On 6th June 2018 CemNet Newsroom reported that the Bolivian cement producer, Fancesa, will carry out market research in Paraguay, Argentina and Chile this year with a view to entering these markets as soon as the company’s new line is up and running in 2019. Whitehopleman assisted Fancesa with their...
By -
Whitehopleman
On 30th May CemNet Newsroom reported that Uganda's government has back-tracked on initial plans to call in cement imports because local manufacturers have stabilised prices. Cement prices had risen sharply in April, following cement shortages. In April, the Kasese-based Hima Cement said it was recei...
By -
Whitehopleman
As Whitehopleman counsels against debt financed expansion comes news on CemNet Newsroom on 29th May that Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc. The chairman of the Ibeto Group has announced the company’s plan to grow beyond west Africa...
By -
Whitehopleman
Lafarge Africa Plc plans to cut debt over the next two years as it seeks to boost profit before resuming expansion, according to the company’s chairman, reports CemNet Newsroom on 25th May 2018. Whitehopleman can see that that would be a good strategy for Lafarge Africa. Debt in US$ with interest ra...
By -
Whitehopleman
CemNet Newsroom reported on 25th May 2018 that Zambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement after the High Court of Zambia awarded full ownership of the company to the Ventriglia family of Italy. The outcome follows a decade-long court battle bet...
By -
Whitehopleman
CemNet Newsroom reported on 24th May 2018 that Chile-based Cemento Melón has increased its first-quarter earnings by 12 per cent to US$7m when compared with 1Q17, despite lower cement sales volumes. Efforts have been maintained to contain fixed costs, logistics and administration in all units of the...
By -
Whitehopleman
Good to receive news on 24th May that Whitehopleman's old friends at FCT Combustion headquartered in Adelaide, Australia will be supplying a complete raw material drying system to Cemento Chimborazo, Ecuador. The project consists of a 41.2 tph Triplex drier and a fluidized bed combustion system for...
By -
Whitehopleman
Risk is a basic feature of business and certainly part of cement manufacturing. All cement companies need to undertake a process of risk identification, assessment and risk management or mitigation. Once risks have been identified they need to be managed appropriately. There are different types of r...
By -
Whitehopleman
CemNet Newsroom reported on 17th May 2018 that Deep Kamara, Dangote Cement’s country manager in Ethiopia, was killed by gunmen on while returning to Addis Ababa from the factory. Reports suggest that Mr Kamara’s secretary and driver were also shot in the incident which occurred in the unstable Oromi...
By -
Whitehopleman
Pleased to read on CemNet Newsroom on 15th May 2018 that Malaysia-based Cahya Mata Sarawak Bhd (CMS) has reported a 15.4 per cent rise in unaudited revenues to MYR354.987m (US$89.7m) in the quarter ended 31 March 2018. Whitehopleman is always pleased to read of our customers making profits as that u...