Cement News tagged under: West Africa
Dangote Cement PLC offers transparency for 2019 Annual and Sustainability Report24 September 2020, Published under Cement NewsDangote Cement offered transparency of the facts behind the figures of its combined Annual and Sustainability Report of 2019 in a webinar. The report was presented online yesterday to the capital market stakeholders. Michel Puchercos, Dangote Cement’s general managing director, said: "We continue our efforts on sustainability and governance with our seven sustainability pillars – 'The Dangote Way'. The seven pillars – cultural, economic, institutional, financial, environmental, operatio... |
Ghana sees 4% drop in sales in 1Q2001 September 2020, Published under Cement NewsTotal cement sales in Ghana have fallen 3.9 per cent YoY in the first quarter of 2020. The 1Q volume in 2020 reached 814,979t, when compared with 848,259t in the 1Q19. The drop in cement sales has been attributed by the Bank of Ghana due to a slowdown in construction activity due to the coronavirus pandemic. Cement prices in Ghana have been affected by the sharp fluctuations int he Ghanaian cedi in comparison with the US dollar. |
Malbaza Cement to open new quarry17 August 2020, Published under Cement NewsMalbaza Cement Co intends to open a new quarry to obtain limestone, sand and clay in Malbaza, Niger. The opening of the new quarry is planned as the old deposits are being exhausted, according to the country’s government, who has declared the project of public interest. Malbaza Cement opened its 0.65Mta cement plant in 2019. Output from the facility is expected to cover 80 per cent of domestic demand and will enable Niger to considerably reduce cement imports. |
Nigeria in focus07 August 2020, Published under Cement NewsNigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financial constraints arising from COVID-19 and general apathy for cement demand. Nigeria has been at the head of the queue to see African cement demand recovering with BUA Cement and Dangote cement reporting an upturn in 1H20 sales, while exports have begun for Dangote. BUA Cement's 1H20 results saw a robust 12.7 per cent ... |
Dangote's 1H20 results see 2% revenue growth27 July 2020, Published under Cement NewsDangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to NGN31.5bn. Profit before tax was up 4.7 per cent to NGN162.9bn and net debt stood at NGN372.1bn at the end of 30 June 2020. Michel Puchercos, Group CEO, said: "I am humbled by the fact that we continue to be in a strong position despite the economic downturn that the world is facing due to COVID-19. Although April ... |
BUA Cement plans new 3Mta plant in Adamawa06 July 2020, Published under Cement NewsNigeria’s BUA Cement has announced that it is planning to establish a 3Mta cement facility and 50MW power plant in the Guyuk and Lamurde areas of Adamawa state. While visiting the state governor, Abdul Samad Rabiu, chairman of BUA Cement, reportedly referenced preliminary findings which show that the two areas have good quality limestone deposits and said the company is ready to begin investment in the state. Mr Rabiu noted that the Guyuk plant would be a major investment into the northea... |
Ghana’s cement producers not benefitting from power relief18 June 2020, Published under Cement NewsFollowing Ghanaian President Akufo-Addo’s announcement of the introduction of a relief on electricity to support individuals and businesses, cement producers and steel companies located within the Tema Free Zone enclave say they have been denied such government support, considerably affecting their business. The affected parties, including CIMAF Ghana Ltd, have only received a rebate of 22 per cent of April invoice values, instead of 50 per cent. Speaking to the media, Rev Dr George Dawson... |
Senegal sees contraction in cement sector17 June 2020, Published under Cement NewsCement exports from Senegal have fallen by 42.3 per cent MoM in March 2020 while domestic sales slipped by 0.5 per cent, according to ANSD, the national agency for statistics and demography. YoY the drop was 41.5 per cent for exports while domestic sales edged up 0.2 per cent. Output at the country’s cement plants declined by 9.5 per cent MoM and 7.7 per cent YoY. |
Final acceptance certificate issued for Edo Cement second line09 June 2020, Published under Cement NewsOn 4 June, the final acceptance certificate (FAC) was issued from BUA Group to the EPC Contractor CBMI Construction, the core member of Sinoma International, for EDO Cement's second 6000tpd new lin, in Nigeria. The new plant has been under our operation and maintenance since June 2019 with a reliable and high running rate, much to the satisfaction of the client, said CBMI Construction. CBMI is awarded the final acceptance certificate for BUA Cement's second kiln line at the Edo ... |
BUA Cement posts 25.1% rise in revenue08 June 2020, Published under Cement NewsBUA Cement has announced a 25.1 per cent YoY increase in revenue to NGN54bn (US$139.3m) in its financial results for the 1Q20. Profit before tax increased by 15.7 per cent YoY from NGN17.4bn to NGN20.1bn in the 1Q20, while profit after tax reached NGN19.8bn – a 26.2 per cent YoY increase from NGN15.7bn. Discussing the results, Yusuf Binji, Managing Director/CEO of BUA Cement, said the excellent performance in the 1Q financial results amid the outbreak of the COVID-19 pandemic is yet anothe... |