Cement News tagged under: South Africa
SA watchdog puts condition on merger approval09 October 2014, Published under Cement NewsThe Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three years of the approved merger. The watchdog said on its website that it had approved the intermediate merger on 1 October 2014, Holcim exited the South African market a few years ago, except for a stake it held in Afrisam. Until the transaction, it was only Lafarge that operated in South Africa. "The commission f... |
PPC chief executive quits, South Africa23 September 2014, Published under Cement NewsKetso Gordhan, the chief executive officer of PPC Ltd (PPC), resigned from his post at South Africa’s largest cement maker because of differences with the board. Mr Gordhan, who was appointed at the start of last year, quit abruptly on Monday prompted by what the company described in a statement as "differences of opinion" with the board, regarding "procedures for the approval of certain decisions. The statement however added that Gordhan had agreed to continue providing input to crucia... |
Lafarge Africa completes consolidation process17 September 2014, Published under Cement NewsLafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Holdings and United Cement Co of Nigeria. Guillaume Roux, Lafarge Africa Group Chief Executive Officer, told reporters in Lagos yesterday that the company had received all shareholder and regulator approvals and met all the necessary requirements to form the merged company comprising Lafarge’s South Africa and Nigerian in... |
PPC says slower domestic economic growth hurting volumes15 September 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, has said slower domestic economic growth and declining infrastructure spending has resulted in a "particularly tough" domestic market. “Low single-digit” volume declines across Africa’s second-biggest economy were partly offset by higher selling prices in the 10 months through July, the company said today in a statement. PPC is expanding in new African countries as it targets 40 per cent of sales outside its domestic market by 2017, compared... |
Ash Resources’ new Commercial Manager, South Africa12 September 2014, Published under Cement NewsAsh Resources, South Africa’s leading manufacturer and supplier of fly ash products, has appointed Nicola Viljoen as its new Commercial Manager with effect from 1 September 2014. In her previous role as Senior Purchasing Manager for Lafarge Gypsum, she is credited with transforming the company’s complex purchasing and contracting function, which handles the multiplicity of specialised products and systems in the building interior fitting business. |
Cimpor's 1H14 cement sales rise by 10.8%01 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t... |
South Africa to probe dumping allegations27 August 2014, Published under Cement NewsThe International Trade Administration Commission (Itac) is investigating claims that cement from Pakistan is allegedly being dumped in the Southern African Customs Union (Sacu). South Africa-based producers AfriSam, Lafarge, NPC Cimpor and PPC allege that bagged cement from Pakistan was being dumped at a price 48 per cent lower than the normal value in Pakistan. According to statistics by the XA International Trade Advisors, annual imports from Pakistan rose from 362,350t in 2011 to... |
Sephaku Aganang works launches clinker production25 August 2014, Published under Cement NewsDangote subsidiary, Sephaku Cement (SepCem), launched clinker production at its integrated Aganang plant on 20 August 2014, the company confirmed in an operational update. This follows the announcement on 13 August 2014 on the completion of the hot commissioning of the plant. The first consignment from Sephaku's flagship works in Northwest Province, South Africa, will be delivered to the company's Delmas grinding unit Mpumalanga. To-date, SepCem has been purchasing clinker to mill at Delm... |
Aganang works to launch clinker production14 August 2014, Published under Cement NewsSephaku Cement has completed the commissioning of the clinker production facility at Aganang, South Africa, and is ready to commence production, the company said in a statement. The first consignment of clinker will be delivered to the Sephaku’s Delmas grinding plant by the end of the month. Dr Lelau Mohuba, CEO of Sephaku Holdings, said: “The production of its own clinker is an important step for SepCem, enabling it to become a fully-integrated producer of cement. We are confident that it... |
PPC27 May 2014, Published under Cement NewsPPC has reported a two per cent rise in cement sales for the six months ending March 2014. Revenue came in at ZAR4.16bn (US$0.4bn), an increase of nine per cent on the same period last year. EBITDA was also up by five per cent to ZAR1.17bn, while operating profit jumped 15 per cent to ZAR1.36bn. The cement market now accounts for 86 per cent of the company's total revenue, compared to 10 per cent for lime and four per cent for aggregates. Much of the growth has come from increased export sal... |