Cement News tagged under: Democratic Republic of Congo

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China National Building Materials (CNBM)

01 April 2019, Published under Cement News

China National Building Materials (CNBM) has reported consolidated operating revenue of CNY218bn (US$32.39bn) in 2018, up 18.9 per cent YoY. Profit for the year came in at CNY14m, compared to CNY9.79m in 2017, while basic earnings per share advanced by 63.3 per cent YoY to CNY0.956.  Last year saw sales of cement and clinker by the group fall by 2.1 per cent YoY to 369Mt, while sales of commercial concrete advanced by 3.7 per cent to 96Mm 3 . Sales volumes of aggregates increased by 14.7 ...

Sinoma reportedly seeking finance for new DR Congo plant

13 March 2019, Published under Cement News

CNBM’s Sinoma Overseas Development Co is reportedly seeking project finance for a cement plant in Tanganyika, Democratic Republic of Congo. In January the company signed an EPC contract with Interlaces SA for a 3500tpd plant. The outlined project includes mining, three cement production lines, a biomass power station as well as packaging and delivery systems. According to Inside International Industrials, the project will be slightly larger than one completed by Sinoma International Enginee...

DR Congo cement demand up 2% at end June 2018

14 December 2018, Published under Cement News

Cement production in the Democratic Republic of Congo (DRC) at the end of June reached 377,980t, according to the country’s statistics office. This compares with an output of 376,342t in the same period of 2017. Demand for cement in the DRC at the end of June rose 1.6 per cent YoY to 539,474t from 530,820t in 2017. Consumption is entirely being met by local production following a import ban. Any surplus of domestic output is exported to neighbouring countries. The price of cement in the ...

South Korean investors looking at DRC limestone deposit

22 October 2018, Published under Cement News

A group of South Korean investors visited the Bakwa Tshiluila limestone deposit in Kasai Oriental province, Democratic Republic of Congo (DRC). Their mission was to carry out feasibility studies in cement production, diamond mining and agriculture. Investors were interested in the quality of limestone but reportedly voiced concern over the power supply to the area.

PPC expects profit increase in FY18

18 June 2018, Published under Cement News

South Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange...

PPC

26 April 2018, Published under Cement News

PPC is reportedly in talks with China National Materials Co (Sinoma) over the sale of a majority stake in PPC’s operations in the Democratic Republic of Congo. Over the last five years, PPC has invested ZAR12bn (US$995m) in new capacity, taking the company into Ethiopia as well as the Democratic Republic of Congo. However, an oversupply of cement in Congo has led to what PPC describes as a “challenging” time in the country, forcing it to negotiate a debt holiday with lenders. It is now lo...

PPC considers expansion and possible sell-off in DR Congo

09 April 2018, Published under Cement News

PPC Ltd's Chief Executive Officer, Johann Claassen, has vowed to boost liquidity and extend debt maturity and he's eyeing future expansion for the company in east and west Africa. New investment would follow a ZAR12bn (US$995m) outlay on five plants in the past five years, which took PPC into countries such as Ethiopia and the Democratic Republic of Congo. All are now in operation and generating cash, said Mr Claassen, allowing the company to consider new facilities. "We had to ste...

PPC

22 February 2018, Published under Cement News

PPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITDA also tracked ahead YoY. A lack of large infrastructure projects continues to hamper cement volume growth in South Africa, according to the company, which estimates that overall cement demand in the country fell by 3-4 per cent in 2017. PPC saw its volumes in South Africa decline by 1-2 per cent YoY, which is an i...

PPC

25 January 2018, Published under Cement News

PPC has rescheduled the debt related to its new cement plant in the Democratic Republic of Congo, PPC Barnet DRC, improving the group’s liquidity position. The new works is 69 per cent-owned by PPC, with a further 21 per cent stake held by local partner, Barnet Group, and 10 per cent by International Finance Corporation (IFC). PPC has successfully finalised a two-year capital repayment moratorium with IFC resulting in total capital requirements for PPC Barnet DRC being limited to interest...

PPC improves liquidity position

22 January 2018, Published under Cement News

PPC has rescheduled the debt related to its new plant in the Democratic Republic of Congo, improving its liquidity position. The South Africa-based cement producer has also secured a two-year capital repayment moratorium. As a result, the total capital requirements for PPC Barnet DRC would be limited to interest payments from this month up to January 2020. PPC has a 69 per cent stake in PPC Barnet DRC, a joint venture with Barnet Group, which has a 21 per cent shareholding, and the In...