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Impact of New Players on Africa's Cement Market & Competitiveness of the West African Sector
Pakistan's Lucky Cement Plans $175 Million Congo Plant With Groupe Rawji. 5/8/11, Bloomberg
India-based Banco Products is investing $65 million in its cement plant in Tanzania, which targets the East African market. The company acquired 51 per cent stake in Tanzania's Lake Cement Company Ltd. The plant is expected to produce about 500,000 tonnes of cement a year.
The continuous rise of Africa is prompting massive cement investments and expansions. Many new players are entering into East, Central & West Africa's high growth cement sectors.
Dangote has announced plans to build cement plant in Republic of Congo, Ethiopia, Nigeria, Tanzania, Senegal, Zambia and Benin, with a combined capacity of 11.1 million tonnes per year. Cement Co. of Northern Nigeria, through its subsidiary Sokoto Cement, is expanding capacity by 0.5 million tonnes per year. It is building a second kiln line, costing $146 million. Mr. DVG Edwin, Group MD & CEO of Dangote Cement will be sharing their plans and directions in Africa while Mr. Finn Arnoldsen, Sales & Marketing Director of Cement Company of Northern Nigeria will present on Nigeria as a major player in the Sub-Sahara context.
According to cement analysis by Imara, West Africa's cement consumption is growing at an average 12.4% in recent five years while East Africa averaged 13.5%. Massive government infrastructure expenditure and industrial projects are continuing to push cement demand upwards. With a deficit in cement production, the region has been importing cement to meet the demand. How long will the trend last? Where do the cement come from?
With the slowdown in global economy, will Africa escape unscathed? Will it affect banks lending decision? Power supply consistency is always a challenge to investors in Africa, including cement sector. Are plans in place to resolve this challenge and what are the alternatives available?
CMT's 4th Africa CemenTrade Summit to be held in Accra, Ghana on 27-28 Feb 2012 brings together industry's leading experts to share insights on the opportunities & challenges facing the fast developing region!
Why attend
Don't hesitate! Sign up with your team today to enjoy group discount.
Register online at www.cmtevents.com or contact grace@cmtsp.com.sg for more information. |
Confirmed Speakers: - Ghacem Ltd - Gebr. Pfeiffer - Cemengal SA - Aumund Group
CUSTOMISED SPONSORSHIP PACKAGE |
| Here's what delegates said about our 3rd Africa Cementrade held in Nairobi on 8 to 9 March 2011 |
Aumund France SARL - It was very interesting to note the evidence of progression and development in the market since the same conference one year ago. The mood seems much more upbeat & optimistic for the cement industry since 1 year ago.
Garcia Capital SA - Very good, enriching
Africa Finance Corporation - Good exposure to cement markets in Africa
Baobab Advisory SARL - Well attended and well balanced conference. Right mix of cement producers, suppliers, traders and diversified content.
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| Profile of Past Attendees |

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