Cement News tagged under: West Africa
Dangote maintains cement prices despite currency devaluation01 June 2021, Published under Cement NewsNigeria’s Dangote Group has not increased the price of its cement products, despite the naira devaluation by the Central Bank of Nigeria, according to The Punch. Instead, the group’s Sales and Marketing Director, Rabiu Umar, stated that it had released 2000 trucks into the market to increase distribution and counteract the cement price hike in the country. The price increase has been attributed to a sudden 40 per cent demand increase. "We in the past had an opportunity to export our ceme... |
Cement exports from Senegal drop 35% in February24 May 2021, Published under Cement NewsExports of cement from Senegal declined 35.3 per cent MoM in February 2021, according to the country’s national statistics agency, ANSD. When compared with February 2020, exports decreased 32.4 per cent. Domestic sales fell by eight per cent MoM in February 2021 while output from Senegalese cement plants was down by 6.5 per cent in the same period. When compared with the equivalent month of 2020, sales and output improved by 12.5 and 3.1 per cent, respectively. |
Côte d'Ivoire government responds to rising cement prices17 May 2021, Published under Cement NewsTo prevent cement prices spiralling out of control following recent increases, the Ivorian Ministry of Commerce and Industry set maximum cement prices in Côte d’Ivoire at XOF73,000/t (US$135.08/t) of CPJ 32.5 cement ex-works, and at retail level XOF85,000/t within a radius of 300km from the cement plant. Retail prices beyond 300km were set at XOF90,000/t. The sale of CPJ 42.5 cement will be at a maximum price of XOF75,000/t ex-works. Maximum retail prices within a 300km radius were set at... |
Sinoma-CBMI lifts ball mills into position on SC3 project13 May 2021, Published under Cement NewsSinoma-CBMI is progressing with the modernisation of the Ciments du Sahel plant in Kirene, Senegal. The third clinker line (SC3) project has recently seen the installation of two cement mills lifted into place. The size of each ball mill is 5.2m x19.25m and they weigh in at 208t. Sinoma-CBMI broke ground on the SC3 project in December 2020. The project will result in a new 6000tpd clinker line at a cost of EUR245m. Switzerland-based CESA Engineering Technology Co is worki... |
Dzata Cement set to begin operations at 1.2Mta plant12 May 2021, Published under Cement NewsGhana-based Dzata Cement is expected to begin cement production next month at its facility in Tema. Representing an investment of more than US$100m, the plant is expected to produce 1.2Mta in its first phase. "What I can say is that we are bringing the highest quality of cement into the market and with the expectation that it will stabilise the supply and pricing as well," said Philip Archer, managing director. "The first phase which we are seeing will be giving us more than 1Mt per year... |
Gebr Pfeiffer wins Burkina Faso mill order11 May 2021, Published under Cement NewsGebr Pfeiffer is again delivering an MVR vertical mill to Burkina Faso. The vertical mill type MVR 6000 C-6 with an installed gear power of 6800kW will be used in the second line of the Cim Metal Group in the Bobo-Dioulasso plant in Burkina Faso. The project is being realised by the German company Intercem Engineering AG while Gebr Pfeiffer is supplying the mill and the process design. The vertical mill is used for different cement types between 4000cm²/g and 5000cm²/g acco... |
BUA Cement announces plans for bond sale07 May 2021, Published under Cement NewsNigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the first NGN115bn tranche last year. Yusuf Binji, CEO, noted that the amount of the sale will depend on its funding needs but did not give an expected time for the sale. The company plans to expand capacity in the country to 20Mta from 11Mta. "We will only export our excess capacity if the Nigerian market is not able... |
Nigerian cement volumes climb to record levels for Dangote in 1Q2103 May 2021, Published under Cement NewsDangote Cement's Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company's Nigerian operations. When looking at the domestic sales alone, our Nigerian operations sold 4.8Mt, up 18.7 per cent YoY. While the company's ex-factory prices have remained stable since the end of 2019, revenues for Dangote’s Nigerian operations increased by 33.7 per cent to NGN239.7bn. In Nigeria, Dango... |
Dangote Cement records robust EBITDA growth in 1Q2103 May 2021, Published under Cement NewsDangote Cement Plc announced group revenues of NGN332.7bn (US$874.4m) in the 1Q21, up 33.5 per cent. Group EBITDA rose by 55.8 per cent to NGN178bn, while Pan-African EBITDA reached NGN23.7bn, an increase of 61.9 per cent. Profits after tax increased by 48.1 per cent to NGN89.7bn. Dangote Cement's group sales volumes rose by 18.7 per cent to 7.5Mt and Nigerian volumes increased by 22.2 per cent to 4.9Mt. Pan African volume growth saw double-digit growth of 12.8 per cent. "The first ... |
CimMetal to expand into Togo's cement market21 April 2021, Published under Cement NewsIn September 2020 Cim Métal Group’s CEO Inoussa Kanazoé started marketing cement from its Togolese subsidiary. Already active in Burkina Faso with CimFaso and Cimasso, as well as in Côte d’Ivoire with CimIvoire, CimMetal is now turning attention to Togo. The establishment of the Lomé plant with a cement capacity of 2.5Mta, representing an investment of CFA65bn (US$125m) , will see the installation of Gebr Pfeiffer milling technology. The Banque Ouest-Africaine de Développeme... |