Displaying items by tag: Diamond Cement

Ghana: The Cement Manufacturers Association of Ghana (CMAG) has appealed to the Ghana Standards Authority (GSA) to investigate the quality of Chinese cement imports. In a letter of the GSA George Dawson-Ahmoah cited two companies in Tema and Ejisu that allegedly sell cement products of ‘questionable’ quality, according to the Business and Financial Times newspaper. He also posited that samples of cement from these companies were ‘alarming’ and that this explained why their prices were ‘ridiculously’ low.

CMAG consists of Ghacem Limited, Diamond Cement group, CIMAF Ghana and CBI Ghana Limited. However, when asked by the local media why Chinese companies supplying Ghana were not part of the association, Dawson-Ahmoah said that they had been invited.

Ghana: The Cement Manufacturers Association of Ghana (CMAG) formally inaugurated itself at the start of July 2018. The association is intended to protect and accelerate the development of the industry, according to MyJoyOnline. Members of the association include Ghacem, Diamond Cement and Ciments de l’Afrique (CIMAF). In its constitution the association stated that it, “is not a cartel, but an umbrella body for cement manufacturers in the country.”

Raju Baddharaju, Diamond Cement, has been appointed as the first chairman of the association’s board. George Dawson-Ahmoah, Strategy & Corporate Affairs Director of Ghacem has been appointed as the executive secretary with effect from August 2018. Other members on the governing board include: Morten Gade-Member, Ghacem; Eugene Laryea-Member, Ghacem; N. Venkatesh-Member, Diamond Cement; Mohamed Bennis-Member, CIMAF; and Joseph Aboo-Member, CIMAF.

Previously, the Ghana Cement Manufacturers Association (GCMA) published its memorandum of understanding in 2015 with Ghacem and Diamond Cement as its founding members. Dawson-Ahmoah was the chairman of an interim executive body for the association.

Ghana: Diamond Cement has signed a memorandum of understanding (MOU) with the Ghana Ports and Harbours Authority (GPHA) to build a port at Kedzi in the Keta Municipality of the Volta Region. The site is being developed to help the cement producer import raw materials, according to the Ghanaian Times. At present it uses the port of Lome in Togo.

Guinea: Diamond Cement Guinea has been awarded a US$22.5m loan from the African Development Bank (AFDB) to build a 0.5Mt/yr cement grinding plant at Souguta. Overall the AFDB has pledged around US$37.5m for the project to the cement producer’s owner Wacem, according to African Manager financial news service. The AFDB previously part-financed a 0.5Mt/yr plant in Conakry with a value of US$15m.

Ghana: President John Mahama has inaugurated a US$50m cement grinding plant at Bokro. The unit will have a cement production capacity of 1Mt/yr and will manufacture 42.5R, 42.5N and 32.5 R grades of cement, according to the Ghana News Agency.

"This is a manifestation of how Ghana is harnessing Foreign Direct Investment for economic growth,” said Mahama. He added that complaints by local producers about imports of cement were being examined by the Ministry of Trade and Industry.

Ghana: Dangote Cement has defended its conduct against accusations of tax evasion, dumping and other unfair trade practices by local cement producers. Tor Nygard, managing director of Dangote Cement Ghana, defended the Nigerian company at a press conference in Tema saying that the company's entry into the local market had stabilised the price of cement and strengthened competition, according to the Business and Financial Times newspaper. He also described the attacks by market competitors as ‘smear tactics.’

The Cement Manufacturers Association of Ghana (CMAG), representing local cement producers such as Ghacem and Diamond Cement, lobbied the Ghanaian government in October 2016 calling for a ban on imports of cement.

Nygard dismissed accusations of dumping cement in Ghana from Nigeria and confirmed that the company pays all the relevant taxes on its imports. He added that Ghacem and Diamond Cement employ 3000 workers after 55 years of operation but that Dangote Cement employs 2000 workers in the country after only six years of operation. Finally, he detailed plans for the company’s new US$100m cement grinding plant in Takoradi that is due to be commissioned at the end of 2017.

Ghana: The Ghanaian Ministry of Trade and Industry (MTI) has announced that it will investigate Dangote Cement's operations, following allegations of predatory pricing made by Diamond Cement, according to the This Day newspaper. A ministry spokesman said that it was looking at the 'price of input' in manufacturing cement.

"There was no way Dangote could produce in Nigeria, bring goods into Ghana, pay tariffs and still sell at a price lower than Diamond Cement," said Ahmad Nasir, Deputy Communications Manager at the MTI. Diamond Cement are reported to have complained that competition from Dangote has reduced its cement production from 1.8 million bags to 1.3 million bags.

Ghana: Western Diamond Cement Limited (WDCL) has launched its product in Takoradi under the brand name 'Diamond Cement.' The company, which has the first vertical cement mill in Ghana, will produce 42.5 rapid and 32.5 rapid cements. It has 6500t of clinker storage.

Buddarajo Roju, Manager of Quality Control at Western Diamond Cement Limited, said that Ghana is a vibrant economy and that there is rapid growth in the whole of West Africa, especially infrastructural development. He said that the company is committed to implementing the Environmental Impact Statement to the Environmental Protection Agency and mitigation measures on dust generation, noise impact, as well as liquid and solid waste.

Ghana: The Ghana Cement Manufacturers Association (GCMA), which comprises Ghacem Ltd, Diamond Cement Company Ltd and Savannah Diamond Company Ltd, has appealed to the Ministry of Finance to urgently commence investigation into what it described as the tax liabilities of certain importers of bagged cement into the country.

In a letter dated 26 May 2015 and addressed to the director of taxes at the Finance Ministry, the GCMA said that it had gathered that two importers, SOL Ghana Ltd and Fujiman Sentuo, had allegedly declared cost, insurance, freight (CIF) values of about US$27/t and US$30/t respectively. The letter, jointly signed by George Dawson-Ahmoah, chairman and N Venketash, vice chairman / secretary, stated, 'The alleged values to us as seasoned manufacturers in the cement industry are unbelievable and call for the attention of the tax authorities. Such values, when confirmed, are under-valued leading to huge financial loss to the nation."

Ghana: Savanna Diamond Cement Co has launched operations of a 0.44Mt/yr integrated cement plant in Buipe, in northern Ghana. President John Mahama officially inaugurated the US$90m project, according to local media. The new plant uses limestone from Buipe. The plant holds a partnership with state power company GRIDCo with a 25MW substation from which 7MW is used by the cement plant and the remaining 18MW is used by the local community. Diamond Cement also owns two other cement plants in the country.