Cement News tagged under: Zimbabwe
Dangote opens grinding plant in Cameroon, Zimbabwe works on the cards01 September 2015, Published under Cement NewsDangote Cement Plc has inaugurated its 1.5Mta cement grinding plant in Douala, Cameroon. In addition, the company laid the foundation for a 200m terminal in Base Elf area, of the Douala Port. President of the Dangote Group, Aliko Dangote, said he company has decided to begin work on the second phase of the plant, which will see the doubling of its capacity to 3Mta. Zimbabwe plans The company has also indicated its intention to open a US$400m cement plant in Zimbabwe with a capacity of 1.... |
PPC24 August 2015, Published under Cement NewsPPC has held a groundbreaking ceremony for its new 0.7Mta cement works in Msara, near Harare, Zimbabwe. The US$80m plant, which will become the company’s second facility in the country, is due to be commissioned in the second half of this year. The plant is currently under construction by China’s Sinoma International Engineering. “While our existing plant in Bulawayo has positioned us well in Matabeleland, it is clear that much of the country’s future growth centres around Harare and north... |
PPC hosts groundbreaking ceremony for Zimbabwe plant11 August 2015, Published under Cement NewsPPC has held a groundbreaking ceremony for a new 0.7Mta plant in Msasa, Zimbabwe. The US$80m plant will be the company’s second cement facility in the country. Speaking at the event, Njombo Lekula, the managing director of PPC, said the investment PPC was making in the Msasa plant was a vote of confidence in Zimbabwe’s future. “PPC Zimbabwe is looking to the future of the country, with today’s event providing a promise of things to come. While our existing factory in Bulawayo has positio... |
Lafarge Cement Zimbabwe secures additional funding for plant upgrades11 June 2015, Published under Cement NewsLafarge Cement Zimbabwe has secured approval from its parent company, Lafarge Group, to invest an additional $5m on plant upgrades this year. The cement maker last year announced plans to invest about $10m-$15m on upgrading grinding capabilities. According to the company, the plant upgrades will push its volumes from 0.39Mta to 0.5Mta. Speaking to local press at the sidelines of the company's AGM, Amal Tantawi, chief executive of Lafarge Zimbabwe, told The Herald Business that the all the... |
Chinese firm signs MoU for Masvingo plant, Zimbabwe02 June 2015, Published under Cement NewsMasvingo Rural District Council has signed a Memorandum of Understanding with Xhing Xhong Cement Co of China for the establishment of a new cement plant in Zimbabwe. “I can confirm that we’ve agreed with an investor who wants to establish a cement plant in Chief Charumbira’s area. We’ve signed a Memorandum of Understanding with the investor and it’s now left to them to start the project,” Martin Mubviro, CEO of Masvingo Rural District Council, was quoted by the Chronicle (Zimbabwe) as sayi... |
PPC's first-half revenue lifted by higher Zimbabwe, Botswana and Rwanda volumes19 May 2015, Published under Cement NewsPPC’s group cement sales volumes rose by five per cent above last year's figure, with strong demand growth in its African businesses offsetting lower demand in the core South African business. PPC’s revenue increased by nine per cent to ZAR4541m (2014: ZAR4157m) for the half year ended March 2015, on the back of increased volumes in Zimbabwe, Botswana and Rwanda, as well as the consolidation of sales from Safika Cement and Pronto Readymix. Cement selling prices declined in South Afric... |
PPC Zimbabwe on course for 2016 mill commissioning09 March 2015, Published under Cement NewsPPC Zimbabwe Ltd is expected to commission its new cement mill at its plant in Harare next year, an official has said. "We are spending about $75m on our Harare mill this year and we are expecting to commission it in the first quarter of 2016," PPC Zimbabwe managing director Njombo Lekula told AllAfrica news. Mr Lekula said that the company was also investing over $6m dollars on their Bulawayo and Colleen Bawn plants aimed at improving production. "We will be spending about $6.4m for our ... |
Zimbabwe: Chinese project faces mining hurdle02 February 2015, Published under Cement NewsChinese plans to set up a cement-making factory in Zvishavane have run in to problems after it emerged that the mining rights in the area belong to Shabanie Mashaba Mines (SMM). Top Zimbabwe government sources told the Zimbabwe Independent this week the project was supposed to be set up some 30km from the mineral-rich town of Zvishavane along the Zvishavane-Mbalabala road. However, they [the Chinese investors] can only set up the factory when the issue of mining claims to the area held by S... |
PPC cautions on half-year earnings27 January 2015, Published under Cement NewsSouth Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising finance costs. The company said in a trading statement released yesterday that it headline earnings per share for the six for the first half of the fiscal year is expected to be between 25 and 45 per cent lower than the comparative period of the previous year. “Notwithstanding a weaker trading environment, the mai... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |