Cement News tagged under: ethiopia
PPC01 December 2016, Published under Cement NewsImproved cement sales in South Africa and growing volumes in Rwanda resulted in PPC reporting a 13 per cent increase in group cement sales in the six months ending 30 September 2016, compared to the previous six months. Revenue for the period came in at ZAR5.2bn (US$370m), compared to ZAR4.6bn in the six months ending 31 March 2016, representing an increase of 15 per cent. Revenue in the lime business advanced by six per cent while the company’s aggregates and ready-mixed operations recorded... |
Ethiopia: protesters start fires at Dangote plant05 October 2016, Published under Cement NewsA Dangote cement plant in the Ada Berga, Oromia region, was set alight by angry protesters on Tuesday. The protesters were angered by the death of at least 55 people in a stampede triggered by clashes between police and demonstrators at a religious festival held by the Oromo people on Sunday. Protesters claimed the stampede was a result of violence by the security forces, but the Prime Minister has denied that the security forces had opened fire. The government has declared three days of ... |
Ethiopia: Dangote plant attracted with cheap power deal08 September 2016, Published under Cement NewsDangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun... |
Dangote exports Ethiopian cement to Kenya31 August 2016, Published under Cement NewsKenya's cement market is now being supplied with cement from a new source as Dangote has started exports from its 2.5Mta Ethiopian plant to the east African country. Industry sources said the majority of the exports are destined for road construction projects in the north of Kenya. The step is expected to drive down prices in a market that has seen virtually no price changes in the past decade. Dangote said that the cement exported to Kenya is priced at around KES7400 (US$74)/t or up ... |
PPC29 June 2016, Published under Cement NewsIn the six months ended 31 March, 2016, PPC saw its group revenue dip by one per cent to ZAR4.5bn (US$294.01m). Group EBITDA was up by two per cent to ZAR1.1bn with an EBITDA margin of 25.4 per cent, mainly due to improved efficiencies and cost savings as part of the company’s Profit Improvement Programme. The programme, which aims to deliver ZAR400m by 2017, generated ZAR178m in the six months in question, taking the running total to ZAR390m. According to the company, this has mainly been a... |
Indonesia: Semen Indonesia looks to international markets21 June 2016, Published under Cement NewsAmid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam. ... |
Iran: exporters look to Africa for new markets15 June 2016, Published under Cement NewsIranian cement producers are looking further afield as the impact of Iraq’s ban on imports shuts them out of their main export market, the Financial Tribune reports. The lifting of sanctions on Iran earlier this year has expanded the list of potential destinations for cement exports. In May, the Iraqi parliament approved legislation banning cement imports in a move designed to protect domestic producers. Iran has hitherto been a major supply to its neighbour: 48 per cent of Iranian export... |
Ethiopia: 32 mining licenses revoked09 May 2016, Published under Cement NewsEthiopia’s ministry of mines, petroleum and natural gas has revoked mineral exploration and production licenses of 32 companies due to lack of financial capacity and for failure to fulfill their duties, a top government official said. Due to a lack of results and financial capacity, nine of the companies returned their licenses voluntarily, Mr Gebregziabher explained. However, licenses of the remaining 23 companies were cancelled due to failure to discharge their duties properly, he said.... |
Ethiopia: Dangote keen on further expansion07 April 2016, Published under Cement NewsSpeaking to Ethiopian news portal, 2Merkato, Aliko Dangote, announced the Nigeria-based cement group would expand its investment in Ethiopia. Aliko Dangote, the Nigerian billionaire and chairman of Dangote Industries established a US$600m plant in Ethiopia in June 2015, but plans are on the table to expand the 2.5Mta factory. Commenting on the development, Mesfin Abera, the company’s sales and marketing head, said Dangote Industries has decided to expand the existing plant. The 2.5Mta exp... |
Ethiopia: Derba plans US$300m expansion04 April 2016, Published under Cement NewsDerba Cement, a MIDROC Ethiopia subsidiary, is planning to expand its cement plant at a cost of US$300m. The expansion project is expected to take from 18 to 24 months. Derba Cements CEO, Haile Assegide, explained Derba was preparing to build a second plant in Chancho City. Upon completion, the plant would have the capacity of producing 2.5Mta of cement, he furthered. The company’s first plant, which also has a 2.5Mta capacity, was built at a cost of US$351m. However, the company is p... |