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Zimbabwe drives PPC's positive outlook

South Africa’s PPC has said it expects positive earnings for the six months ended 30 September, 2023. According to news service Pindula, the company has forecast a growth rate of 25.5-26.5 per c...
News - 14 November 2023

Sephaku Holdings' profit eroded by rising costs

Sephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit after tax over the sa...
News - 14 November 2023

Votorantim Cimentos posts 36% profit growth in 3Q23

Votorantim Cimentos has posted revenue of BRL7.4bn (US$1.51bn) in the third quarter of 2023, down three per cent compared to the same period a year earlier. The decline has been attributed to “m...
News - 10 November 2023

Afrimat's acquisition of LSA gets Commission approval

South Africa’s Competition Commission has approved Afrimat’s acquisition of Lafarge SA , subject to a number of conditions. The deal, which is worth nearly ZAR1bn (US$54.59m), was found to raise ...
News - 08 November 2023

Egypt: controlling the variables

Economic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota syste...
Articles - 06 November 2023

Dangote posts 53% YoY rise in revenue in 3Q23

Dangote Cement Plc has reported revenue of NGN563.77bn (US$703.77m) in the third quarter of 2023, up 52.7 per cent compared to the same period in the previous year. Gross profit over the same pe...
News - 30 October 2023

CEMEX reports 32% jump in EBITDA in 3Q23

CEMEX has reported nine per cent YoY growth in sales for the third quarter of 2023. EBITDA over the same period advanced by 32 per cent, while the EBITDA margin expanded by 3.5 percentage points...
News - 27 October 2023

Global aggregates: recovering, resilient and sustainable

Increasingly resilient, the global aggregates market is recovering from the COVID-19 pandemic. Moreover, as shown in a recent meeting of the Global Aggregates Information Network (GAIN TM ), the i...
Articles - 24 October 2023

PPC Zimbabwe managing director steps down

PPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Colleen Bawn plant, b...
News - 19 October 2023

PPC opens new Highveld blending plant

South Africa’s PPC has opened its new Highveld blending plant in Emalahleni in the Mpumalanga province. According to the company, the new facility demonstrates PPC’s ongoing commitment to improv...
News - 18 October 2023