Cement News tagged under: PPC Ltd
PPC opens material handling facility30 October 2019, Published under Cement NewsPPC Ltd has opened its Port Elizabeth material handling facility in South Africa. The facility is located in Deal Party and is able to handle approximately 400tph of clinker. The new facility also has packaging equipment for cement and has a staff of 44 people. The ZAR60m (US$40.1m) facility was commissioned in August and was officially launched this week. One of PPC's 0.2Mta kiln lines at its Port Elizabeth cement plant was decommissioned in June 2019, because of stricter environmental reg... |
PPC to consider buying remaining stake in Cimerwa26 June 2019, Published under Cement NewsCimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa. The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, while the Rwanda Social Security Board (20.24 per cent), Rwanda Investment Group (11.45 per cent) and S... |
PPC regains its strength30 November 2018, Published under Cement NewsThis week, PPC Ltd has announced that possible price rises could be a feature of its strategy in South Africa heading into 2019. The news follows the company's reports of a solid set of half-year results for the period ended 30 September 2018 that saw revenues up eight per cent . While PPC has assessed the current domestic market as 'under pressure' due to weak consumer demand and a construction industry that is in 'distress', Johan Claassen, PPC's CEO, believes that now is the time to ... |
PPC indicates price rises ahead for South Africa's cement market27 November 2018, Published under Cement NewsPPC has seen group revenues grow by eight per cent to US$40m on the back of higher volumes and PPC's CEO, Johan Claassen, is not ruling out future price rises in South Africa. Mr Claassen said price hikes were necessary despite PPC's estimates that capacity would outstrip demand in South Africa by as much as 36 per cent in 2018. "Our synopsis is that the industry really needs it, and somebody needs to be bold about it," Mr Claassen said. "To make costs of capital, the cement industry in SA... |
Fund manager gains veto control over PPC07 November 2017, Published under Cement NewsThe Public Investment Corporation (PIC) has increased its stake in PPC Ltd, South Africa, to just over 25 per cent, the threshold required to gain ‘negative control’ over the country’s largest cement producer, according to a report in Business Day. The PIC, which also controls 66 per cent of the second-largest player in South Africa, Afrisam, is now the able to block any significant transactions the PPC Ltd board seeks to pursue. Such transactions would require support from 75 per cent of s... |
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