Cement News tagged under: Rwanda
PPC Zimbabwe achieves record cement volumes25 August 2017, Published under Cement NewsPPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ... |
PPC 1Q17 results in line with expectations21 August 2017, Published under Cement NewsPPC revenue for the period ended 30 June 2017 (1Q17) is ahead YoY while group EBITDA is in line with the year-ago period. The advance has been attributed to good cost management. Johan Claassen, interim CEO, said: "Our focus is firmly on delivering improved profitability and liquidity in the shorter term while our longer term strategy remains unchanged. More specifically, we will focus our management effort on the new operations in the DRC and Ethiopia, ensuring that they deliver to expec... |
CIMERWA launches bulk cement service14 August 2017, Published under Cement NewsRwanda’s sole producer of cement, CIMERWA, on Friday introduced its bulk cement offering whic will see customers receive cement directly at their construction sites without the use of bagged cement. Unveiling the new CIMERWA Bulk Cement service at a meeting in Kigali, company CEO, Bheki Mthembu, said its bulk truck will unlock some of the bottlenecks encountered with bagged cement. The vehicle will deliver cement directly to the construction site, pump it in the silo after which construc... |
FLSmidth signs cement grinding plant contract in Rwanda12 April 2017, Published under Cement NewsFLSmidth confirmed it has signed a contract with Prime Cement Ltd for engineering, procurement and supply of equipment for a full-scope cement grinding plant with a capacity of 700,000tpa. The plant will be located in Musanze, Rwanda. The contract will become effective when FLSmidth receives a down-payment from the customer, which is expected to happen later in 2017, the company said in a statement. "This is a milestone project for FLSmidth, being the first OK TM vertical roller mill to be... |
Prime Cement plans new Rwandan plant05 April 2017, Published under Cement NewsCement industry newcomer, Prime Cement, plans to construct a US$65m plant in Musanze District, Northern Province, Rwanda. The company has reportedly signed an equipment supply deal with FLSmidth, according to an article by The New Times (Rwanda). Gisele Bayigamba, general manager Milbridge Holding, the consortium that owns Prime Cement, said construction of the 0.7Mta facility will begin in the 3Q18. Cimerwa currently operates Rwanda’s sole integrated cement plant. The company, in w... |
Rwanda: new CEO of Cimerwa and PPC Gauteng business unit executive09 February 2017, Published under Cement NewsFormer General Manager of PPC Cement’s Hercules and Jupiter operations in Gauteng, Bheki Mthembu, has been appointed the CEO of Cimerwa in Rwanda. Mthembu assumed his new duties as CEO from 1 December 2016 under the guidance of Njombo Lekula, Managing Director of PPC International Operations. With optimisation of Cimerwa currently in progress, Mthembu is looking forward to this new challenge and the year ahead. "While PPC’s well-established presence in Botswana and Zimbabwe had alread... |
PPC01 December 2016, Published under Cement NewsImproved cement sales in South Africa and growing volumes in Rwanda resulted in PPC reporting a 13 per cent increase in group cement sales in the six months ending 30 September 2016, compared to the previous six months. Revenue for the period came in at ZAR5.2bn (US$370m), compared to ZAR4.6bn in the six months ending 31 March 2016, representing an increase of 15 per cent. Revenue in the lime business advanced by six per cent while the company’s aggregates and ready-mixed operations recorded... |
PPC27 September 2016, Published under Cement NewsAt a presentation at the RMB Morgan Stanley Big Five conference in Cape Town on 26 September, PPC outlined how despite group cement sales volumes advancing by seven per cent in the first five months of FY2017, significant pressure on selling prices in the inland region saw prices fall by five per cent in the South African cement business. As a result, overall margins are under pressure despite good cost control and exchange rate gains, according to PPC. Over the same period, Rwanda saw vo... |
Rwanda: dealers and developers call for Cimerwa price drop19 September 2016, Published under Cement NewsCement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cement is cheaper than the one made locally need to look at one thing: what is cheap is cheap because t... |
PPC increase revenue and volumes in 3QFY15-1606 September 2016, Published under Cement NewsPPC reported a nine per cent YoY rise in quarterly sales revenue, commenting that sales revenue in South Africa increased two per cent and volumes by at least nine per cent in the company's 3QFY15-16. However, revenue outside of South Africa was even stronger, growing 19 per cent as a result of significant volume growth, newly commissioned plants in Rwanda and gains made through currency translations. CEO of PPC, Daryll Castle said, “the group's revenue has improved by six per cent suppor... |