Africa & The Middle East

The company has been able to sustain 54 000 jobs in Nigeria, Ethiopia, Senegal and South Africa.

The company has become a partner for the Horizon 2020 project, ‘Project Mof4AIR’, which aims to develop and demonstrate the performances of Metal Organic Framework (MOF)-based carbon capture technologies in power plants and energy intensive industries.

BUA Cement Plc, has announced a 25.1% increase in revenue of N54.0 billion in its financial results for the first quarter ended 31 March 2020.

The six-year agreement will see FLSmidth providing hot kiln alignment services to Dangote kilns in Ethiopia, Tanzania, Zambia, Congo, South Africa, and Nigeria.

The governors of Jigawa and Sokoto States have received ambulances from the BUA Foundation to support the fight against the COVID-19 crisis.

The company's sales from Nigeria rose 5.6% to 179.3 billion naira, Bloomberg reports.

GlobalData shares forecasts for the construction industries across the world in the midst of the coronavirus pandemic.

The company forecasts that the Saudi government’s revenues will suffer from the low oil prices and that this will likely impact upon infrastructure projects in the pipeline.

The World Cement Association has welcomed the Cement Producers Association of Iraq (CPAI) as an Affiliate Member of its international network.

Bamburi Cement Group delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KShs 0.73 billion as compared to KShs 0.62 billion in 2018.

The company receives thanks for its N500 million intervention fund to provide medical infrastructure, food and essential medications to its host communities in response to the COVID-19 pandemic.

As reported by the Eghtesadonline news website, over 17.5 million tons of clinker and cement were exported from Iran in the past Iranian calendar year.

The company’s results show a 2% growth in sales, reaching US$3.1 billion.

The company has donated 350 bags of rice and 22 500 facemasks to Okpella, Okpekpe, Ibie and Elele Communities.

The company has announced the successful issuance of NGN 100 billion series 1 fixed rate senior unsecured bonds, due April 2025, under its NGN 300 billion bond programme.