Cement News tagged under: Africa

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PPC makes several changes to its board

06 March 2018, Published under Cement News

PPC has announced that Jabu Moleketi has been appointed as chairperson, with immediate effect. Mr Moleketi replaces Peter Nelson who, along with non-executive directors Sydney Mhlarhi and Dawn Earp, resigned on Friday. The departure of Mr Nelson follows allegations that Prudential Investment Managers South Africa, one of PPC’s largest shareholders, had sent a formal request for his removal, according to the Business Report. Noluvuyo Mkhondo, an investment banking and corporate finance ...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

PPC makes three new appointments

15 February 2018, Published under Cement News

PPC has appointed its current interim Chief Executive, Johan Claassen as CEO and an executive director of the group with immediate effect. "Since his appointment as interim CEO Johan has overseen a number of important milestones including the successful stabilisation of the business, an improvement in efficiencies following the completion of key projects and the strengthening of PPC's financial position," said Peter Nelson, chairperson of PPC. Elsewhere, Njombo Lekula has accepted the...

Tanzania is the latest price-pressured African market

22 September 2017, Published under Cement News

While South Africa's cement market is wrapped up in merger talk and oversupply, and Ghana's cement industry is crying out for protection against low imports, Tanzania is the latest African country to find that the bustle for greater market share is pushing prices down to unsustainable levels. Tanzania's price war Tanzanian cement producers are facing a sudden collapse in profitability as cement prices are falling in an increasingly competitive market. Heidelberg-owned Tanzania ...

Hima partners with Chinese contractor for three infrastructure projects in Uganda

06 September 2017, Published under Cement News

Hima Cement, LafargeHolcim company in Uganda, and China Communications Construction Company (CCCC) on 12 July signed a memorandum of understanding to deliver solutions for three major infrastructure projects. The Ugandan government prioritising infrastructure development as one of the drivers of economic growth and Hima Cement will contribute to the country’s effort to build durable and reliable infrastructure. According to a memorandum of understanding (MoU) signed mid-July, LafargeHolcim ...

AfriSam submits revised PPC merger offer

05 September 2017, Published under Cement News

South Africa’s cement maker AfriSam has submitted a revised merger approach to larger domestic rival PPC, the company said on Monday. AfriSam’s latest proposal values PPC at 5.75 rand per share, or SAR9.2bn (US$709.47m), and is the company’s  third attemp to merge with PPC and create a pan-African cement group with assets across six countries. As part of the proposal, the African unit of Canada's Fairfax Africa Holdings offered to buy 22 per cent of PPC at 5.75 rand per share for SAR2b...

KHD signs contracts in western sub-Sahara region

25 July 2017, Published under Cement News

Humboldt Wedag GmbH, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over EUR80m for the supply of equipment and execution of civil and erection works as well as supervision services for a cement plant in western sub-Sahara region. The contracts will be booked as order intake as soon as the pre-conditions for commencing project execution are fulfilled, the company said in a statement.

Dangote Cement's pan-African expansion boosts financial strength

21 July 2017, Published under Cement News

Dangote Cement's strategy of rapid capacity build across Africa with prudent financial management has led the company to recently be recognised for its financial strength. The next wave of development sees Dangote almost doubling capacity, further consolidating its position as sub-Saharan Africa's leading cement supplier. Earlier this month two global rating agencies, Moody's Investors Service and Global Credit Ratings (GCR), rated Dangote Cement positively for its financial strength and co...

Senegal production rises in 4M17

18 July 2017, Published under Cement News

Senegal’s cement production during the first four months of 2017 showed a slight increase of 2.5 per cent, compared to the same period in 2016, African Press Agency (APA) News reported citing the Directorate of Forecasting and Economic Studies (DPEE). According to DPEE, which relies on data from two cement plants (Sococim and Ciments du Sahel) out of the three existing in the country, cement production increased to 2.27Mt at the end of April 2017, representing an increase of 56,300t in abs...

Hima Cement signs supply deal for Uganda infrastructure

13 July 2017, Published under Cement News

Uganda-based Hima Cement is to supply infrastructure projects being undertaken by China Communications Construction Co Ltd (CCCC) in the East African country under a new trade deal, local media have reported. Allan Ssemakula, Hima Cement's commercial director, said the LafargeHolcim company will supply cement for the ongoing Entebbe International Airport expansion, construction of Mubende-Kakumiro-Kagadi Road as well as upgrading of Soroti – Moroto Road. The firm will supply 30,000t of ...