Displaying items by tag: Senegal

Nigeria: Dangote Cement sold 13.4Mt of cement during the first half of 2023. Its sales volumes outside Nigeria were 5.4Mt, up by 12% year-on-year from 4.9Mt in the first half of 2022. The producer noted 'robust demand' in Ethiopia, the Republic of Congo, Senegal and Zambia. It reported revenues worth US$1.23bn in the first half of 2023, up by 17% from first-half 2022 levels. KOGI Reports News has reported that the producer's profit after tax rose by 3.8% in the half, to US$232m.

Chief executive officer Arvind Pathak said "Dangote Cement delivered positive results in the first half of the year. Our Nigeria operations achieved a 23% quarter-on-quarter recovery in sales during the second quarter of 2023, which was impacted by the general elections and the 'cash crunch.' However, the steep currency devaluation in mid-June slowed this volume recovery and increased already inflated operating costs." He added “We will continue to focus on our strategic growth priorities, hinged on our vision of transforming Africa and building a sustainable future. I am optimistic that our business remains resilient and well positioned to overcome unforeseen macroeconomic headwinds.”

Senegal: Cement production in Senegal by Sococim, Dangote Cement and Ciments du Sahel fell by 5.6% month-on-month in January 2023. According to the National Agency for Statistics and Demography, this drop was due to weaker exports, which fell by 7.0% month-on-month. In contrast local cement sales improved by 6.5%.

Compared to January 2022, January 2023 saw an 11.1% increase in cement production volumes. Exports rose by 58.2% year-on-year, while local sales rose by +7.5%.

Senegal: The International Finance Corporation (ICF) has arranged a Euro242m finance package for SOCOCIM Industries to build a new production line at its Rufisque cement plant in Dakar Region. Euro214m of the loans will be used to decarbonise cement production at the site, including a contribution towards a larger Euro260m upgrade project. The new planned production line will have an alternative fuels substitution rate of 70%, increased energy efficiency and will reduce the plant’s CO₂ emissions.

The finance package organised by the IFC comprises a Euro120m loan from the IFC's own account and Euro122m equivalent in local currency parallel loans from Société Générale Sénégal, CBAO Groupe Attijariwafa Bank, Banque Internationale Pour Le Commerce et l'Industrie du Sénégal, and Ecobank Sénégal. Société Générale Sénégal has been appointed as the administrative agent to manage the local currency financing with the other lenders.

SOCOCIM is a subsidiary of France-based Vicat. Fives revealed in early 2022 that it would supply a 6500t/day kiln line for the Rufisque plant.

Senegal: China-based Sinoma CBMI Construction has commissioned a new production line at Ciments du Sahel’s Kirene plant near Dakar. The new 6000t/day line is intended to replace the plant’s existing third production line. Ciments du Sahel signed a contract with Sinoma CBMI to upgrade the plant in 2020.

Senegal: Germany-based Gebr. Pfeiffer has received an order for an MVR 5000 R-4 vertical roller mill from Morocco-based Ciments de l'Afrique (CIMAF). CIMAF plans to install the mill at its Keur Moussa cement plant in Senegal. The mill has a capacity of 470t/hr, and will be equipped with an SLS 4000 VR classifier.

CIMAF hopes to reduce Senegal's reliance on imported cement from the time of the mill's commissioning, scheduled for early 2024.

Senegal: SOCOCIM Industries, a subsidiary of France-based Vicat, has reportedly stopped producing cement at its integrated plant at Rufisque. The move has been blamed on the high price of coal and other raw materials, according to local media. In August 2022 Dangote Cement placed all of the staff from its integrated plant at Thiés on leave for the month. The government previously set a so-called ceiling price of cement in 2019 in responses to high prices.

Senegal: Data from the National Agency for Statistics and Demography (ANSD) indicates that cement exports fell by 34% month-on-month in June 2022, although local sales rose by 4%. Overall cement production fell by 2% as manufacturers battle the economic impacts of the war in Ukraine.

Algeria: Groupe des Ciments d'Algérie (GICA) has obtained a certificate of conformity with European standards (CE) for three types of cement. The certification should allow the company to export more products to Europe, according to the Expression newspaper. It applies to its Gica Moudhad and Gica Béton products. The move follows similar certification of products with the Association Française de Normalisation (AFNOR) from the company’s Aïn El Kebira plant in July 2021. At the same time the Minister of Industry said it was helping the group with its export strategy.

In 2021 GICA exported 2.25Mt of cement to countries including the Ivory Coast, Gambia, Ghana, Mauritania, Senegal , Cameroon, Benin,  Guinea, Brazil, Peru, the Dominican Republic, Haiti and a number of European countries.

Nigeria: Dangote Cement sales volumes in the first quarter of 2022 have been hampered by disruptions to gas supplies domestically and by high freight rates restricting its exports of cement and clinker to Cameroon, Ghana and Sierra Leone. Its sales volumes of cement fell by 3.6% year-on-year to 7.25Mt in the first quarter of 2022 from 7.52Mt in the same period in 2021. Its revenue grew by 24% to US$994m from US$801m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18.6% to US$508m from US$428m.

Michael Pucheros, the chief executive officer of Dangote Cement, said “Our group volumes were down 3.6% mainly due to energy supply challenges in Nigeria. Our operations relying on cement and clinker imports – namely Ghana, Sierra-Leone, Cameroon - were impacted by the global supply chain challenges.” Additionally, its operations outside of Nigeria was also negatively affected by a cement plant in Congo being shut for over two months due to maintenance and repairs and extended power plant maintenance in Senegal.

Senegal: France-based Fives has detailed the equipment that it will supply for its construction of a new 6500t/day kiln line at SOCOCIM Industries’ Rufisque cement plant in Dakar Region. The company says that it will supply a preheater, in-line Preca calciner, kiln, TGT filter and Pillard Novaflam burner.

SOCOCIM Industries’ parent company Vicat’s chair and chief executive officer Guy Sidos said “Vicat Group renews its partnership with Fives Group through this major project of building a new line with a strong local dimension, employing local workers and contractors.” He added “This plant will eventually eliminate the use of fossil fuels, reduce our energy consumption and support Senegalese local development, making a higher quality product while doubling our production capacity.”