Cement News from International Cement Review
Cimerwa posts 6M revenues of RWF44bn
Cimerwa Plc ( PPC Group ) has announced a RWF5.2bn (US$5m) net profit in the six months for the period ended 31 March 2022 with total revenue of RWF44bn, indicating a 45 per cent increase compared to the same period last year. Albert Sigei, the CEO of CIMERWA Plc, said: “It has been a great six months and the main factors that helped us include improvement in plant operating efficie...
UltraTech Cement stalls on plant purchase
UltraTech Cement has reportedly done a U-turn on its agreement to purchase a cement plant from Jaiprakash Associates. The 3Mta plant formed part of UltraTech's acquisition of six integrated cement plants and five grinding units from the Jaypee Group , at a total cost of INR161,890m (US$2.4bn). A number of environnmental clearances were pending related to the plant, according to The Econo...
PPC calls for SA government action on cement dumping
PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under threat if the practice is left unchecked. PPC CEO Roland van Wijnen said that the Department of Trade, Industry and Competition should also consider broad import tariffs for cement to avoid new countries dumping cement a...
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