Cement News tagged under: South Africa
Rising South African input costs impacting Lafarge margins08 October 2013, Published under Cement NewsLafarge South Africa has said it may raise cement prices on the local market due to higher fuel and electricity costs. Thierry Legrand, country chief executive, said last week that increasing input costs were having an impact on margins and had not been fully recovered in previous price increases. He said fuel costs rose by 21 per cent in 2011, 16 per cent last year and nine per cent so far this year, while electricity costs were increasing annually by more than nine per cent. As such, the... |
PPC chief acquires further stocks in producer, South Africa13 September 2013, Published under Cement NewsCEO of PPC, Ketso Gordhan, has acquired another ZAR3m worth of the company’s shares on the open market between 4-5 September 2013. This takes Mr Gordhan’s accumulated shares to 330,000, worth nearly ZAR10m at prices from ZAR29.30 to ZAR30.65 in the last month. It makes him one of the top 25 shareholders in the South Africa-based cement producers. (Source: Business Day). |
Sephaku Cement's two projects on track for 2014 completion01 July 2013, Published under Cement NewsThe construction of Sephaku Cement's ZAR3.2bn (US$322m) Delmas grinding plant and the Aganang clinker and cement works in South Africa are both at an advanced stage of development and are on schedule to commence production in the first two quarters of 2014. In a recent report the Dangote subsidiary said that the 1.4Mta Delmas cement milling plant in Mpumalanga is on-track for completion in the final quarter of 2013, with production due to start in January 2014. The grinding works will rece... |
South African firm stakes NGN45.7bn on Dangote Cement11 June 2013, Published under Cement NewsPublic Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. PIC is owned 100 per cent by South African government and it has funds valued at US$115bn under its management. Although no explanation was given by Dangote Cement regarding the acquisition, PIC is now holding 1.5 per cent in addition to the 5.11 per cent of the company’s shares available for trading on the Nigerian... |
ACCTA 2013 success leads to a biannual conference06 June 2013, Published under Cement NewsThe first conference on Advances in Cement and Concrete Technology in Africa (ACCTA 2013) was held at the Emperor’s Palace Resort in Johannesburg, South Africa, over 28-30 January 2013. More than 200 scientists and industry representatives from 47 nations, including 20 African countries, attended this three-day conference, paving the way for ACCTA to be developed into a biannual event. Chairman Prof Herbert Uzoegbo (Wits) opens the event on behalf of the organising committee... |
New South Africa industry body announced20 May 2013, Published under Cement NewsA newly-constituted industry body, The Concrete Institute, funded by AfriSam, Lafarge and a new cement producer, Sephaku, is to continue the services provided by the former Cement & Concrete Institute (C&CI), which closed down earlier this year. Under the leadership of Bryan Perrie, the former MD of the C&CI, the Concrete Institute opened its doors in May and is offering most of the services previously provided by the C&CI, including the training centre and training laboratory, an info... |
PPC to construct new plant in Democratic Republic of Congo17 May 2013, Published under Cement NewsPPC has announced plans to construct a 1Mta cement factory in the Democratic Republic of Congo, as part of the company’s plans to increase revenue streams outside South Africa to 40 per cent by 2016. The company is expanding in Africa through acquisitions to offset tougher competition in its domestic market and plans an investment of plans an investment of US$200m in the central African country. The move follows acquistions made last year in cement producers in Ethiopia and Rwanda. In ... |
South African market challenges08 April 2013, Published under Cement NewsFull-year data for South African cement sales released this week show that dispatches edged ahead in 2012, but the growth rate remained tepid. Producers will hope that the government's new infrastructure plans will deliver a new growth impetus to the market. Meanwhile, the country's leading cement producer is pursuing additional opportunities across sub-Saharan Africa to bolster profits. South African cement demand has been rising gradually since 2010 and data released on Wednesday by t... |
South Africa sales rise by 3% in 201204 April 2013, Published under Cement NewsSouth African cement sales edged ahead 2.9 per cent in 2012 to reach 11.6Mt from 11.23Mt the year before, data from the Cement and Concrete Institute (C&CI) shows. For the final quarter of the year, sales were just over 3Mt, also representing an increase of 2.9 per cent on the same period of 2011 when fourth-quarter sales were 2.944Mt. The C&CI will be closing down at the end of April, and as such, these are the last set of statistics to be issued by the institute. |
South Africa cement project secures loan27 March 2013, Published under Cement NewsSouth Africa-based Nedbank and Bank of China have agreed to provide a ZAR800m (US$86m) loan for a 1Mta greenfield cement plant in Limpopo. “A master finance agreement was entered into between Nedbank Capital and Bank of China and a special-purpose vehicle known as Mamba Cement Company,” said Nedbank head of infrastructure Brett Botha. Mamba Cement Company is made up of Jidong Cement Company and the China-African Development Fund, Wiphold — which is led by Gloria Serobe — and developer ... |