Cement News tagged under: Rwanda

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Rwanda: dealers and developers call for Cimerwa price drop

19 September 2016, Published under Cement News

Cement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cement is cheaper than the one made locally need to look at one thing: what is cheap is cheap because t...

PPC increase revenue and volumes in 3QFY15-16

06 September 2016, Published under Cement News

PPC reported a nine per cent YoY rise in quarterly sales revenue, commenting that sales revenue in South Africa increased two per cent and volumes by at least nine per cent in the company's 3QFY15-16. However, revenue outside of South Africa was even stronger, growing 19 per cent as a result of significant volume growth, newly commissioned plants in Rwanda and gains made through currency translations. CEO of PPC, Daryll Castle said, “the group's revenue has improved by six per cent suppor...

Rwanda: PPC revenues boosted by Cimerwa

05 July 2016, Published under Cement News

Cimerwa Ltd’s contribution to Pretoria Portland Cement’s (PPC) revenues helped cushion the company’s turnover in the six months ending 31 March 2016. According to the Johannesburg Stock Exchange, PPC holds a 51 per cent stake in the Rwandan cement company. While PPC’s results show bases in Botswana, South Africa and Zimbabwe were depressed due to a shrinking market and falling prices, a recently-commissioned plant in Rwanda added almost ZAR200m (US$13.5m) to the group’s revenue. Despit...

PPC

29 June 2016, Published under Cement News

In the six months ended 31 March, 2016, PPC saw its group revenue dip by one per cent to ZAR4.5bn (US$294.01m). Group EBITDA was up by two per cent to ZAR1.1bn with an EBITDA margin of 25.4 per cent, mainly due to improved efficiencies and cost savings as part of the company’s Profit Improvement Programme. The programme, which aims to deliver ZAR400m by 2017, generated ZAR178m in the six months in question, taking the running total to ZAR390m. According to the company, this has mainly been a...

Rwanda: Cimerwa calls for protection from illegal exports

22 June 2016, Published under Cement News

Cimerwa, Rwanda's sole cement producer, has asked the government for protection, saying local dealers are exporting its cement illegally, affecting its key markets in the Democratic Republic of Congo and Burundi. All Africa reported that Busisiwe Legodi, the Cimerwa CEO, said the problem is made worse by the fact that some of the local dealers buy cement at subsidised prices for the Rwandan market, but sell it on in small quantities to the DR Congo and Burundi, making it hard for the cement...

PPC sees six-month revenues and volumes flat

14 June 2016, Published under Cement News

In its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to lower prices, while in the rest of Africa revenues rose by six per cent to ZAR1367m (US$89m). This f...

Rwanda: rail and energy projects to boost cement demand

23 May 2016, Published under Cement News

The Rwandan government’s announcement of two major infrastructure projects is set to be a boon for the country’s cement producers, the Mail and Guardian Africa reports. The KivuWatt gas-water extraction project will take gas from Lake Kivu to generate 100MW of electricity by 2019, while the Dar es Salaam-Isaka-Kigali/Keza-Musongati (DIKKM) standard-gauge railway will link Rwanda with ports in neighbouring Tanzania. Busi Legodi, CEO of PPC Rwanda, has welcomed the new initiatives, notin...

Cimerwa looking to cut costs as it eyes export markets

23 March 2016, Published under Cement News

Busisiwe Legodi, Cimerwa's chief executive officer, has reaffirmed her company’s commitment to developing export markets in neighbouring Burundi and eastern DR Congo. Speaking in Kigali last week, Ms Legodi also said that Cimerwa – which is 51 per cent owned by South Africa’s PPC – were looking to cut costs.  A report by Rwanda’s New Times newspaper quoted Ms Legodi as saying: “We import most of the raw materials, including gypsum and coal, which makes business expensive. We are, there...

Cimerwa inaugurates expansion project

20 August 2015, Published under Cement News

Rwanda prime minister Anastase Murekez on Tuesday inaugurated Cimerwa’s new dry-process line which boosts capacity at the plant from 0.1Mta to 0.6Mta. The Rwanda cement producer, in which PPC owns a 51 per cent stake, has invested US$170m to convert its wet-process plant to new dry-process technology. Speaking during the launch, Murekezi said that the new plant presents an opportunity for the country to start exporting cement to its neighbours while creating employment opportunities for R...

CIMERWA unveils expanded plant project, Rwanda

21 July 2015, Published under Cement News

CIMERWA has officially unveiled its modernised plant in Rwanda, which involved making the switch from wet- to dry-process technology and increasing capacity to 0.6Mta. The company has also installed a 15MW peat-powered power plant, which will help it address unreliable electrical supplies that have caused it to suffer high production costs for many years. Earlier this year, the company launched its new corporate identity and product packaging involving new logo and bold colours, symbolis...