Cement News tagged under: South Africa
PPC first-half sales rise eight per cent, South Africa17 May 2012, Published under Cement NewsPretoria Portland Cement, South Africa’s largest cement producer, reported an eight per cent rise in first-half profit (ending March 2012) and forecasts rises in regional demand. Net income rose to ZAR369m (US$45m) in the six months through March, from ZAR343m a year earlier. Cement sales volumes declined 3% for the period under review, mainly as a result of weak demand in the Western Cape and Botswana markets. However, group revenue increased by 8% to ZAR3.529bn as a result of favourabl... |
Pakistan cement exports earn US$339m in 9MFY2011-1225 April 2012, Published under Cement NewsDuring 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures indicate that cement exports fell by 3.07% in terms of volumes but increased 2.89% in terms of dolla... |
Sephaku cement project on track, South Africa28 March 2012, Published under Cement NewsConstruction work at Sephaku Cement’s new Aganang plant near Lichtenburg is gathering pace, a company official has said. Engineering News (EN) reported Aganang project manager, Werner Kieweg, as saying that its Chinese contractor, Sinoma International Engineering, currently had about 238 Chinese employees on site and about 38 local workers. At the peak of construction – expected in January 2013 – some 500 local workers and 1000 Chinese employees are expected to be employed on the project.... |
PPC chief executive to step down at year-end, South Africa28 March 2012, Published under Cement NewsThe chief executive officer of South Africa’s Pretoria Portland Cement (PPC), Paul Stuiver, says he will stay on until the end of the to see the recruitment process for his successor through as his three year contract comes to an end. PPC is seeking a replacement for Mr Stuiver whose contract agreement ends in May. Mr Stuiver has agreed to stay on until year-end to allow for the completion of “critical commercial projects and for the recruitment process,” South Africa’s Business Daily rep... |
Competition Commission settles with Lafarge, South Africa09 March 2012, Published under Cement NewsSouth Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six per cent of its 2010 turnover in the South African Customs Union (South Africa, Botswana, Lesotho, Swaziland and Nambia). The agreement follows a settlement reached by the Commission with AfriSam which will pay a fine of ZAR125m, or three per cent of its turnover in the same period. The commission has now vowed to purs... |
Strong gains in South African cement sales08 March 2012, Published under Cement NewsLatest data by the South Africa Cement and Concrete Institute shows that domestic sales for the first two months of the year have registered a double-digit increase. For January and February 2012, cement sales reached 1.66Mt, a 13.7 per cent compared to the same period of 2011 (1.46Mt). Meanwhile, sales for February 2012 alone were 884,700t, representing a rise of 7.4 per cent compared to 823,934t in February 2011. The moving annual total for the previous 12 months sees cement sale... |
Afrisam settles cement cartel complaint, South Africa01 March 2012, Published under Cement NewsSouth African cement producer Afrisam has concluded a settlement agreement with the Competition Commission in which it admitted that it took part in a cement cartel and agreed to pay an administrative penalty of ZAR125m (US$16.7m). The penalty represents 3% of its previous year's cement turnover in the South African Customs Union region. According to the commission, the settlement is a reflection of Afrisam's material cooperation in uncovering and providing further information on the cartel ... |
South Africa: cement sales boom14 February 2012, Published under Cement NewsIn South Africa cement sales by volume soared by 22% YoY in January to 779,003t, data released by the Cement and Concrete Institute (CNCI) showed. January’s data is merely the latest in a string of strong YoY increases. The increase in the past five months (September to January) was 10.5% YoY with the November 2011 volumes of 1,141,248t the highest monthly total since 2008. |
South African January sales rise 22%10 February 2012, Published under Cement NewsSouth African cement sales increased by 22 per cent YoY in January 2012 to 779,003t compared to 638,749t in 2011, data released by the Cement and Concrete Institute (CNCI) showed. The moving annual total for the last 12 months was up five per cent YoY to 11.37Mt and also had two less selling days that the year before. Earlier this month, the country’s leading producer Pretoria Portland Cement, said it was cautiously optimistic on the country’s outlook this year. “Current trends in cem... |
PPC ‘cautiously optimistic’ on demand outlook31 January 2012, Published under Cement NewsSouth Africa’s leading cement producer, Pretoria Portland Cement (PPC) said it is ‘cautiously optimistic’ about the cement demand outlook for its domestic and Zimbabwe markets. “Current trends in cement demand and prices should improve results during the first half of our 2012 financial year,” the company said in a statement on Monday. South African cement producers continued to experience a difficult trading environment last year due to delayed or cancelled government projects and su... |