Africa & The Middle East

Loescheis involved in a new construction project with three vertical roller mills for a large cement plant in Egypt.

China will drag down average cement consumption growth over the next five years, as the country continues to battle overcapacity, counterbalancing a rosier outlook elsewhere.

Shareholder opposition may scupper the PPC-AfriSam tie up, the PPC chairman has admitted. Speaking to local media, Peter Nelson said that a “number of shareholders” have indicated their concerns.

Al Wusta Cement has been allocated land by the Special Economic Zone of Duqm for the construction of a new cement plant.

Dangote Cement has said it is no longer interested in acquiring South Africa’s largest cement producer, PPC.

Adverse markets in Brazil, Egypt and Mozambique more than offset positive news from Portugal, Argentina and Paraguay, bringing down Cimpor’s year-on-year volumes in 1H17.

Siwertell will deliver a second road-mobile cement unloader to a client in the Middle East.

Intercem has completed a new train unloading station at Ouagadougou for Cimfaso, part of Cim Metal Group, in connection with a new cement grinding plant.

Dangote Cement has launched a rival takeover offer for South African cement maker, PPC, opening up a potential bidding war with Afrisam.

PPC cuts capital expenditure for 2018 – 2020, shoring up its liquidity position, as shareholders consider merger proposal from Afrisam.

Cemex is celebrating 25 years since it first implemented its international diversification strategy.

FLSmidth has opened a new office in the capital of Ghana.

PPC has received a proposal from Canadian investment company, Fairfax Africa Investments, that would include its merger Afrisam, as well as two rival bids from unnamed African cement makers.

Afrisam has called off negotiations with PPC on a potential merger, but has promised to return with a better offer.

Ohorongo Cement has opened its new Ondangwa Depot.