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Sanghi Cement to build US$105m Kenyan plant

India’s Sanghi Cement is to build a plant in Kenya in collaboration with local firm Cemtech with a view to supplying the south Sudan market, a government official said on Thursday. Kenyan and Uga...
News - 29 January 2010

PPC to seek African acquisition, South African sales down

South African cement producer, Pretoria Portland Cement Co (PPC) is seeking to make an acquisition or enter a new market in sub-Saharan Africa in the next 12 to 18 months. PPC “is looking quite c...
News - 26 January 2010

Camargo Corrêa enters Cimpor bidding war

Brazilian conglomerate Camargo Corrêa Cimentos has offered to merge its cement business with Cimpor, which is the target of a takeover bid by another Brazilian company, steel and iron ore speciali...
News - 15 January 2010

Illegal dwellers evicted from PPC land, South Africa

Pretoria Portland Cement (PPC) on Monday justified its actions to enforce a court order to evict illegal occupants from company-owned land, near the its Mooiplaats dolomite mine, close to Pretoria...
News - 12 January 2010

Tunisia: new Carthage Cement plant

Following a deal struck with FLSmidth and its Turkish partner for civil engineering and construction, Elkon-Prokon, a new cement company named "Carthage Cement" will soon be created with the finan...
News - 23 December 2009

Lafarge

Lafarge boosted its finances by a €1.5 milliard (€1,500m) rights issue in the spring of 2009.  It hasalso raised €750m from disposals during the first nine months, the biggest of which was the sale...
Corporate - 18 December 2009

HeidelbergCement

HeidelbergCement had its rights issue in September, raising €2,312.5m and, in combination with the €2,114.8m sale by Merckle interests and certain banks this resulted in the free float rising to 75...
Corporate - 18 December 2009

Cimpor

Not withstanding a gearing level of 97.7%, Cimpor has still been looking for opportunities to expand its geographical spread, at least until the unsolicited bid from a Brazilian steel company arriv...
Corporate - 18 December 2009

Zambezi Portland meets Ndola Stadium needs

Zambezi Portland Cement, the newest entrant into domestic cement sector, has managed to satisfy standards required in constructing the Ndola Stadium, beating Lafarge Cement Plc, the country’s gian...
News - 16 December 2009

Cement maker a year early reaching BEE target

South Africa’s largest cement maker, Pretoria Portland Cement (PPC), has improved its empowerment status from a level 4 to a level 3 broad-based black economic empowerment contributor rating, beat...
News - 15 December 2009