Cement News tagged under: South Africa
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... |
Pakistan challenges SA anti-dumping duty decision20 November 2015, Published under Cement NewsPakistan's Ministry of Commerce has initiated World Trade Organisation (WTO) dispute settlement proceedings to challenge South African decision to impose preliminary anti-dumping duty on the import of Pakistani cement. Earlier this year, South Africa authorities (ITAC) imposed duties on various Pakistani cement exporters ranging from 15-68 per cent. The South African government considered that these imports were causing injury to the local cement industry. The basis of Pakistan's argu... |
South Africa 2Q volumes edge ahead09 October 2015, Published under Cement NewsDomestic cement demand in South Africa increased by 1.5 per cent YoY to 3.08Mt in the second quarter of 2015, according to a volume update posted on PPC’s website yesterday. The 2Q growth follows a strong advance in the first quarter of this year, when volumes increased by 15.6 per cent compared to the same period of 2014. |
PPC expansion strategy on track24 September 2015, Published under Cement NewsPPC's expansion strategy remains on track and the new plant in Rwanda was officially opened on 18 August 2015. In an investor presentation posted on PPC's website ahead of the RMB Morgan Stanley Big Five Investor Conference in Cape Town on Monday, the company said all three remaining projects in the DRC, Zimbabwe and Ethiopia are ~45 per cent complete. The 1Mta Slurry Kiln 9 project has commence and production ramp-up is anticipated in 2018. In terms of its operational performance, posit... |
China National Building Materials (CNBM)24 August 2015, Published under Cement NewsCNBM International Engineering Co Ltd, along with FLSmidth Pvt India, has signed a memorandum of understanding with Mamba Cement Company for the engineering, supply and construction of a 3000tpd greenfield cement plant in Bagamoyo, Tanzania. The project is expected to take 30 months to complete. Meanwhile, China Triumph International Engineering Co Ltd (CTIEC), the technology and engineering arm of CNBM has joined forces with WElink, a specialist clean energy company, and RAEF US, the US s... |
South Africa’s 1Q15 sales climb09 July 2015, Published under Cement NewsSouth Africa’s cement sales rose to 2.87Mt in the first quarter of 2015, according to the report released by the country’s leading producer, PPC, on behalf of the country’s eight major cement manufacturers on Wednesday. The increase is attributed to demand from smaller players making up for the slump in the building sector led by bigger companies, analysts said. With the order books of the major firms not looking healthy, the jump in cement sales could be the result of smaller companies suc... |
S&P downgrades PPC on increasing debt07 July 2015, Published under Cement NewsStandard & Poor's Ratings Services (S&P) has lowered its long-term South Africa national scale rating on heavy building materials producer PPC Ltd to 'zaA' from 'zaA+'. At the same time, it affirmed the 'zaA-2' short-term South Africa national scale rating on PPC. S&P said it expects PPC’s net financial debt to increase materially over the near-term due to its increased capital expenditure on expansiory projects in the Sub Saharan region. The company’s strategy is to grow its Sub-saharan ac... |
PPC29 June 2015, Published under Cement NewsMarking the first collaboration between the two companies, PPC has recently signed an EPC contract with Sinoma’s CMBI Construction Co Ltd for a new 3000tpd clinker production line at PPC’s Slurry plant near Lichtenburg, South Africa. The new kiln line 9 is expected to take 25 months to complete. The contract includes engineering, procurement, civil works, installation and commissioning. Meanwhile, PPC, along with Afrisam, Lafarge and NPC Cimpor, has successfully campaigned for a provision... |
South Africa: Sephaku revenue up 36%29 June 2015, Published under Cement NewsDangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, with profit after tax up 57 per cent. The group recorded a profit before tax of ZAR72m and net profit of ZAR47m. Sales revenues came mainly from the Delmas milling plant which reached a steady state of production in November 2014. Clinker and cement production at Aganang commenced... |
CBMI signs EPC contract for PPC line23 June 2015, Published under Cement NewsCBMI has signed a 3000tpd clinker production line EPC contract with PPC, marking the first collaboration between the two companies. The new kiln line 9 project will be located at PPC's Slurry cement plant near Lichtenburg, South Africa's North West Province, about 250km from Johannesburg. Tong Laigou, Chairman of the Board of CBMI and Darryl Castle, CEO of PPC, signed the contract in the presence of senior staff from both companies. The scope of the contract covers the additive stockp... |