Cement News tagged under: South Africa
ThaiGroup JSC signs South Africa export supply agreement04 March 2016, Published under Cement NewsThaiGroup JSC, formerly known as Xuan Thanh Group JSC, has signed deal with the UK-based Ores & Minerals UK Ltd to export cement to South Africa, local media said. Under the contract worth US$1.2bn signed on 2 March 2016, the Vietnamese company will export a total volume of 20Mt of cement to South Africa within 10 years, said Nguyen Xuan Thuy, general director of ThaiGroup JSC. The Vietnamese company will also handle the transportation and buy insurance for the whole contract, the countr... |
South Africa: NUM signs one-year wage agreement with LafargeHolcim23 February 2016, Published under Cement NewsSouth Africa's National Union of Mineworkers (NUM) signed a one-year wage agreement with the local unit of cement maker LafargeHolcim, it said on Monday, ending a strike that had just entered its second week. NUM said its members will receive an eight per cent pay increase and other benefits including raises on housing grants and allowances for taking on temporary positions. (Source: Reuters) |
Lucky Cement not to proceed with court challenge01 February 2016, Published under Cement NewsLucky Cement has decided to drop its South African court challenge regarding the imposition of anti-dumping duties by the International Trade Administration Commission (Itac) on Portland cement imports originating from Pakistan. The company said it had instead decided to put its faith in the Pakistan government's approach to the World Trade Organisation (WTO) to challenge and revoke the anti-dumping duties. Muhammad Faisal, the financial director of Lucky Cement, confirmed to Business Rep... |
PPC chairman to step down, South Africa27 January 2016, Published under Cement NewsPPC announced that Bheki Lindinkosi Sibiya, who has served as chairman of Board since November 2008, elected not to offer himself for re-election at the shareholders AGM on 25 January 2016. Accordingly, he retires as non-executive director and chairman of the Board. PPC noted that under Mr Sibiya's stewardship the company has achieved a number of key milestones, notably the successful conversion of the company´s mining rights and the initiation of its African expansion strategy which to... |
South Africa: domestic cementitious volumes up 7.8% YoY27 January 2016, Published under Cement NewsDomestic cementitious volumes in South Africa increased by 7.8 per cent YoY to 3.6523Mt in the third quarter of 2015, according to an update posted on PPC’s website. Total year-to-date volumes were recorded at 9.602Mt. Meanwhile, PPC yesterday said cement sales over the first quarter (October-December 2015) of the current trading year in its South African business were down by 1.6 per cent, while the international businesses recorded an eight per cent drop including low-margin cement exp... |
PPC26 January 2016, Published under Cement NewsPPC, along with AfriSam, Lafarge and NPC Cimpor, has been instrumental in imposing new duties on cement imports arriving in South Africa that originate in Pakistan. A final ruling by the International Trade Administration Commission of South Africa stated that Portland cement originating in or being imported from Pakistan was being dumped into the South Africa Customs Union (SACU), causing material injury to the SACU cement market. According to the ruling, material injury includes price ... |
PPC23 December 2015, Published under Cement NewsEthiopia’s Habesha Cement, in which PPC has a majority stake, has announced that construction is underway at its new 1.4Mta plant. The plant, which will serve the Addis Ababa market, is reportedly 53 per cent complete and due for commissioning in 2Q17. Future development plans include doubling production capacity at the works as cement demand steps up. The Ethiopian government is planning to focus on infrastructure development, industrialisation and housing in a bid to improve the coun... |
ITAC announces final anti-dumping duties23 December 2015, Published under Cement NewsSouth Africa has imposed final anti-dumping duties on Portland cement originating in or imported from Pakistan, ranging between 14.29 and 77.15 per cent, effective 18 December 2015. The duties will remain in place for a period of five years, unless a review process takes place. The decision follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after local producers AfriSam, Lafarge Industries South Africa, NPC Cimp... |
Ethiopia: Habesha’s new plant project shows steady progress22 December 2015, Published under Cement NewsPPC recently announced that construction at the 1.4Mta works of Habesha Cement, Ethiopia, is well underway with overall project progress estimated at around 52 per cent. Civil construction at the plant, which will serve the Addis Ababa market, is 45 per cent complete and mechanical erection has started. Some 90 per cent of equipment has been manufactured to date and 70 per cent of this has been delivered to site, according to the South African parent company, which holds a 51 per cent sta... |
PPC01 December 2015, Published under Cement NewsIn its results for the year ended 30 September 2015, PPC has reported a “significantly improved second half financial and operational performance”. Revenue has advanced by two per cent to ZAR9227m (US$642.6m) while EBITDA has grown by 0.2 per cent to ZAR2362m. Following a 45 per cent decline in 1H15, net profit then improved by 23 per cent in the second half, ending the year down by 17 per cent at ZAR698m. Cement sales over the period fell by two per cent while aggregates slipped by five per... |