also increased 19.4 per cent YoY to NGN186.9bn from NGN156.5bn. EBITDA advanced 14.8 per cent YoY in the third quarter of 2021, as the revenue increase accounted for a rise in the cost of sales. |
Cimtogo raises price due to input price pressures18 October 2021, Published under Cement NewsHeidelbergCement subsidiary Cimtogo will increase its cement price by XOF6000/t (US$10.60), according to Republic of Togo. “This adjustment became necessary following a 250 per cent increase in fuels for the Scan Togo plant and an increase of more than US$35 per tonne in sea freight on gypsum and coal. In the current international context, it is no longer possible to maintain the old prices,” explained Eric Goulignac, CEO of Cimtogo on Saturday. |
Figuil plant to be expanded by 0.5Mta18 October 2021, Published under Cement NewsCameroonian Prime Minister, Joseph Dion Nguté, laid the first stone of the new 0.5Mta production line of Cimenteries du Cameroun (Cimencam) in Figuil, in the northern part of the country, last week. Cimencam (Holcim group) has invested around CFAF50bn (US$88.3m) in the project. The new production unit is expected to be ready for commissioning in 24 months, at the end of 2023. It will expand the current cement capacity of 0.15Mta at the 40 year-old plant and provide more than 900 direct... |
Regional chief president calls for new Ghanaian cement factory11 October 2021, Published under Cement NewsThe President of the North East Regional House of Chiefs, Nayiri Naa Bohagu Abdulai Sheriga, has appealed to Ghana's government to establish a cement factory in the area to create employment and promote the local economy. According to the Nayiri, who is also the overlord of the Mamprugu Traditional Area, the huge limestone deposits in the area present the opportunity to develop an industry that would help in raising the standard of living of the people and benefit Ghanaians in general.... |
Ghana cement factory needs US$4m to be resurrected29 September 2021, Published under Cement NewsThe pozzolana cement factory established by the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), and abandoned earlier this year because of a lack of investment, requires US$4m to be resurrected, said CSIR-BRRI Director, Dr Daniel Asenso-Gyembibi. Situated in Gomoa Mprumem in the central region, the CSIR-BRRI plant requires revamping for commercial cement production but has failed to attract investment despite the CSR-BRRI having al... |
Wartsila extends O&M agreement with Lafarge Africa29 September 2021, Published under Cement NewsWärtsilä has signed a five-year Operation & Maintenance (O&M) agreement with Nigeria's Lafarge Africa Plc. The agreement covers the 100MW Lafarge Ewekoro power plant and is an extension of a previous 10-year agreement. The captive Ewekoro plant was supplied and commissioned by Wärtsilä in 2011. It consists of six 50DF dual-fuel engines, operating primarily on gas, but with the flexibility to automatically switch to liquid fuel in case of a disruption to the gas supply. "We have benefited... |