News Competition Authority of Kenya acknowledges Zou Fengqi’s acquisition of 60% stake in Raysut Cement’s East African business
Competition Authority of Kenya acknowledges Zou Fengqi’s acquisition of 60% stake in Raysut Cement’s East African business Written by Global Cement staff
12 May 2021
Kenya: The Competition Authority of Kenya has granted China-based Zou Fengqi and Oman-based Raysut Cement exemption from regulatory approval on a recent application in line with competition guidelines. The Business Daily newspaper has reported that the application stated that Zou Fengqi plans to acquire a 60% stake in Raysut Cement’s business in East Africa.
Raysut Cement operates grinding plants in Mogadishu, Somalia and Somaliland.
Cim Metal Group orders upgrade for cement grinding plant in Burkina Faso from Intercem Engineering Written by Global Cement staff
14 April 2021
Burkina Faso: Cim Metal Group has ordered an upgrade to its Cimasso cement grinding plant in Bobo Dioulasso from Germany-based Intercem Engineering. The cement producer has decided to double the plant’s production capacity to at least 4Mt/yr by ordering an extension production line and upgrading the original line. The plant, which was also supplied by Intercem, was originally commissioned in 2018.
The new order includes: three truck unloading stations; raw material handling systems; a raw material hopper station; a cement grinding unit with a vertical roller mill; four 5400t cement silos; five 12 spout rotary packers; ten truck loading stations; ten truck weighing bridges; and one upgrade to the existing cement grinding plant. Intercem is in charge of the engineering, all mechanical
Votorantim Cimentos reports 2020 sales and earnings growth Written by Global Cement staff
14 April 2021
Brazil: Votorantim Cimentos’ consolidated net sales were US$6.41bn in 2020, up by 19% year-on-year from US$5.41bn in 2019. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 35% to US$1.21bn from US$899m. The group attributed the growth to increased cement volumes sold in Brazil, Canada and the US. Total global cement sales increased by 8% to 32.4Mt. Net revenue grew in all regions, but the sharpest growth was reported in North America at 43% to US$945m.
Chief financial officer Osvaldo Ayres Filho said, “The past year has been extremely challenging due to the pandemic and its impacts across the planet. We have implemented a contingency plan to protect people s lives and preserve operations. This allowed us to respond with agility both in Brazil and in the other markets