Cement News tagged under: Afrisam
PPC and AfriSam call off merger talks30 March 2015, Published under Cement NewsSouth African cement producers PPC and AfriSam have called off merger talks after they could not reach a consensus on the terms, both the companies said on Friday. Last December PPC confirmed it had received a conditional, non-binding merger proposal from AfriSam. Following "extensive discussion" between the two companies, the parties have not been able to reach consensus on the terms of the merger and therefore have terminated their discussions," PPC said in a statement on Friday. ... |
PPC continues to study AfriSam proposal, South Africa12 March 2015, Published under Cement NewsPPC said that its board is continuing to consider the indicative non-binding proposal from AfriSam Group for a merger between the two South African cement producers. The company said it would make a further announcement in due course once its board had concluded the consideration process. “Shareholders are hereby advised that the Board is continuing to consider the indicative proposal and PPC will make a further announcement in due course once it has concluded its consideration proces... |
PPC03 February 2015, Published under Cement NewsPPC’s earnings in the six months to the end of March 2015 could tumble by between 25 and 45 per cent YoY, according to a recent company trading statement. Despite positive cement sales, consolidation of Safika Cement (South Africa) and growth in both Zimbabwe and Botswana, the operating environment in South Africa is expected to remain challenging in both 2015 and 2016. Much of the decline is blamed on weak economic growth and power shortages although increased competition is also taking its... |
South Africa: PPC receives merger offer from AfriSam11 December 2014, Published under Cement NewsSouth Africa’s leading cement producer, PPC, has received a merger offer from local rival AfriSam that would create a dominant player in the country. “The Board is considering the indicative proposal and will make a further announcement in due course once it has concluded its consideration of the indicative proposal,” PPC said in a statement today. PPC has been embroiled in a boardroom battle since former CEO Ketso Gordhan resigned in September, leading some industry commentators to spec... |
Tanzania likely to start exporting cement soon26 November 2014, Published under Cement NewsTanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Tanzania's cement output rose 18.9 per cent last year to slightly above 3Mt on the back of higher demand. Janet Mbene, deputy trade minister, said the rise in output would see Tanzania produce a surplus to be exported. Annual cement production in east Africa's second-largest economy wil... |
AfriSam launches Supplier Development Centre22 May 2014, Published under Cement NewsAfriSam recently successfully opened its Supplier Development Centre in support of the company’s Enterprise Development Programme which has been implemented as part of a transformation drive in the country, especially in areas where the company operates. The aim of the Supplier Development Programme is to identify black-owned Small, Medium and Micro Enterprises (SMMEs) close to the company’s operations and provide these entrepreneurs with the necessary support and development for them to gr... |
South Africa’s cement industry body to close04 March 2013, Published under Cement NewsSouth Africa’s Cement and Concrete Institute (C&CI) is to close down following the withdrawal of funding from some of the key funding members, local producer AfriSam disclosed in a statement on Friday. AfriSam said it believes in the value that the C&CI offered the construction industry and explored various other options in an effort to sustain this industry body. "Unfortunately, no solution could be found. As a result, AfriSam had no choice but to tender its resignation from the Cement ... |
AfriSam receives positive response to new sales initiative, South Africa25 February 2013, Published under Cement NewsSouth Africa-based cement producer AfriSam has received a positive response from members of several rural communities to a pilot initiative that is seeing the cement giant sell its cement products out of “retail outlet” containers in these outlying areas. Grant Neser, sales and marketing executive at AfriSam, explained in a statement that “this initiative is a product of the customer value management (CVM) project currently being implemented in AfriSam". CVM can be described as a philosophy... |
AfriSam to expand in Eastern Cape17 October 2012, Published under Cement NewsSouth African cement producer AfriSam announced that it had signed a lease agreement with the Coega Development Corporation (CDC) to establish a grinding and blending plant in Zone 5 of the Coega Industrial Development Zone. The plant will have a production capacity of 740,000tpa and will supplement AfriSam’s existing supply of cement to the Eastern Cape market. An Environmental Impact Assessment (EIA) is currently underway and construction of the plant will commence upon approval of ... |
AfriSam adapts cement product portfolio, South Africa07 June 2012, Published under Cement NewsSouth African cement producer AfriSam says it has re-engineered its cement product portfolio to provide fit-for-purpose solutions to almost any building or construction requirement. Speaking to Business Day, CEO Stephan Olivier said: "At AfriSam, we understand that the future existence of our business depends on our ability to continuously adapt and improve our current product and service offerings.” He said the company needed to develop innovative, technologically advanced products to mee... |