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Bamburi Cement’s profit plummets due to input costs 16 April 2019
Kenya: Bamburi Cement’s profit before tax fell to US$6.73m in 2018 from US$40.7m in 2017. Its turnover rose by 4% to US$369m from US$356m. Its cement volumes grew by 5%. It blamed the drop in profits on increasing energy and raw material costs. The subsidiary of LafargeHolcim noted that the market delinked by 5% in Kenya, its primary market, and was ‘flat’ in Uganda. It also noted ‘increased competitive pressure’ due to cement grinding production capacity and the ‘shrinking’ market.
EAPCC staff demand jail for directors over pay row 16 April 2019
Kenya: Employees of the East African Portland Cement Company (EAPCC) have filed an application at the Court of Appeal to jail the company’s directors for not paying them. The workers argue that, despite both the labour and appellate courts having directed that they be paid, the company directors have failed to comply, according to the Business Daily newspaper. Over 400 workers were awarded nearly US$14m under a 2012 - 2015 collective bargaining agreement (CBA).
Matsiloje Portland Cement unlikely to reopen without government support for block on imports 16 April 2019
Botswana: Rachit Josh, the managing director of Matsiloje Portland Cement, say that the company will struggle to reopen without government support to block imports. The cement producer closed its plant at Matsiloje, near Francistown in January 2018, according to the Monitor newspaper. Josh blamed cement imports from South Africa as being a particular concern.
In June 2018 the Ministry of Industry, Trade and Investment said it was starting to introduce restrictions on imports restricting imports to 70% locally sourced product. However, it is unclear when these measures will be implemented.
Matsiloje Portland Cement is a subsidiary of Nortex Group. Its integrated plant had a production capacity of 30,000t/yr. The company produced the lime it used for its cement and it sourced other raw materials from South Africa and fly ash from a power station at Morupule.
Uganda: Hima Cement, a subsidiary of LafargeHolcim, is a building materials partner for the on-going 600MW Karuma Hydropower project on the River Nile. The plant is being built by China’s SinoHydro Corporation at an estimated cost of around US$1.7bn. The project was started in 2013 and it is scheduled to be completed in December 2019.
Hima Cement has been one of two cement suppliers assisting it. It has provided a fine cement that maintains its early strength while requiring a lower water content. Over 114,000t of Powermax CEM II A-P 42.5N have been supplied to the project, chosen for its low heat requirements for hydration and its pozzolanic content which results in long-term durability. Delivery of this product has required a dedicated fleet of 60 bulk cement trucks when cement demand for the project was at its peak.
Cemex USA awarded 2019 Energy Star Partner of the Year 16 April 2019
US: Cemex USA has been awarded the 2019 Energy Star Partner of the Year by the Environment Protection Agency (EPA) for its efforts in energy management. It was presented with the award by the EPA and the US Department of Energy at a ceremony in Washington, DC.
“At Cemex, sustainability is key to our vision of building a better future, embedded in our core business strategy and day-to-day operations,” said Cemex USA President Ignacio Madridejos. “We strive to conserve energy where possible with energy management initiatives, and many of our operations have received repeated recognition for their efforts. Cemex is also incorporating the use of more alternative fuels.”