Cement News tagged under: Natal Portland Cement
Natal Portland Cement secures five-year loan27 December 2021, Published under Cement NewsAs part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man... |
Dangote Cement28 August 2019, Published under Cement NewsDangote Cement is among five companies calling for an investigation into cement imports into South Africa. According to The Concrete Institute (ITC), imports have risen by 139 per cent since 2016. In the 2Q19, 350,441t of cement arrived in South Africa, the highest level since the 3Q15. Imports from Vietnam alone totalled 301,872t. Most of the cement imports come through Durban, which handled 260,909t in the second quarter of this year, marking an 85 per cent increase on the 1Q19. On beha... |
PPC31 January 2019, Published under Cement NewsThis month has seen South Africa’s Competition Tribunal once again turn its attention to alleged cartel activity in the cement industry. The Competition Commission previously argued in 2008 that PPC, AfriSam, Lafarge and Natal Portland Cement (NPC) were involved in a market-sharing arrangement in the late 1990s. PPC was granted conditional immunity from prosecution in exchange for complete disclosure of all cartel activity between itself and its competitors. AfriSam and Lafarge paid fines... |
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