Cement News tagged under: Rwanda

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PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales

23 November 2017, Published under Cement News

South Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline earnings per share increased from ZAR0.14 to ZAR0.19 per share. Group revenue edged up one per cent to ZAR5.188bn from ZAR156m in the comparable year-ago period, while EBITDA advanced four per cent to ZAR1.2bn. Volumes sold increased by two per cent to around 3Mt. Net profit attributable to PPC shareholders increas...

Will ARM secure a firmer financial footing?

17 November 2017, Published under Cement News

The increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past week, ICR has reported on the merger between Unicem and Atlas Cement in Nigeria as well as CRH's interest in acquiring PPC Cement of South Africa. Meanwhile, the Kenyan and Tanzanian markets could also see a change in structure with ARM looking for new investors to stave off becoming the latest takeover target. ...

PPC raises prices and volumes

29 September 2017, Published under Cement News

South Africa-based cement producer PPC said it improved effective selling prices in its South African cement business and is steadily increasing output at its operations in the rest of Africa. The company saw a rise in volumes of 15 and 35 per cent in Zimbabwe and Rwanda, respectively in the five months to August, according to an investor presentation at the RMB Morgan Stanley Big Five Investor Conference in Cape Town. Effective selling prices increased by two per cent in South Africa ...

PPC Zimbabwe achieves record cement volumes

25 August 2017, Published under Cement News

PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ...

PPC 1Q17 results in line with expectations

21 August 2017, Published under Cement News

PPC revenue for the period ended 30 June 2017 (1Q17) is ahead YoY while group EBITDA is in line with the year-ago period. The advance has been attributed to good cost management. Johan Claassen, interim CEO, said: "Our focus is firmly on delivering improved profitability and liquidity in the shorter term while our longer term strategy remains unchanged. More specifically, we will focus our management effort on the new operations in the DRC and Ethiopia, ensuring that they deliver to expec...

CIMERWA launches bulk cement service

14 August 2017, Published under Cement News

Rwanda’s sole producer of cement, CIMERWA, on Friday introduced its bulk cement offering whic  will see customers receive cement directly at their construction sites without the use of bagged cement. Unveiling the new CIMERWA Bulk Cement service at a meeting in Kigali, company CEO, Bheki Mthembu, said its bulk truck will unlock some of the bottlenecks encountered with bagged cement. The vehicle will deliver cement directly to the construction site, pump it in the silo after which construc...

FLSmidth signs cement grinding plant contract in Rwanda

12 April 2017, Published under Cement News

FLSmidth confirmed it has signed a contract with Prime Cement Ltd for engineering, procurement and supply of equipment for a full-scope cement grinding plant with a capacity of 700,000tpa. The plant will be located in Musanze, Rwanda. The contract will become effective when FLSmidth receives a down-payment from the customer, which is expected to happen later in 2017, the company said in a statement. "This is a milestone project for FLSmidth, being the first OK TM vertical roller mill to be...

Prime Cement plans new Rwandan plant

05 April 2017, Published under Cement News

Cement industry newcomer, Prime Cement, plans to construct a US$65m plant in Musanze District, Northern Province, Rwanda. The company has reportedly signed an equipment supply deal with FLSmidth, according to an article by The New Times (Rwanda). Gisele Bayigamba, general manager Milbridge Holding, the consortium that owns Prime Cement, said construction of the 0.7Mta facility will begin in the 3Q18. Cimerwa currently operates Rwanda’s sole integrated cement plant. The company, in w...

Rwanda: new CEO of Cimerwa and PPC Gauteng business unit executive

09 February 2017, Published under Cement News

Former General Manager of PPC Cement’s Hercules and Jupiter operations in Gauteng, Bheki Mthembu, has been appointed the CEO of Cimerwa in Rwanda. Mthembu assumed his new duties as CEO from 1 December 2016 under the guidance of Njombo Lekula, Managing Director of PPC International Operations. With optimisation of Cimerwa currently in progress, Mthembu is looking forward to this new challenge and the year ahead. "While PPC’s well-established presence in Botswana and Zimbabwe had alread...

PPC

01 December 2016, Published under Cement News

Improved cement sales in South Africa and growing volumes in Rwanda resulted in PPC reporting a 13 per cent increase in group cement sales in the six months ending 30 September 2016, compared to the previous six months. Revenue for the period came in at ZAR5.2bn (US$370m), compared to ZAR4.6bn in the six months ending 31 March 2016, representing an increase of 15 per cent. Revenue in the lime business advanced by six per cent while the company’s aggregates and ready-mixed operations recorded...