Cement News tagged under: West Africa
Cement prices cool in Mali26 January 2021, Published under Cement NewsFollowing cement prices of XOF130,000/t (US$240.48/t) reported 10 days ago, the price of cement in Mali has been falling to XOF95,000-110,000/t, depending on the location. The price drop is due to a resumption of normal supply as Diamond Cement and the routing of around a 100 loads from Dakar, Senegal. |
Lafarge Africa to sell 35% stake in Ghana operations25 January 2021, Published under Cement NewsFollowing an emergency meeting of its Board of Directors, LafargeHolcim-owned Lafarge Africa Plc reached an agreement to offload its 35 per cent holding in Ghana-based Continental Blue Investment after years of loss-making. The step is the second major divestment in less than two years after Lafarge Africa’s US$316m sale of its South African subsidiary in July 2019. Proceeds of this deal went to settling Lafarge Africa’s debt to Caricement BV in a debt-to-equity swap, improving the company... |
Nigeria: search for new markets19 January 2021, Published under Cement NewsWhile Nigerian cement volumes rose sharply in the 3Q20 amid the COVID-19 pandemic, there is limited room for strong volume and price growth. For the oligopolistic domestic cement industry, competitive pressures are a central theme and cost efficiencies remain key. Given challenges locally, new export opportunities could potentially be opening up. By Afrinvest, Nigeria. For Nigeria’s cement industry, competitive pressures remain important despite the sharp rise in domestic volumes i... |
Cement price in Mali surges due to shortage15 January 2021, Published under Cement NewsCement is becoming an increasingly scarce product in Mali. As a result, prices have risen from XOF90,000/t to XOF125,000-130,000/t, according to MaliActu. In 2019 Mali had a cement demand of around 2.8Mt, with future consumption underpinned by a need for infrastructure and high population growth. However, output from the country’s cement industry is only approximately 1Mta and wide-spread shortages have been reported. |
BUA Cement sees growth in Nigerian market08 January 2021, Published under Cement NewsThis week, BUA Cement completed its NGN115bn (US$291bn) Series 1 corporate bond issue. The company is set on an expansion programme that will result in its production capacity reaching 22Mta by 2022 with three new production units established in Edo, Sokoto and Adamawa states, adding 9Mta to group cement capacity. BUA Cement sees a good opportunity to grow further in its domestic market of Nigeria, despite the presence of Dangote Cement, which has an installed capacity of 29.3Mta in Niger... |
Aumund wins order for OYAK Çimento plant07 January 2021, Published under Cement NewsOYAK Çimento AS has awarded thyssenkrupp Industrial Solutions (France) SAS the project to construct a grinding station for calcinated clay and cement in Kribi, Cameroon, and Aumund France has received contracts to supply bulk material handling equipment for the project. Aumund is supplying a package of three Aumund bucket elevators with central chain type BWZ, three belt bucket elevators type BWG and three Samson ® material feeders as the conveying solutions for each of these mills. ... |
BUA Cement completes NGN115bn Series 1 corporate bond issuance05 January 2021, Published under Cement NewsBUA Cement Plc has successfully completed its NGN115bn (US$291bn) Series 1 corporate bond issue as part of its NGN200bn bond issuance programme. The development is the largest ever corporate bond issuance in the Nigerian Debt Capital Markets. BUA Cement's N100bn Series 1 issue is a seven-year issuance priced to a rate of 7.5 per cent and was oversubscribed by NGN137.82bn. Meanwhile, BUA Cement announced its intention to increase production capacity to 20Mta by 2022. Its newest 3Mta plant i... |
Manufacturers to offer discounted cement for Nigerian housing project04 January 2021, Published under Cement NewsNigeria’s cement manufacturers have agreed to discount cement prices for the construction of houses under the federal government’s Economic Sustainability Plan (ESP). "They have agreed to give cement for this project at a considerable discount which is a very helpful thing to do and we really commend and thank them for the contributions they are making, it is a very patriotic thing on their part. They also see the importance of this Mass Housing Programme," said Yemi Osinbajo, the country's... |
Mfamosing plant is presented with MANCAP product quality certificates30 December 2020, Published under Cement NewsThe Standards Organisation of Nigeria (SON) has presented the Mandatory Conformity Assessment Programme (MANCAP) product quality certificates to Lafarge Africa Plc, Nigeria's operations. The presentation comes after products from the company's Mfamosing plant satisfactorily met confirmatory and standardisation requirements set by SON. While presenting the certificates, Mallam Farouk A Salim, Director General of SON, said: "Lafarge products at the Mfamosing plant were awarded the ... |
BUA and Sinoma sign US$1.05bn project agreement23 December 2020, Published under Cement NewsNigerian cement producer BUA Cement Plc has signed an agreement with Sinoma CBMI of China to build three new cement plants with a capacity of 3Mta in Edo, Sokoto and Adamawa states. The 9Mta expansion project is estimated to cost around US$1.05bn and will bring BUA Cement’s total capacity to 20Mta, reports This Day. The new plants are in addition to the company’s 6Mta facility in Edo, the 3Mta works in Sokoto state and the 3Mta plant in Adamawa state, which is expected to be inaugurated in... |