Cement News tagged under: DR Congo

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PPC's group revenue impacted by Zimbabwe

21 November 2019, Published under Cement News

PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from the six-month period at ZAR5.6bn, which was attributed to a 17 per cent volume decline in group cement volumes. Group EBITDA was also affected by Zimbabwe's currency devaluation and hyperinflation as well as the trading environment in South Africa, plus a one-off restructuring costs of ZAR83m. When excluding PPC Zimb...

COCMAG warns government that Ghana's cement industry could collapse

01 July 2019, Published under Cement News

The Chamber of Cement Manufacturers, Ghana (COCMAG) has given the goverment a stark warning that various taxes and levies over the past two years are driving the cement industry towards collapse. According to the Executive Secretary, Reverand Dr George Dawson-Ahmoah, the most recent tax imposed on cement manufacturers is the fumigation levy of US$0.50/t on imported clinker by the Ministry of Health. "How on earth can a raw material such as clinker be fumigated before clearance from the por...

DR Congo slaps ban on cement imports

23 October 2017, Published under Cement News

The Ministry of External Trade in the Democratic Republic of Congo (DRC) has imposed an import ban on a selection of goods, Including cement which is expected to impact on Zambian cement producers. A circular dated 25 August 2017 and signed by Minister of External Trade Jean-Lucien Bussa Tongba, included cement on this list of products, reports the Zambia Daily Mail Ltd. The ban is meant to protect local industries, as well as to curb fraud and other illegal practices in the importation...

PPC Zimbabwe achieves record cement volumes

25 August 2017, Published under Cement News

PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ...

DR Congo: producers demand six-month import suspension

21 February 2017, Published under Cement News

Cement producers in the Democratic Republic of Congo have urged the country’s Prime Minister, Samy Badibanga, to be tough on cement imports, demanding a suspension of cement imports for a six-month period, strengthening anti-fraud measures and continued logistics support to improve cement distribution. With the commissioning of PPC Barnet and Cimko plants supply to the west of the country is covered. Local production is expected to surpass the 2.8Mta mark. In addition, CILU’s works is bac...

DR Congo: new plants to fight imports

07 October 2016, Published under Cement News

This week it was announced that the Cementerie Kongo (CIMKO) greenfield cement plant project, a joint venture between Lucky Cement Ltd and the local Groupe Rawji, would be completed this October. While it will take a short while for the plant to be optimised, its targeted cement capacity of 1.2Mta is expected to be pressed into action as soon as possible to serve the country's 3Mta cement demand. While GDP in the Democratic Republic of Congo has slipped, with the government forecasting 4...

DR Congo: US$500m to relaunch Maiko cement plant

11 August 2016, Published under Cement News

The Congolese government has freed US$250m to relaunch production at the former cement plant of Province-Orientale (CIPOR), Cimenterie de Maiko (CIMAIKO). To carry out the project, the government signed a partnership agreement with multinational construction company Satarem Ltd, which will contribute a further US$250m to the project. In December, representatives of the consortium will assess the site, which is located at Maiko, 75km southeast of Kisangani with work expected to start b...

Central Congo cuts import tax by 50%

10 August 2016, Published under Cement News

The provincial government of Central Congo, Democratic Republic of Congo, has lowered import taxes for grey cement by 50 per cent from CDF3000 (US$3.15) to CDF1500 per 50kg bag. The step has been welcomed by importers who bring in Angolan product via the border post of Lufu. However, cement users have complained that the cut is not filtering through to end-users as they still pay CDF12,500 for a bag of cement. They have called for the government to revise the cement price, and are support...

PPC

29 June 2016, Published under Cement News

In the six months ended 31 March, 2016, PPC saw its group revenue dip by one per cent to ZAR4.5bn (US$294.01m). Group EBITDA was up by two per cent to ZAR1.1bn with an EBITDA margin of 25.4 per cent, mainly due to improved efficiencies and cost savings as part of the company’s Profit Improvement Programme. The programme, which aims to deliver ZAR400m by 2017, generated ZAR178m in the six months in question, taking the running total to ZAR390m. According to the company, this has mainly been a...

PPC eyes longer-term growth outside of Africa

16 March 2016, Published under Cement News

PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16.  In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc...