Cement News tagged under: South Africa
South Africa: Sephaku revenue up 36%29 June 2015, Published under Cement NewsDangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, with profit after tax up 57 per cent. The group recorded a profit before tax of ZAR72m and net profit of ZAR47m. Sales revenues came mainly from the Delmas milling plant which reached a steady state of production in November 2014. Clinker and cement production at Aganang commenced... |
CBMI signs EPC contract for PPC line23 June 2015, Published under Cement NewsCBMI has signed a 3000tpd clinker production line EPC contract with PPC, marking the first collaboration between the two companies. The new kiln line 9 project will be located at PPC's Slurry cement plant near Lichtenburg, South Africa's North West Province, about 250km from Johannesburg. Tong Laigou, Chairman of the Board of CBMI and Darryl Castle, CEO of PPC, signed the contract in the presence of senior staff from both companies. The scope of the contract covers the additive stockp... |
Pakistan to contest ITAC ruling02 June 2015, Published under Cement NewsThe government of Pakistan is to challenge South Africa’s recent decision to impose duties on imported cement from the country. “We are analysing the detailed report of International Trade Administration Commission of South Africa (ITAC) to determine our course of action,” an official of the Pakistan National Tariff Commission (NTC) told Dawn media (Pakistan) on Friday. Last month, ITAC imposed provisional anti-dumping duties ranging from 14.29 per cent to 77.15 per cent on Portla... |
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... |
Dangote revenues boosted by new capacities18 May 2015, Published under Cement NewsDangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per cent compared to the same quarter of 2014, with volumes from Senegal and Sephaku Cement offsetting a decrease in volumes in Nigeria. Group revenues rose by 10.8 per cent to NGN114bn, mainly due to higher revenues in South Africa and Senegal. Nigerian cement volumes fell by 10.7 per cent during the first quarter but a... |
South Africa imposes duties on Pakistan cement imports18 May 2015, Published under Cement NewsSouth Africa has imposed provisional anti-dumping duties ranging from 14.29 per cent to 77.15 per cent on Portland cement originating in or imported from Pakistan, effective 15 May 2015 for a period of six months. The levies follow an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after a number of local cement producing companies submitted an application on behalf of the SACU industry. Companies including AfriSa... |
South Africa: PIC increases stake in PPC06 May 2015, Published under Cement NewsThe Public Investment Corporation (PIC) had increased its investment in PPC to 15.165 per cent, the South African cement producer yesterday. The PIC confirmed in December when the AfriSam Group made a non-binding proposal of a merger with PPC that the corporation held 12.57 per cent of PPC and 66 per cent of AfriSam. Talks between the two cement producers were halted in March when they were unable to reach consensus on the terms of the proposed merger. |
PPC to ease expansion, focus on existing projects23 April 2015, Published under Cement NewsPPC said it will expand more slowly after spending on its 'Rest of Africa' projects has raised its debt load, the company's chief executive said on Wednesday. PPC is building plants in African countries as part of a wider plan to generate 40 per cent of its sales outside its home market by 2017. However, spending on these projects is pushing up its debt levels and CEO Darryll Castle said PPC's debt would likely hit as much as ZAR12bn (US$982m) in the next two years and possibly breach agree... |
PPC and AfriSam call off merger talks30 March 2015, Published under Cement NewsSouth African cement producers PPC and AfriSam have called off merger talks after they could not reach a consensus on the terms, both the companies said on Friday. Last December PPC confirmed it had received a conditional, non-binding merger proposal from AfriSam. Following "extensive discussion" between the two companies, the parties have not been able to reach consensus on the terms of the merger and therefore have terminated their discussions," PPC said in a statement on Friday. ... |
PPC continues to study AfriSam proposal, South Africa12 March 2015, Published under Cement NewsPPC said that its board is continuing to consider the indicative non-binding proposal from AfriSam Group for a merger between the two South African cement producers. The company said it would make a further announcement in due course once its board had concluded the consideration process. “Shareholders are hereby advised that the Board is continuing to consider the indicative proposal and PPC will make a further announcement in due course once it has concluded its consideration proces... |