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PPC sells lime operations to Kgatelopele LimeSouth Africa’s PPC has announced the sale of its lime operations to Kgatelopele Lime for ZAR515m (US$35.5m). The net proceeds from the divestment are part of PPC’s capital restructuring programme,...News - 04 May 2021 |
Nigerian cement volumes climb to record levels for Dangote in 1Q21Dangote Cement's Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company's Nigerian ope...News - 03 May 2021 |
Egypt's cement sector sees sales rise 15% YoYEgypt's cement industry recorded strong sales in March with total sales reaching 4.99Mt, up 22 per cent MoM and 15 per cent YoY. The industry’s utilisation rate also surged to 74 per cent from ...News - 15 April 2021 |
LafargeHolcim is moving back towards its rootsLafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the...News - 09 April 2021 |
South Valley Cement sees net loss narrow in 2020Egypt’s South Valley Cement Co has recorded a net loss of EGP250.59m (US$15.97m) in 2020, narrowing from an EGP316.34m loss seen in the previous year. The company’s sales declined 20.3 per cent ...News - 06 April 2021 |
PPC postpones its ZAR750m rights issuePPC Ltd, South Africa's biggest cement maker, held off on a planned rights issue of about ZAR750m (US$640m) following a sales boost and advancing talks on the disposal of its lime business. P...News - 01 April 2021 |
Sephaku Cement sees 10% revenue increase in 2020South Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 the company recorde...News - 31 March 2021 |
Dangote Cement records strong pan-African cement volumes in FY20Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and clinker sales in Nig...News - 25 March 2021 |
Ethiopia's cement sector is on the brink of transitionThis week the construction of the Lemi National Cement industrial Complex by East Africa Holdings (National Cement) and West China Cement Ltd in the Amhara region of Ethiopia was announced. Thi...News - 12 March 2021 |
Cemex completes hydrogen technology fuel mix in EuropeCemex has successfully introduced hydrogen technology as part of the fuel mix in its European cement plants. With an estimated US$40m investment programme, Cemex is also looking to extend the ...News - 23 February 2021 |