Cement News tagged under: Zimbabwe
PPC Zimbabwe to invest US$86m in extra capacity24 October 2014, Published under Cement NewsPPC Zimbabwe announced a US$86m investment package in Zimbabwe over the next three years as it expects rising cement demand due to infrastructure projects despite a generally stagnating building sector. The funds are earmarked for manufacturing capacity and equipment. Road-building projects and exports to Zambia, Malawi and Mozambique are generating “significant” demand, according to the company’s MD, Lekula Njombi. The cement producer also expects to supply product to private-sector powe... |
PPC03 September 2014, Published under Cement NewsConstruction is due to begin this month on PPC’s new grinding plant in Harare. Around US$18m has reportedly been secured for the project with road access to the plant already in place. The company is also conducting a feasibility study into a further clinker plant in Mt Darwin in northern Zimbabwe. Meanwhile, in the Democratic Republic of Congo, PPC Barnet DCR has signed a contract with China’s Sinoma International Engineering Company for the engineering, procurement and construction of a... |
Lafarge02 July 2014, Published under Cement NewsLafarge has agreed the sale of Lafarge Cementos in Ecuador to Union Andina de Cemento of Peru for US$553m. The completion date for the sale of this 1.4Mta works has yet to be agreed. This deal follows the sale of the Honduran cement operations to Cementos Argos at around the turn of the year. Lafarge Zimbabwe is looking for a suitable site on which to build a cement works costing US$250m-300m. One limestone deposit has been identified to date and other opportunities are being looked into.... |
Lafarge Zimbabwe investigating locations for US$250m cement works18 June 2014, Published under Cement NewsLafarge Zimbabwe is currently looking for a suitable location for a new US$250m cement plant in the country. Feasibility reports will be carried out in areas with large limestone deposits. Chief executive, Amal Tantawi, said: "We have so far identified one limestone deposit to help feed the plant and the company continues to look for more deposits. Feasibility studies are being conducted on the long-term projects and we hope this will see our business growing in the future," said Mrs Tant... |
PPC to construct Harare mill, Zimbabwe23 May 2014, Published under Cement NewsPPC said it would spend US$80m on a cement mill in Harare, Zimbabwe, to be commissioned in 2016. The new mill, to be funded by a corporate loan, is expected to boost operating efficiencies. The company is planning to close less efficient mills at its Bulawayo factory. Last year, PPC announced it would also construct a clinker plant in Mt Darwin in northern Zimbabwe and a cement mill in Tete province, Mozambique. Market slowdown In an interim trading statement released earlier th... |
Sino-Zimbabwe confident on production targets03 April 2014, Published under Cement NewsSino-Zimbabwe Cement is confident that it will meet its targeted 700-1200tpd production capacitty following the completion of phase one of its plant upgrade. Sino-Zimbabwe a joint venture between the Industrial Development Corporation of Zimbabwe and (IDC) and China’s CBMC Renovations at the works, situated 40km southwest of Gweru, are being undertaken in three phases. The US$4m upgrade will boost clinker production to about 1200tpd. Investment has been focussed on refurbishing the kiln ... |
Zimbabwe: Chinese-Zimbabwean joint venture invests in clean technology24 March 2014, Published under Cement NewsZimbabwe will soon have a modernised cement facility producing 0.2Mta with improved environmental performance. The Chinese-Zimbabwean joint venture is on track to complete a modernisation project that will cost the Chinese shareholder US$5m. The plant, which started operation in 2001, is a joint venture between Industrial Development Corporation of Zimbabwe and China Building Material Industrial Corporation for Foreign Econo-Technical Cooperation with an initial investment US$54m. The wor... |
Sino-Zimbabwe boosts clinker capacity05 December 2013, Published under Cement NewsSino-Zimbabwe has completed phase one of its plant modernisation programme by increasing clinker production capacity by 40 per cent. Capacity of the plant has now been increased to 700tpd. Phase two of the project, due for completion this year, involves upgrades to warehouses and storage facilities. Further modernisation measures are planned for next year. The new project will also reduce energy consumption and the carbon footprint of the plant based 40km southwest of Gweru. Sino... |
PPC02 December 2013, Published under Cement NewsDespite rising electricity prices and depreciation pushing up input costs, South Africa’s PPC has posted an eight per cent rise in EBITDA to ZAR2500m (US$244m) for the year ending September 2013. Revenue growth increased by 13 per cent rise to ZAR8320m (US$811) for the period, while gross profit was up nine per cent at ZAR2700m (US$263m). Strong growth in South Africa and Zimbabwe bumped total cement sales for the period up by seven per cent. Cement now accounts for 86 per cent of the com... |
Lafarge03 October 2013, Published under Cement NewsLafarge has agreed the sale of its 53.3 per cent stake in its Honduras subsidiary Lafarge Cementos SA de CV to Cementos Argos for €232m, subject to the necessary official approvals. This represents an historic EBITDA multiple of 8.6. The company's assets include one integrated cement works with a capacity of 1Mta and an additional grinding centre with a 0.3Mta capacity. Lafarge Cement Zimbabwe saw first-half turnover decline by 6.1 per cent to US$32.2m and the EBITDA was off by 3.8 per ce... |