Global Cement News

Egypt: In a statement sent to EGX, Sinai Cement recorded first half net losses of US$11.3m, an increase of 20.1% on the US$4.00m recorded in losses in the same period of 2018.

Niger: Dangote Cement has expressed an interest in establishing a 1.64Mt/yr cement production unit, complete with a grinding plant and gas energy plant, in Niger. Agence Ecofin reports that Dangote, Africa’s leading cement producer, aims to fill the Nigerien cement supply gap amidst an infrastructure boom fuelled by the country’s oil ambitions.

Australia: Boral has suffered a decline in full year net profits of 38% to US$184m. This comes following USG-Boral’s statement regarding substantive changes to its gypsum dealings with Knauf.

Nigeria: Dangote Cement’s net first half profits have increased by 5.4% to US$329m from US$312m in 2018. The Cement Company of Northern Nigeria have reported a corresponding increase of 163% to US$40,000 from US$15,000.

Oman: Bank Nizwa has granted US$50.7m to Raysut Cement, the country’s largest cement producer, as part of its commitment to national economic diversification.