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PPC says it expects to finalise empowerment deal by March, South AfricaAt a recent shareholder meeting, cement company PPC said it hopes to finalise its empowerment deal by March. Last year the company had had to import 5% of its cement from China and Zimbabwe to...News - 04 February 2008 |
Slowing demand in South AfricaPretoria Portland Cement (PPC) said its overall results were in line with forecasts, despite slower demand in cement and Eskom's rolling power cuts. "Overall our results are in line with our expec...News - 28 January 2008 |
Analysis: Holcim likely to buy next as sector consolidatesHolcim was conspicuously absent from a round of industry consolidation in 2007, but its big cash pile means it could acquire a rival in the coming months, according to analysis from Reuters. H...News - 15 January 2008 |
Residents pass more comment on cement factory, South AfricaConcerned residents of the Riebeek Valley have been given a further six weeks in which to comment on plans to build a ZAR3bn cement factory in the area. "We have decided to extend the deadline in...News - 15 January 2008 |
South Africa cement sales upThe 2010 Soccer World Cup stadia, some new dams and the Gautrain project should add to cement demand in the current year. South African cement sales grew by 6.6% in 2007 to a record 13.252Mt, dat...News - 14 January 2008 |
Holcim South Africa Buy Backed By Roughly EUR1B Bonds-SourcesThe buyout of South Africa-based cement producer Holcim South Africa will be backed by roughly EUR1bn worth of high-yield bonds, people familiar with the situation told Dow Jones Newswires. ...News - 13 December 2007 |
Grasim divests Shree Digvijay Cement stake for Rs 322 crGrasim Industries Ltd, an Aditya Birla flagship company, has divested its entire equity holding of 53.63 per cent in Shree Digvijay Cement Company Ltd (SDCC) to Cimentos De Portugal, SGPS, South A...News - 06 December 2007 |
R1.75bn cement plant indicates China’s desire to investAn aggreement of intent to invest an initial R1.4 to R1.75bn in a cement manufacturing plant has been signed by industrial conglomerate, Shandong Xianglong Group – one of many Chinese investments ...News - 06 December 2007 |
Thailand: Cement industry...Plagued with negative factors in 2007 recovery expected next yearIn 2007, the cement industry has recorded decelerating growth. Demand for cement shrank steadily throughout the first nine months of this year due to weak demand in the real estate sector and the ...News - 06 December 2007 |
Dangote Group Appoints New CEODangote Industries Limited, the holding company for the Dangote Group, the largest industrial conglomerate in West Africa and one of the largest in Africa has announced the appointment of Mr. Tony...News - 30 November 2007 |