Cement News tagged under: Rwanda
Cimerwa hires consultants to improve house construction projects17 August 2018, Published under Cement NewsRwanda's largest cement manufacturer, Cimerwa, has hired three construction consultants with an aim to improve standards in the property market. The consultants offer free advice to Cimerwa clients, largely on issues related to which material to use when constructing a house or implementing any construction project. The initiative was unveiled during the just-concluded Rwanda International Trade Fair, commonly known as the Expo. Cimerwa officials said that the partnership with the consultan... |
Cimerwa plant upgrade should see cement prices start to fall25 July 2018, Published under Cement NewsCimerwa expects its cement plant upgrade to stabilise the domestic market after shortages sent the price of a bag of cement up nearly 50 per cent in recent months. Rwanda has resorted to importing cement from neighbouring countries such as Uganda and Tanzania to cover the shortages. Bheki Mthembu, CEO of Cimerwa, told Reuters the company carried out maintenance and upgrade works on its plant in April and May, which had now been completed. The US$3.3m maintenance and upgrade programme at Cim... |
Cimerwa to resume full production in May23 April 2018, Published under Cement NewsRwanda’s Cimerwa has resumed production after a two-month break for maintenance and upgrade works. This is expected to ease a cement deficit in both Rwanda and Uganda, while also stabilising prices that have recently increased, according to The East African. The company is currently completing post-maintenance tests and aims to begin full production at its 0.6Mta Bugarama facility in May. The upgrade will improve reliability and operational efficiency, according to Bheki Mthembu, CEO, Cim... |
Shortage of cement could continue in Rwanda09 April 2018, Published under Cement NewsA shortage of cement at distribution points is expected to continue in Rwanda, while retail prices will remain high until regional manufacturers resume production at the end of April 2018, according to The East African. However, a prolonged cement shortage is a distinct possibility as domestic manufacturers claim large infrastructure and real estate projects will place pressure on their capacity. The expected increase in demand and maintenance works at Cimerwa’s facility could lead to the... |
Kigali Cement to resume operations28 February 2018, Published under Cement NewsThe Rwandan cement market is being keenly contested for and the country's second-largest cement plant at Kigali Cement had to recently suspend operations and lay-off staff, according to All Africa. The ARM Cement owned Kigali Cement plant has a capacity of 100,00t and imports clinker from Tanga in Tanzania, but clinker and coal have been in short supply. "For a couple of years, the company has not been producing on a regular basis and to capacity due to limited availability of clinker from... |
PPC22 February 2018, Published under Cement NewsPPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITDA also tracked ahead YoY. A lack of large infrastructure projects continues to hamper cement volume growth in South Africa, according to the company, which estimates that overall cement demand in the country fell by 3-4 per cent in 2017. PPC saw its volumes in South Africa decline by 1-2 per cent YoY, which is an i... |
PPC records sales growth06 February 2018, Published under Cement NewsPPC reported that it has seen its sales volume grow by over 20 per cent YoY in Rwanda and Zimbabwe, for the nine-month period ended 31 December 2017. Assisted by stable pricing and a positive export performance, volumes increased by 20-30 per cent YoY in Rwanda. Similarly, its Zimbabwean operations registered an uptake of 30-40 per cent when compared to the year-ago period. However, PPC estimates that overall cement demand in South Africa declined by 3-4 per cent in the full-year 2017. ... |
PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales23 November 2017, Published under Cement NewsSouth Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline earnings per share increased from ZAR0.14 to ZAR0.19 per share. Group revenue edged up one per cent to ZAR5.188bn from ZAR156m in the comparable year-ago period, while EBITDA advanced four per cent to ZAR1.2bn. Volumes sold increased by two per cent to around 3Mt. Net profit attributable to PPC shareholders increas... |
Will ARM secure a firmer financial footing?17 November 2017, Published under Cement NewsThe increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past week, ICR has reported on the merger between Unicem and Atlas Cement in Nigeria as well as CRH's interest in acquiring PPC Cement of South Africa. Meanwhile, the Kenyan and Tanzanian markets could also see a change in structure with ARM looking for new investors to stave off becoming the latest takeover target. ... |
PPC raises prices and volumes29 September 2017, Published under Cement NewsSouth Africa-based cement producer PPC said it improved effective selling prices in its South African cement business and is steadily increasing output at its operations in the rest of Africa. The company saw a rise in volumes of 15 and 35 per cent in Zimbabwe and Rwanda, respectively in the five months to August, according to an investor presentation at the RMB Morgan Stanley Big Five Investor Conference in Cape Town. Effective selling prices increased by two per cent in South Africa ... |