Cement News tagged under: South Africa
Finding a different kind of gold14 January 2019, Published under Cement NewsWhile coal had been the mainstay of PPC’s energy sources for decades, the company’s current energy policy has called for a steady replacement of the black gold with more sustainable energy sources. This provided the South African cement producer with the drive to introduce alternative fuels at its De Hoek plant in Western Cape. By PPC, South Africa. PPC’s energy policy seeks to replace increasing volumes of coal with alternative fuels Sustainability needs innovative thinking and... |
PPC regains its strength04 December 2018, Published under Cement NewsThis week, PPC Ltd has announced that possible price rises could be a feature of its strategy in South Africa heading into 2019. The news follows the company's reports of a solid set of half-year results for the period ended 30 September 2018 that saw revenues up eight per cent . While PPC has assessed the current domestic market as 'under pressure' due to weak consumer demand and a construction industry that is in 'distress', Johan Claassen, PPC's CEO, believes that now is the time to ... |
PPC regains its strength30 November 2018, Published under Cement NewsThis week, PPC Ltd has announced that possible price rises could be a feature of its strategy in South Africa heading into 2019. The news follows the company's reports of a solid set of half-year results for the period ended 30 September 2018 that saw revenues up eight per cent . While PPC has assessed the current domestic market as 'under pressure' due to weak consumer demand and a construction industry that is in 'distress', Johan Claassen, PPC's CEO, believes that now is the time to ... |
PPC indicates price rises ahead for South Africa's cement market27 November 2018, Published under Cement NewsPPC has seen group revenues grow by eight per cent to US$40m on the back of higher volumes and PPC's CEO, Johan Claassen, is not ruling out future price rises in South Africa. Mr Claassen said price hikes were necessary despite PPC's estimates that capacity would outstrip demand in South Africa by as much as 36 per cent in 2018. "Our synopsis is that the industry really needs it, and somebody needs to be bold about it," Mr Claassen said. "To make costs of capital, the cement industry in SA... |
PPC reports 8% rise in 1H revenues23 November 2018, Published under Cement NewsPPC posted an eight per cent increase in 1HFY18-19 revenues to ZAR5.597bn (US$403.9m) on the back of strong growth in the rest of Africa as the company’s performance in its domestic market of South Africa remains weak. Gross profit fell by 17 per cent to ZAR1.103bn in the six months ending 30 September 2018 from ZAR1.329bn in 1HFY17 while operating profit fell 34 per cent to ZAR507m. However, foreign exchange gains of ZAR38 and investment income of ZAR62m were unable to offset finance cost... |
PPC CEO Claassen to retire23 November 2018, Published under Cement NewsSouth-Africa-based PPC has initiated a process to find a new CEO after the incumbent, Johan Claassen, expressed an interest to take early retirement. Mr Claassen was appointed permanent CEO in February this year after serving as interim CEO for six months following the departure of Darryll Castle. |
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... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Lafarge Africa posts 5% net sales increase18 October 2018, Published under Cement NewsLafarge Africa has recorded a five per cent increase in net sales for the 3Q18 period, rising to NGN72bn (US$198.3m) from NGN68.8bn. In the 9M18, net sales again advanced five per cent to NGN234bn. The positive performance in the third quarter was mainly driven by strong volume growth in Nigeria and favourable pricing trends in South Africa, according to the company. EBITDA for the 3Q18 was up 96 per cent YoY as a result of an improved performance in South Africa, while it fell eight per c... |
Haver & Boecker enters joint venture in South Africa03 October 2018, Published under Cement NewsHaver & Boecker has entered into a joint venture with South Africa’s Portland Packaging (Pty) Ltd, marking the first time a global, full-line packaging company has domestically manufactured products for the African market, according to a press release. “Bringing together the ingenuity and dedication of both of our manufacturing teams will be a huge benefit for Africa,” said Florian Festge, managing director, Haver & Boecker. “Customers will have nearly immediate access to packaging machi... |