Displaying items by tag: Middle East and Africa

Egypt: Arabian Cement Company has signed a 30-year power purchase agreement with IRSC for renewable electricity. The deal covers the development, financing, construction, ownership and operation of the second phase of the firm’s solar power plant. The plant will have a total capacity of 17.6MW and is expected to produce 32.5GW/yr of electricity.

Egypt: Sinai Cement reported a net profit of US$60.7m in 2024, compared to a net loss of US$2.40m in 2023. Net sales rose to US$127m in 2024 from US$84.7m in 2023. Non-consolidated net profit reached US$60.7m, compared to a loss of US$2.32m in 2023.

The Gambia: A recent cement shortage in the Greater Banjul Area and West Coast Region has been attributed to delays at the country’s main port, according to Omar Badjie, director of industry at the Ministry of Trade, Industry, Regional Integration and Employment. The disruption reportedly stemmed from a backlog at the Banjul port that left a key shipment from cement supplier Jah Oil waiting offshore.

“The issue wasn't production capacity,” Badjie said. “The port was congested, and Jah Oil's vessel had trouble berthing. That put pressure on the two other cement plants, Salam and Gacem, which couldn't meet the market's demand on their own.”

The government expedited a berth for Jah Oil's vessel, which docked last week with 38,000t of cement. However, supply constraints persist, with contractors reporting stalled projects and inflated prices.

Sierra Leone: MACCEM will build a 0.56Mt/yr cement grinding plant in Hastings, Freetown, on a 4.4-hectare site near the Hastings Airstrip and the Jui-Masiaka Highway, according to the International Finance Corporation (IFC). The site already houses the producer’s cement bagging plant, with civil works for the grinding plant underway. Site clearing and levelling were completed in July 2024. The remaining construction is expected to take 12-15 months.

Clinker for the plant will be imported and transported by road from the Queen Elizabeth II Quay at the Port of Freetown. The IFC is considering a debt financing package of up to US$24m.

Algeria: Holcim El-Djazaïr has completed its first export shipment from the Port of Béjaïa, sending 50,000t of grey cement to North America. More shipments will follow throughout the year, according to a post by the producer on Linkedin.

Ghana: At a recent stakeholder meeting, Minister for Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare instructed the Ghana Standards Authority (GSA) to shut down cement companies that produce substandard products, according to Adom Online.

“Close down companies that are defaulting with substandard products to stop production until they can prove they can consistently produce quality products,” Ofosu-Adjare said.

She added that price should not be used to justify poor quality cement and warned of the risks posed by substandard materials in public buildings like hotels. She pledged to conduct regular inspections of cement plants to enforce compliance.

The Cement Manufacturers Development Committee Regulation L.I. 2480 and the GSA Act 2022 allow the Minister and the GSA to revoke licences and halt the sale of non-compliant cement.

Nigeria: The Kebbi State Government has signed a memorandum of understanding with MSM Cement to build a cement plant with a production capacity of 3Mt/yr. MSM Cement has pledged to create approximately 45,000 direct and indirect employment opportunities through the project.

According to The Nation Online newspaper, the cement plant will be developed in four phases, with each cluster attracting over US$600m in investment. The chair of MSM Group, Alhaji Muazzam Mairawani, said that production will commence within two years, adding that MSM plans to expand to other states after Kebbi. The strategic location of the plant near the border allows it to take advantage of exports under the African Continental Free Trade Agreement (AfCFTA).

Nigeria: ABC Transport has expanded its trucking capacity with a new fleet of heavy-duty bulk cement carriers. This follows the company's introduction of compressed natural gas trucks to improve cement haulage for Lafarge Africa. The new vehicles will transport cement from Lafarge's plant to construction sites nationwide, increasing ABC Transport’s bulk cement delivery capacity to 150,000t/yr.

The company has also acquired a site near Lafarge’s Cross River cement plant to streamline truck maintenance and turnaround efficiency.

Nigeria: Bauchi State Government, in partnership with Resident Cement, has commenced work on a US$1.5bn cement plant in Diji Village, Gwana District, Alkaleri Local Government Area, according to Arise News.

Resident Cement Group Chairman Abbas Junaid stated that limestone deposits in the area are sufficient to sustain a 10Mt/yr capacity plant for 100 years. The company has begun drilling and will deploy four rigs to complete the project within two months, with full construction of the plant to begin in three months.

Saudi Arabia: City Cement recorded a 76% increase in net profit to US$38.4m in 2024, up from US$21.9m in 2023. The company’s revenue grew by 46% year-on-year to US$139m, compared to US$95m in 2023. The increase in sales was attributed to higher sales volumes and an increase in average selling prices. For the first nine months of 2024, City Cement reported a net profit of US$27.4m and revenue of US$96.3m.