Cement News tagged under: Rwanda
PPC's first-half revenue lifted by higher Zimbabwe, Botswana and Rwanda volumes19 May 2015, Published under Cement NewsPPC’s group cement sales volumes rose by five per cent above last year's figure, with strong demand growth in its African businesses offsetting lower demand in the core South African business. PPC’s revenue increased by nine per cent to ZAR4541m (2014: ZAR4157m) for the half year ended March 2015, on the back of increased volumes in Zimbabwe, Botswana and Rwanda, as well as the consolidation of sales from Safika Cement and Pronto Readymix. Cement selling prices declined in South Afric... |
CIMERWA unveils new corporate identity, Rwanda12 May 2015, Published under Cement NewsRwanda's largest cement producer, CIMERWA, last week unveiled its new corporate identity and product packaging ahead of the completion of its expansion project later this year. The new identity involves a new logo and brings to market bold blue 32.5 bags and bright red 42.5 bags. "We have moved from the previous green to a bold blue reflecting the refreshing nature of the business as we go through a rebirth and repositioning of CIMERWA. The previous logo was a closed diamond; the new lo... |
PPC cautions on half-year earnings27 January 2015, Published under Cement NewsSouth Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising finance costs. The company said in a trading statement released yesterday that it headline earnings per share for the six for the first half of the fiscal year is expected to be between 25 and 45 per cent lower than the comparative period of the previous year. “Notwithstanding a weaker trading environment, the mai... |
Kenya’s ARM Cement defines further expansion plans24 November 2014, Published under Cement NewsARM Cement Ltd says it is investing in the construction of new plants and upgrading existing units across east Africa as competition in the region increases. The plan is to see several upgrade projects completed over the next two years, including a new grinding facility in Tanzania, boost production in Rwanda as well as constructing a greenfield plant in Kenya. The company, which has works in Kaloleni and Athi River in Kenya, as well as in Dar es Salaam and Tanga in Tanzania, will complete... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
Cimerwa expansion on-track for 1Q15 completion31 October 2014, Published under Cement NewsRwanda’s sole cement producer, Cimerwa, is nearing completion of its expansion project and is on track to be ready in the first quarter of next year. Busi Legodi, chief executive officer of the cement producer, told AllAfrica News that 94 per cent of works have already been completed, with electrical installations and minimal mechanical works remaining. Legodi added that the plant should be completed by the end of the first quarter of 2015, lifting capacity from the current 100,000tpa to ... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
South African market challenges08 April 2013, Published under Cement NewsFull-year data for South African cement sales released this week show that dispatches edged ahead in 2012, but the growth rate remained tepid. Producers will hope that the government's new infrastructure plans will deliver a new growth impetus to the market. Meanwhile, the country's leading cement producer is pursuing additional opportunities across sub-Saharan Africa to bolster profits. South African cement demand has been rising gradually since 2010 and data released on Wednesday by t... |
ARM Cement boosted by higher sales21 March 2013, Published under Cement NewsARM Cement, Kenya's second-largest producer, has reported an eight per cent advance in 2012 net profit and says it expects improved profitability on the back of new capacity. Formerly known as Athi River Mining, the company said in a statement that net income advanced to KES1.25bn (US$14.6m) in the first 12 months of December. Cement sales rose 64 per cent after its market share increased in Kenya, Rwanda and Tanzania. That helped turnover increase by 39 per cent to KES11.4bn. For the f... |
Foundation stone laid for CIMERWA expansion, Rwanda18 January 2013, Published under Cement NewsThe foundation stone for the expansion of CIMERWA cement factory in Rwanda was laid yesterday by the president of the African nation Paul Kagame. The expansion project will lift capacity of Rwanda’s sole cement producer from 100,000tpa to 600,000tpa and has been made possible following PPC’s acquisition of a controlling stake in CIMERWA last December. Speaking to reporters after the ceremony, Mr Kagame said the increased production levels will help bring down the price of cement. He sa... |