Cement News tagged under: PPC
PPC: first-half cement sales edge higher20 May 2014, Published under Cement NewsPPC announced its group cement sales were two per cent higher for the first half of the year to the end of March 2014. Improvements in export sales and the consolidation of sales from its Rwanda operation and newly-acquired Safika Cement business were partly offset by declining sales volumes in South Africa and Botswana. Group revenue increased by nine per cent to ZAR4157m (2013: ZAR3812m) helped also by improving cement pricing and the favourable impact of the devaluation of the rand aga... |
PPC positive profit alert, South Africa28 April 2014, Published under Cement NewsSouth Africa’s leading cement producer PPC said Friday it is likely to post higher profits in the six months to March this year. Headline earnings per share are likely to rise to be between 30 and 40 per cent higher than the past comparable period due to non-recurring items the company said in a trading statement released last week. The company is continuing with its strategy of expanding outside of South Africa. Earlier this year, it entered the Algerian market by acquiring a 49 per cent... |
Tenova TAKRAF Africa wins order for reverse pulse bagfilters for PPC plants25 April 2014, Published under Cement NewsTenova TAKRAF Africa has been awarded two contracts by South Africa’s leading cement producer, PPC, to supply reverse pulse bagfilters to replace existing electrostatic precipitators (ESPs) at PPC’s Slurry facility near Mahikeng, North West Province, and its De Hoek cement plant in the Western Cape. Replacement of the ESPs with reverse pulse bagfilter technology is part of a PPC company-wide initiative to upgrade its dust control systems. This initiative is in line with the company’s on... |
PPC set to enter the Algerian cement market10 February 2014, Published under Cement NewsPPC announced that advanced plans are in place to enter the Algerian cement market through a partnership with Algerian private sector investors in Hodna Cement Company. Hodna will be constructing a 2Mta plant for approximately US$350m in the Hodna area, roughly 300km east of Algiers and close to the university and technology-focused town of Setif. PPC will acquire a 49 per cent stake of Hodna and assume management control which allows for the consolidation of the financial results of thi... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
PPC20 December 2013, Published under Cement NewsPPC is further stamping its footprint on the South African market with the recent approval of its acquisition of cement producer Safika Cement. The country’s Competition Tribunal has given its unconditional go-ahead to the deal for a controlling equity stake in Safika at a cost of US$35.3m. Safika Cement owns five blending facilities and one milling operation producing blended 32.5N cement. “Our successful conclusion of another value-adding transaction for shareholders will ensure that ou... |
PPC gets competition tribunal go-ahead for Safika Cement acquisition16 December 2013, Published under Cement NewsPPC’s previously-announced acquisition of South African blended cement producer Safika Cement has been unconditionally approved by the country’s Competition Tribunal. An agreement to acquire a controlling equity stake in Safika Cement for a cash consideration of approximately ZAR350m (US$35.3m) was announced by PPC in August this year. PPC said last Friday, that the completed deal further enhances its footprint in South Africa where Safika Cement owns five blending facilities and one mi... |
PPC02 December 2013, Published under Cement NewsDespite rising electricity prices and depreciation pushing up input costs, South Africa’s PPC has posted an eight per cent rise in EBITDA to ZAR2500m (US$244m) for the year ending September 2013. Revenue growth increased by 13 per cent rise to ZAR8320m (US$811) for the period, while gross profit was up nine per cent at ZAR2700m (US$263m). Strong growth in South Africa and Zimbabwe bumped total cement sales for the period up by seven per cent. Cement now accounts for 86 per cent of the com... |
PPC's preliminary report, year-end Sept 201319 November 2013, Published under Cement NewsPPC's South African cement sales volumes rose by seven per cent, while industry sales for the nine months ending June 2013 increased by 4.2 per cent. Strong volumes were recorded in the Gauteng and inland regions despite increased industrial action in these markets. Volumes in the coastal regions also recorded growth despite rising imports and a particularly wet winter season. Imported cement, which is not subject to import duties and is excluded from national statistics, accounted for an ... |
PPC28 October 2013, Published under Cement NewsPPC, southern Africa’s leading cement supplier, has announced plans to build a new 1Mta plant in the Democratic Republic of Congo (DRC). The company has signed a Memorandum of Understanding with DRC’s Barnet Group to construct the greenfield plant 20km from Kimpese in the west of the country. Costing US$230m the plant is expected to be operational by the end of 2015. The new plant should help to address the severe undersupply of cement in the country, despite the presence of a number of e... |