Cement News tagged under: Sephaku Cement
Sephaku Cement experiences second kiln stoppage22 October 2021, Published under Cement NewsSouth Africa’s Sephaku Cement has experienced a further kiln stoppage, unrelated to the previous event announced on 30 September 2021. This second plant stoppage began on 16 October 2021 and is expected to finish on 26 October. The outage has been necessitated by the repair of kiln internals to prevent damage to major components. The kiln was inspected in previous maintenance stoppages and therefore, this damage was unexpected. However, a long-term solution to this issue has now been iden... |
The cement industry must tackle water management head on10 September 2021, Published under Cement NewsThis week, Sephaku Cement (Dangote group) and Holcim addressed the increasing challenge of water management and water scarcity. The issue is not just a regional one, there are mounting global pressures on water resources. Environmentalists and stakeholders are expected to increase the debate on the matter as water shortages become more acute. The building materials sector requires water for the production of cement, aggregates and ready-mix concrete, washing gravel and sand, slurry making, ... |
Sephaku Cement CEO passes20 May 2021, Published under Cement NewsThe death of Peter Fourie, Sephaku Cement (Dangote Cement South Africa) CEO, was announced on Wednesday. Mr Fourie had suffered a stroke a week earlier and had been admitted to hospital but did not recover. The board said: "It is with deep sadness that the board of directors announces the passing away of Pieter Fourie early this morning... Pieter was part of the SepHold founding management who dared to disrupt the long-standing cement industry oligopoly in 2005." SepHold Board Cha... |
Sephaku Cement sees 10% revenue increase in 202031 March 2021, Published under Cement NewsSouth Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 the company recorded its highest quarterly volumes to date, according to a statement. The company’s after-tax profit for 2020 was ZAR44.4m (US$2.99m) compared to ZAR1.3m in the previous year. Revenue also increased 9.8 per cent YoY to ZAR2.40bn from ZAR2.18bn in 2019, due to the relative increase in sales volume. EB... |
Sephaku Cement sees profits fall on construction activity decline03 March 2020, Published under Cement NewsSephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. The market is expected to remain subdued, Sephaku Cement said, as reflected by the 12.7 per cent decline in building plans passed for 2019, according to Stats SA data. Sephaku Cement reported profit after tax slumped to ZAR1.3m (US$83,745) in its year to end-December, from ZAR128.7m previously. It said it had sel... |
Sephaku Holdings reports net loss in 1HFY19-2015 November 2019, Published under Cement NewsSouth Africa’s Sephaku Holdings has reported a loss of ZAR7.7m (US$521,582) for the six months ending 30 September 2019, compared with a ZAR26.5m net profit in the year-ago period. In particular, Sephaku Cement (Dangote Cement) announced a ZAR21.6m net loss against a ZAR44.9m profit in the corresponding period of the previous fiscal. Sales revenue decreased 16.9 per cent YoY to ZAR996.9m from ZAR1.2bn, while its EBITDA fell 40.7 per cent to ZAR151.5m. "The operating landscape had result... |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
Sephaku Cement sees 6% FY18 cement volumes fall07 March 2019, Published under Cement NewsSephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.37bn in 2017 while EBITDA slipped to ZAR461.5m from ZAR504.2m in FY17. Sephaku Cement reported that profit margins were affected by above-inflation cost increases on energy costs such as electricity and low availability of coal. Maintenance costs also impacted on performance. The company's net profit for 2018 was ZA... |
Sephaku Cement looks to cost-cutting measures despite net profit rise15 November 2018, Published under Cement NewsSephaku Holdings is embarking on a cost-reduction programme to reduce head office expenses over the next year. The initiative is in response to the current declining demand due to the depressed macro-economic performance. Initially, the board of directors have been cut from 10 to seven by not replacing Mpho Makwana, Rose Raisibe Matiju and Kennet Capes who resigned their positions recently. Sephaku Holdings has already posted an improved six-month performance to September, helped by it... |
Sephaku Cement reports 25% fall in net profits28 June 2018, Published under Cement NewsSephaku Cement (Dangote group) reported a 35 per cent slump in net profit to ZAR44m (US$31.7m) on a one per cent decline in revenue to ZAR831m for the year to end-March. "We experienced a challenging operating year as competition in the ready-mix concrete segment intensified characterised by lower volumes and marginal improvement in pricing," Sephaku CEO, Lelau Mohuba, said in the results statement. "The scenario was much more positive on the cement front with improved industry annual pric... |