Exciting news on CemNet Newsroom on 5th April 2018 that BUA Cement is to list on the Nigerian stock exchange with the aim of giving others the opportunity to share in the business and to release capital for other projects. Whitehopleman has a long association with Nigeria and has talked with BUA on...
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Whitehopleman
On 4th April CemNet Newsroom reported that Cementir Holding completes today the acquisition of an additional 38.75 per cent stake in Lehigh White Cement Co. Dr Clark's PhD is in the chemistry of the production and quality of white cement, which lead him to be asked to visit Lehigh White's cement pla...
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Whitehopleman
Lafarge Cement Zimbabwe Ltd posted a loss of US$609,589 for the year ended 31 December 2017 according to CemNet Newsroom on 4th April 2018. Revenue during the period under review fell 4.14 per cent to US$58.4m from US$61m. Apparently heavy rainfall adversely affected cement stocking patterns and pa...
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Whitehopleman
On 3rd April 2018 CemNet Newsroom reported that LafargeHolcim Algeria carried out its third export shipment of grey cement to Gambia from the port of Arzew on 28 March. Following two earlier shipments in December 2017 and March 2018, some 30,000t of bulk grey cement was delivered from its Oggaz ceme...
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Whitehopleman
CemNet Newsroom tells us on 3rd April that Bangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries, is still looking for an engineering and construction contractor to convert the Chhatak cement plant into a dry-process plant in northeast Bangladesh. Whiteho...
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Whitehopleman
On 3rd April CemNet Newsroom reports that Tanzania Portland Cement, otherwise known as Twiga Cement, recorded a net profit of TZS35.5bn (US$15.6m) last year, lower than TZS39.8bn (US$17.6m) recorded in 2016. The fall of net profit was a result of increase income tax, decrease in price and sale cost...
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Whitehopleman
CemNet Newsroom reports on 30th March 2018 that Cahya Mata Sarawak Bhd (CMS), Malaysia,has recorded a 4 per cent YoY increase in revenue to MYR1.61bn (US$415.67m) from MYR1.55bn. The group also announced a 26 per cent rise in profit after tax and non-controlling interests (PACNI), to MYR213.21m from...
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Whitehopleman
Apparently Kenya's Savannah Cement is seeing more opportunity for trade with the signing of the African Continental Free Trade Area (AfCFTA) agreement according to CemNet Newsroom on 26th March 2018. The AfCFTA signed on 20th March in Kigali, Rwanda, seeks to create a single continental market for...
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Whitehopleman
On 23rd March 2018 CemNet Newsroom reported that a cement shortage had lead to retail price hikes in Banjul, Gambia. Apparently both Gacem and Salam Cement expressed their surprise at the retail prices. Whitehopleman thinks that cement customers will not have to worry about high prices for very lon...
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Whitehopleman
Very interesting to read on CemNet Newsroom on 23rd March 2018 that the West African Development Bank has approved a XOF25bn loan to help fund a third production line at Ciments du Sahel’s plant in Kirène, near Rufisque, Senegal. Apparently the new line will have a capacity of 2.7Mta and increase cu...