Cement News tagged under: AfriSam

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AfriSam adapts cement product portfolio, South Africa

07 June 2012, Published under Cement News

South 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...

Afrisam settles cement cartel complaint, South Africa

01 March 2012, Published under Cement News

South African cement producer Afrisam has concluded a settlement agreement with the Competition Commission in which it admitted that it took part in a cement cartel and agreed to pay an administrative penalty of ZAR125m (US$16.7m). The penalty represents 3% of its previous year's cement turnover in the South African Customs Union region. According to the commission, the settlement is a reflection of Afrisam's material cooperation in uncovering and providing further information on the cartel ...