Cement News tagged under: West Africa
Bedeschi to equip Port of Takoradi with shipunloading technology19 April 2021, Published under Cement NewsBedeschi has been awarded a major contract in Ghana. The scope of works include the design, procurement, manufacturing, supply, construction, supervision to installation, testing and commissioning and staff training for the cargo handling equipment in the Port of Takoradi. The scope of the project is the supply of handling equipment and services for bauxite and manganese in export and clinker in import. Bedeschi will supply five conveyor belts for a total average length of 3km, two shiplo... |
FLSmidth to supply control systems at Kirene16 April 2021, Published under Cement NewsChina’s CBMI Construction Co Ltd has contracted FLSmidth for the supply and engineering of three complete control systems at two existing and one new cement line in Kirene, Senegal. The order became effective in the first quarter of 2021. All three lines will have a shared digital infrastructure built on the FLSmidth ECS/ControlCenter™ platform, as well as its plant data management software, ECS/PlantDataManagement. The software is the operational interface for all data, allowing plant ma... |
Intercem Engineering wins Cimasso II grinding plant project15 April 2021, Published under Cement NewsIn May 2016 Intercem Engineering's third order out of five with the CimMetal Group’s 2Mta Cimasso grinding plant in Bobo Dioulasso started. The plant was commissioned by the end of 2018 and production started successfully. Due to a growing cement demand, the investor decided to double his capacity and ordered an extension line and an upgrade of the existing line from Intercem which will be integrated on the existing plant called Cimasso II. Cimasso II consits of three truck unloading... |
Dangote defends Nigerian cement prices13 April 2021, Published under Cement NewsDangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ... |
Sacko Holding to build new plant in Mali09 April 2021, Published under Cement NewsSacko Holding SA, a private Mali-based company, has finalised the funding of a US$300m cement plant in Bema, 30km from Diéma on the Noro du Sahel road, Mali. The company has also carried out exploration for limestone in the Bema area, according to Mali News. The plant will cover 4.5ha of the site, which will also include housing (15ha), and is expected to create 250-300 direct jobs initially, rising to 350-400 jobs after 2-3 years. Construction of the new plant is scheduled to commence be... |
BUA Cement sees 19% rise in profit01 April 2021, Published under Cement NewsNigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced 19.3 per cent YoY to NGN209.4bn from NGN175.5bn. The company has attributed the positive results to its successful business continuity plan, alongside a growing market acceptance of BUA’s product offerings. |
Lafarge Africa reports 99% growth in FY2031 March 2021, Published under Cement NewsLafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the company's cost optimisation strategy to reduce loss arising from unproductive assets. This move led to the improvement in the company’s recurring EBIT margin from 16 per cent in 2019 to 20 per cent in 2020. Lafarge's revenue expanded by 8.3 per cent YoY to NGN230.6bn, driven by the strong demand for cement... |
Cement prices rise in Ghana29 March 2021, Published under Cement NewsCement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins. |
Dangote Cement records strong pan-African cement volumes in FY2025 March 2021, Published under Cement NewsDangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and clinker sales in Nigeria rose by 14.3 per cent in FY20. The company saw a strong ‘V-shaped’ recovery in cement demand in Nigeria in the 3Q20 with volumes recorded at 4.29Mt for the quarter and this was relatively sustained with strong 4Q20 volumes of 3.91Mt. Dangote reported decreased market disruptions as a result of... |
Dangote Cement Group reports FY20 revenues of NGN1034.2bn24 March 2021, Published under Cement NewsDangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m. Michel Puchercos, Group CEO, said: "Despite the impact of the COVID-19 pandemic, 2020 was a reco... |