Quarry Southern Africa May 2019 - Page 10

AFRICAN NEWS African cement news round-up The local market in Morocco has suffered a 5% drop. 60% to USD24.6-million from USD15.4-million. Its cement sales volumes increased by 9%. The subsidiary of Germany’s HeidelbergCement says that the local cement market saw continued growth in 2018 and that, despite production overcapacity, it maintained its ‘market leadership.’ Morocco: Ciments du Maroc’s turnover fell slightly to EUR371-million in 2018. Its net profit grew by 3.4% year- on-year to EUR96-million in 2018 from EUR92.8-million in 2017. Its cement sales volumes fell by 2.7% in 2018 compared to a drop in local cement consumption of 3.7%. The cement producer says that it continues its development plan at Nador in the south of the country. Ivory Coast: Prestige Cement has inaugurated a 1.2Mt/ year plant at Abidjan. The Chinese-Ivorian joint venture had an investment of around USD35-million, according to the Agence de Presse Africaine. The unit has two 0.6Mt/year production lines using vertical roller mills. Morocco: LafargeHolcim Morocco’s turnover fell by 2% year-on-year to EUR725- million in 2018 from EUR743-million in 2017. Its consolidated net profit dropped by 18% to EUR156- million from EUR177-million. LafargeHolcim’s subsidiary says that its sales had fallen less than 5% which the local cement market suffered and blamed a drop in operating income on lower revenue and rising petcoke costs. The cement producer is confident about the fundamentals of the building materials sector and plans to commission a new cement plant in Souss region in 2020. 8_QUARRY SA | MAY/JUNE 2019 Kenya: The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech by Simba Cement. CAK says that, as Cemtech had been dormant for a decade, its purchase would revive the company, create jobs, and improve the economy in West Pokot County. Simba Cement is a subsidiary of Devki Group and it trades under the National Cement brand. Cemtech is a subsidiary of India’s Sanghi Group, which has attempted to build a cement plant in West Pokot since 2010. The acquisition includes Cemtech’s land, business intellectual property, business records, equipment, goodwill, licences, stock, and third-party rights. Kenya: Data from the Kenya National Bureau of Statistics used by CAK showed that the leading companies in the country’s cement sector by market share were: Bamburi Cement (33%), Mombasa Cement (16%), East African Portland Cement (15%), Savannah Cement (15%), National Cement (8%), and Athi River Mining Africa (13%).  Tanzania: Twiga Cement’s revenue rose by 30% year-on- year to USD151-million in 2018 from USD116-million in 2017. Its net profit grew by Nigeria: BUA Group has signed a contract with Finland’s Wartsila Oy for construction of a 48MW power plant for Line 3 at its Sokoto Cement plant in Sokoto State. The deal follows BUA’s January 2019 announcement that China’s CBMI will build the new line at the site. BUA is Nigeria’s second-largest cement producer by volume, with assets that include the 6Mt/ year Obu Cement I & II plants in Okpella, Edo State, CCNN’s 1.5Mt/year Kalambaina plant, and the 0.5Mt/year Sokoto cement plant. Kenya is benefiting from China’s Belt and Road initiative. www.quarryonline.co.za