Cement News tagged under: Rwanda

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CIMERWA posts end of year revenue of RWF92.1bn

07 December 2022, Published under Cement News

CIMERWA Plc 's year-end financial results recorded revenue of RWF92.1bn (US$84.6m) in 2022, 37 per cent above the previous year.     “This is mainly attributed to the optimisation of our production processes, cost savings initiatives and the effective execution of our route-to-market strategy for both our domestic and export markets,” said John Bugunya, CFO of CIMERWA Plc. “Our Profit Before Tax stood at RWF16.9bn, a significant improvement of 212 per cent compared to the prior year. ...

PPC posts 23% drop in EBITDA

17 November 2022, Published under Cement News

PPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six months ended 30 September 2022. Excluding PPC Zimbabwe, EBITDA fell 12 per cent YoY. Net debt continued to improve, coming in at ZAR677m on 30 September 2022, compared to ZAR1009m in March of this year. According to the company, shareholders should expect earnings per share (EPS) for the 2022 six-month period to “diff...

CIMERWA posts 6M revenues of RWF44bn

01 July 2022, Published under Cement News

CIMERWA Plc ( PPC Group ) has announced a RWF5.2bn (US$5m) net profit in the six months for the period ended 31 March 2022 with total revenue of RWF44bn, indicating a 45 per cent increase compared to the same period last year. Albert Sigei, the CEO of CIMERWA Plc,   said: “It has been a great six months and the main factors that helped us include improvement in plant operating efficiency and also some projects that allowed us to open up additional air capacity organically within the...

Reducing methane emissions

24 January 2022, Published under Cement News

As the cement industry prepares to meet its sustainability objectives, this month’s Technical Forum focusses on the potential of methane as an alternative to coal in firing kilns. More than 70 per cent of kilns are still fired with coal or petcoke whereas only 10 per cent are currently using natural gas. If 10 per cent of the world’s cement kilns could be switched from coal to natural gas, then 1.16Gt of CO 2 would be prevented between 2020-50 News in the first weeks of Nove...

CIMERWA posts a 7% revenue increase

10 December 2021, Published under Cement News

Rwanda's CIMERWA has registered an after-tax profit of RWF4.1bn (US$3.95m) for the year ended September 2021, up 115.8 per cent compared to RWF1.9bn in the previous year. Revenue also advanced seven per cent YoY to RWF67.3bn. “We have achieved strong financial results in the year ending 30 September 2021 despite the effects of various COVID-19 lockdowns during the period. This excellent performance was driven by growth in revenue as the business executed its route-to-market strategy so as ...

Tanga port receives large clinker consignment

23 November 2021, Published under Cement News

Tanzania’s Tanga port has received a consignment of 50,000t of clinker from Saudi Arabia, which is reportedly on transit to Prime Cement in Rwanda. Tanga Regional Commissioner, Adam Malima, said: "The government investment in expanding the port has started bearing fruits because the port can now host large vessels, something which was not possible before the expansion," he said. "I call on the Prime Cement Ltd to hold a meeting with Tanzanians haulers and other transport logistics firm...

Scaling up for growth

29 June 2021, Published under Cement News

Cement producers do not just manufacture cement, they need to sell it too. So what happens when a new equity partner invests in the company with a plan to increase factory output sixfold? How do you scale up for growth, increase market share and ensure that sales keep up with production volumes? By Transnova, South Africa. Rwandan cement producer cimerwa migrates from the distributor model to that of a delivered service to better manage sales volumes, customer loyalty programmes, m...

Financial restructuring positions PCC for long-term recovery

25 June 2021, Published under Cement News

Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ...

Cimerwa announces 14% rise in revenue

23 June 2021, Published under Cement News

Rwanda’s Cimerwa has announced a 14 per cent YoY increase in revenue to RWF30bn (US$30.07m) for the first half of the financial year, ended 31 March 2021. The company’s profit after tax also reached RWF1bn. "Despite the effects of the lockdown that went into effect during the first quarter of this year, we were able to record strong revenue and profit and maintain a healthy cash balance of RWF8.7bn. This speaks volumes on our resilience in the face of difficulties and challenges," said John...

Cimerwa reports revenue increase in FY19-20

15 December 2020, Published under Cement News

Rwanda’s Cimerwa has seen its revenue increase one per cent YoY to RWF63bn (US$63.79m) in the financial year ended September 2020. Profit after tax reached RWF1.9bn, while EBITDA was at RWF1.95bn for the FY19-20. During the year, Cimerwa produced and sold 421,000t of cement, an improvement on the previous fiscal despite a 40-day shutdown on cement production due to the effects of COVID-19. "There has been an increased demand from a number of large infrastructure projects, such as the c...