Cement News tagged under: South Africa
Sephaku Cement sees 10% revenue increase in 202031 March 2021, Published under Cement NewsSouth Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 the company recorded its highest quarterly volumes to date, according to a statement. The company’s after-tax profit for 2020 was ZAR44.4m (US$2.99m) compared to ZAR1.3m in the previous year. Revenue also increased 9.8 per cent YoY to ZAR2.40bn from ZAR2.18bn in 2019, due to the relative increase in sales volume. EB... |
Dangote Cement records strong pan-African cement volumes in FY2025 March 2021, Published under Cement NewsDangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and clinker sales in Nigeria rose by 14.3 per cent in FY20. The company saw a strong ‘V-shaped’ recovery in cement demand in Nigeria in the 3Q20 with volumes recorded at 4.29Mt for the quarter and this was relatively sustained with strong 4Q20 volumes of 3.91Mt. Dangote reported decreased market disruptions as a result of... |
Lafarge Cement Zimbabwe diversifies product range15 January 2021, Published under Cement NewsLafarge Cement Zimbabwe (LafargeHolcim group) has completed crucial test runs on a multi-million-dollar dry mortar plant as it aims to turn into a multi-product operation. Lafarge has also entered the tile adhesives range and several allied products to complement the cement operation, which faces stiff competition from imports and stronger domestic peers. The firm has mostly relied on cement production at its decades-old operation in Harare. However, Lafarge said its dry mortar factory... |
Pakistan look to resume cement exports to South Africa16 December 2020, Published under Cement NewsPakistan's Intermarket Securities Ltd has reported that cement manufacturers are hopeful that exports to South African might resume soon as anti-dumping duties expire on 17 December 2020. Earlier, the International Trade Administration Commission (ITAC) of South Africa has issued a notice announcing the start of a review on the anti-dumping duties as their five-year term is set to expire. South Africa's anti-dumping duties, which range from 14-77 per cent, were imposed in 2015 on Paki... |
PPC sees EBITDA rise 15% in 1H2008 December 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue edge up one per cent to ZAR5.01bn (US$331.1m) in the half-year period ending 30 September 2020, compared to ZAR4.95bn in the 1H19. The rise has been attributed to robust cement sales after COVID-19 restrictions were eased. Group EBITDA increased 15 per cent YoY to ZAR996m from ZAR868m, with an EBITDA margin of 19.9 per cent. Operating profit also rose 77 per cent to ZAR610m against ZAR344m in the year-ago period. However, profit after tax f... |
PPC sees rise in sales volumes in the 3Q2016 November 2020, Published under Cement NewsSouth Africa’s PPC has announced that its cement sales volumes increased 20-25 per cent YoY in the third quarter of 2020. "This trend has continued in October with strong cement sales volumes experienced for the month, up 15-20 per cent compared with the same period last year," said the group in an operational update. The rise in sales has been attributed to individual consumers instead of construction companies. In July-September 2020, sales volumes in PPC Zimbabwe and PPC Barnet i... |
PPC settles cement cartel case16 November 2020, Published under Cement NewsPPC has reached a settlement agreement with South Africa’s Competition Tribunal on the cement cartel case, bringing the 12-year matter to a close, reports Business Weekly. The agreement comes after the competition launched a probe into anti-competitive behaviour in the cement industry in 2008. PPC, along with competitors LafargeHolcim, AfriSam and Natal Portland Cement Cimphor (NPC), allegedly agreed to divide the South Africa, Lesotho, Botswana, Swaziland and Namibia markets in 1995. The ... |
PPC sees group revenue decline 2% YoY16 October 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previous year. Excluding Zimbabwe, revenue fell seven per cent from ZAR9.047bn to ZAR8.380bn, mainly due to a decline in revenues from South Africa cement. Furthermore, the company posted a loss of ZAR2.39bn in the FY19-20 against a ZAR162m profit in the year-ago period. Cost of sales declined three per cent YoY to ZAR8.2... |
Redecam completes Lichtenburg ESP-to-baghouse conversions05 October 2020, Published under Cement NewsRedecam Group SpA has successfully completed its civil, mechanical and electrical turnkey project at LafargeHolcim South Africa's Lichtenburg plant. Redecam has converted the existing kiln and raw mill No 2 electrostatic precipitators (ESPs) into bag filters, with new outlet and two new exhaust fans. |
PPC delays FY20 earnings results30 September 2020, Published under Cement NewsPPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do... |