Cement News tagged under: Mozambique
PPC27 May 2014, Published under Cement NewsPPC has reported a two per cent rise in cement sales for the six months ending March 2014. Revenue came in at ZAR4.16bn (US$0.4bn), an increase of nine per cent on the same period last year. EBITDA was also up by five per cent to ZAR1.17bn, while operating profit jumped 15 per cent to ZAR1.36bn. The cement market now accounts for 86 per cent of the company's total revenue, compared to 10 per cent for lime and four per cent for aggregates. Much of the growth has come from increased export sal... |
Cimentos de Moçambique boosts 2013 sales07 March 2014, Published under Cement NewsCimentos de Moçambique, the Mozambican subsidiary of Cimpor, saw a 9.8 per cent rise in sales last year to 1.3Mt as the start up of two new mills and a more “aggressive commercial policy” improved competitiveness in 2013 against imports. The most recent estimates indicate that Mozambique's GDP grew about 6.5 per cent in 2013, led by the construction and agriculture sectors, Cimpor noted in its latest annual report. The domestic cement market continued its upward trend and grew more than th... |
PPC02 December 2013, Published under Cement NewsDespite rising electricity prices and depreciation pushing up input costs, South Africa’s PPC has posted an eight per cent rise in EBITDA to ZAR2500m (US$244m) for the year ending September 2013. Revenue growth increased by 13 per cent rise to ZAR8320m (US$811) for the period, while gross profit was up nine per cent at ZAR2700m (US$263m). Strong growth in South Africa and Zimbabwe bumped total cement sales for the period up by seven per cent. Cement now accounts for 86 per cent of the com... |
Cimentos de Mocambique begins trial tests on new mill25 September 2013, Published under Cement NewsCimentos de Mocambique has started trial tests of a new mill at its Dondo works, local press have reported. With this investment, the company will increase capacity by around 0.5Mta of cement from the present 0.4Mta. The Dondo works currently serves the Sofala, Tete, Manica and southern Zambézia provinces. In July of this year Cimentos de Moçambique signed a rental contract on a mill located near the Matola plant, thus increasing its production capacity by 220,000tpa. |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
Cimentos de Mocambique to improve air pollution control12 September 2013, Published under Cement NewsCimentos de Mocambique has signed a contract for the manufacture and installation of a filter to reduce the emissions from its cement factory in the southern city of Matola. The filter will be made by American company AAF and will be installed next year. According to CM spokesperson Sergio Bandeira, "protecting the environment and the health and well-being of the residents of Matola and the surrounding area was one of the first points on the agenda of the new management of the factory. We ... |
New Mozambique plant project06 September 2013, Published under Cement NewsA 0.5Mta cement plant is due to be built in the Chibabava district of Mozambique’s central Sofala province, the country’s President, Armando Guebuza, announced. Mozambican news agency AIM reported that at a meeting with residents of Maxixe, a municipality in Inhambane province, President Guebuza noted that if electricity was available the cement plant, a result of cooperation with China, would already have been set up in the region. “There is an abundance of limestone in the region, whi... |
Mozambique plans supervisory system to ensure steady supplies30 August 2013, Published under Cement NewsThe government of Mozambique plans to implement a supervisory system to ensure the time and sufficient supply of cement into the market. Henrique Banze, spokesperson for the Council of Ministers and deputy Foreign Affairs, said on Tuesday that the government was concerned about ensuring steady supplies of cement as large infrastructure projects are swallowing up much of cement output, leaving little for the retail market. This in turn has kept pushing up prices and imports. Currently t... |
Cimpor to boost grinding capacity in Mozambique24 July 2013, Published under Cement NewsCimpor plans to increase its grinding capacity in Mozambique by 220,000tpa through its local subsidiary Cimentos de Moçambique. In the statement published by Portuguese regulator CMVM, the group said that the increased milling capacity was a result of a rental contract on a mill located near the Matola plant. The contract, which is now in operation, alongside increased production capacity will make it possible to manufacture new products. The Mozambique cement market is dominated by Cim... |
DG Khan to buy stake in GS Cimento, Mozambique28 March 2013, Published under Cement NewsPakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement producer. DG Khan has informed the Pakistan Stock Exchange that it has entered into a MoU with Sumaria Cement Holdings Ltd of Mauritius to acquire a 57.5 per cent shareholding In GS Cimento which is plans to construct a 0.55Mta cement plant in Mozambique. The total consideration for the deal is US$8.625m, which may be r... |