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Displaying items by tag: Zambia
Nigerian sales grow for Dangote Cement so far in 2018
29 October 2018Nigeria: Domestic sales volumes of cement by Dangote Cement grew by 11.7% year-on-year to 10.8Mt in the first nine months of 2018, from 9.6Mt in the same period in 2017. However, sales in Sub-Saharan Africa grew slightly to 7Mt due to lower sales in Tanzania, disruptions due to civil unrest in Ethiopia and a reduction in exports from Nigeria to Ghana. This was mitigated by growing sales volumes in Zambia. Sierra Leone and the start-up of operations in the Republic of Congo. The cement company’s revenue rose by 13.5% to US$1.89bn from US$1.66bn and its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 14.6% to US$928m from US$810m.
“Nigerian sales were affected by serious flooding in September 2018 and although Pan-African sales were flat, we will see soon increased sales from Tanzania, now that its gas turbines are installed, and from Ethiopia as local community issues are resolved. We have launched new products in Nigeria that we believe will help us improve our leadership position in Africa’s most exciting market for cement,” said Joe Makoju, Group Chief Executive Officer (CEO).
Zambia: ZCCM-Investment Holding, an investment company owned by the Zambian government, says that it will be the junior partner in a cement plant that it is planning to build in a joint venture with China Machinery Construction Group Limited (SinoConst). ZCCM will hold 35% of the joint venture, Central African Cement, and SinoConst will hold the remaining 65%. The US$680m project was announced in early 2018.
ZCCM also announced that its subsidiary, the Ndola Lime Company, was continuing to be in ‘distress.’ It said that its board was considering its options. The lime producer has reportedly suffered from liquidity problems and low production due to old equipment.
Zambia: China National Building Material (CNBM) Zambia has commissioned a building materials plant at Chongwe Mapande Industrial Park near Lusaka. The company has invested an estimated US$500m in the project, according to the Lusaka Times. The first phase of the project includes a 1Mt/yr cement plant, a brick plant, a ready-mix concrete plant, an aggregate production line and a sand plant.
Zambia: The Ventriglia family has been awarded full ownership of Zambezi Portland Cement by the High Court of Zambia. The resolution follows a 10-year battle between the Ventriglias and businessman Rajan Mahtani, according to the Times of Zambia. Mahtani’s company Finsbury Investments claimed a majority share in the cement producer but the Ventriglia family objected, asserting full ownership of the company.
Zambia: Weye Construction Materials has submitted plans to the Zambia Environmental Management Agency to build a 1Mt/yr cement plant in Chilanga district. The investment for the proposed project, including quarry and full clinker production line, has been set at the low value of US$45m.
According to the application the project will build a raw material mill single–stage cyclone pre-heater, a coal-fired rotary kiln and a packaging unit. Bag filters will be used for dust recovery at the bagging facility and material transfer points. Electrostatic precipitators will be installed for gas cleaning to avert nuisances from the kiln. WEYE added that the project would also create 555 jobs.
WEYE Construction Materials is owned by two Chinese shareholders: Zhang Yiwei and Lu Qiang. It is a subsidiary of China’s Weye Construction Group, based in Jiangsu province and established in 1999.
ZCCM-Investment Holding to start building US$680m cement plant in Zambia later in 2018
06 March 2018Zambia: ZCCM-Investment Holding, an investment company owned by the Zambian government plans to start work on a US$680m cement plant later in 2018. ZCCM-Investment Holding chief executive officer Pius Kasolo said that drilling tests had been completed at the site, according to the Zambia Daily Mail newspaper. Construction of the plant is expected to take two to three years once the finance for the project is secured and feasibility studies are completed.
Court sets date for end of Zambezi Portland Cement case
19 January 2018Zambia: The High Court of Zambia has set 25 February 2018 as the date it will hand down a judgement on a case involving Zambezi Portland Cement (ZPC) between businessman Rajan Mahtani and the Vetriglia family. The case concerns a battle over the shares and management of the company between Mahtani and members of the Vetriglia family, according to the Times of Zambia. Mahtani originally attempted to close the company in 2015 but the original owners resisted the attempt. However, Mahtani maintains that he holds a majority share in the cement producer.
Lafarge Zambia fined for market abuse
20 December 2017Zambia: The Board of Commissioners of the Competition and Consumer Protection Commission (CCPC) has fined Lafarge Zamiba over US$19,000 for abusing loyalty discount schemes, price discrimination and excessive pricing. The fine represents 10% of its annual turnover in 2012, according to the Times of Zambia newspaper. It follows an investigation in the cement producer from mid-2013 following accusations of ‘persistent’ price rises.
The CCPC says that Lafarge Zambia’s pricing policy discriminated the domestic market against the export market and particularly distorted the sector in Lusaka. It has ordered the company to cease and desist such behaviour and to report to the board in early 2018 regarding how it is complying with the ruling.
Lafarge Zambia operates two cement plants in the country. It says it made revenues of US$171,000 in 2016.
Dangote Cement strikes deal with Zambia Railways
10 October 2017Zambia: Dangote Cement Zambia has contracted Zambia Railways to transport 2000t/month of cement and 500t/month of coal. Zambia Railways is transporting cement from Ndola to Lusaka and coal from Batoka to Ndola on behalf of Dangote Cement, according to the Times of Zambia newspaper. The cement producer operates a 1.5Mt/yr integrated plant in the country with 1200 employees and a fleet of over 500 trucks. It also runs a 30MW coal power plant.
LafargeHolcim deal boosts freight rates for Zambia Railways
19 September 2017Zambia: A contract with LafageHolcim has boosted Zambia Railways freight rate by 28% year-on-year to 318,000t in the first half of 2017 from 247,000t in the same period of 2016. The railway company attributed the increase to a new contract with LafargeHolcim, according to the Zambia Daily Mail newspaper. It also cited rising coal imports from Zimbabwe for ‘booming’ cement production in Zambia, as well as more business in the Democratic Republic of Congo.