Cement – Tamfis Nigeria Limited

Top Stories Tamfitronics Shoeil Al-Ayed, CEO of Riyadh Cement Co.Demand for cement in Saudi Arabia is expected to grow between 4% and 8% by 2025, Shoeil Al-Ayed, CEO of Riyadh Cement Co., told Asharq News.He explained that this projected increase is driven by major projects undertaken by the Kingdom, particularly in Riyadh.Demand in Q3 2024 saw a slight rise compared to the previous two quarters, all of it was locally driven, Al-Ayed said. He explained that the company is fortunate to operate in Riyadh, where most strategic projects are concentrated. In addition, the firm supplies its output to the majority of large-scale projects in the city.Riyadh Cement's current market share is 6.5%, which is likely to grow as demand increases.Saudi Arabia is exporting black cement to the GCC...

Politics tamfitronics Dr. George Dawson-Ahmoah, the Executive Secretary of the Chamber of Cement Manufacturers Ghana (COCMAG), has expressed concerns over the Trade Minister’s pursuit to regulate cement pricing.According to Dr. Dawson-Ahmoah, the challenge with the pricing of cement in the country requires dialogue rather than legislation.His remarks follow K.T. Hammond’s recent interaction with journalists, where he stated that the government is determined to ensure Ghanaians are not shortchanged in the purchase of cement.Consequently, K.T Hammond has submitted a proposed legislative instrument to parliament to regulate cement pricing in the country.However, speaking on Eyewitness News, Dr. Dawson-Ahmoah emphasised that cement production is a highly technical field and should not be politicised as is currently being done by the Trade Minister.“Cement production is really technical; it is not political. There are a lot of things that actually...