Cement News tagged under: Zimbabwe

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Zimbabwe: PPC commissions its Harare grinding unit

15 November 2016, Published under Cement News

PPC Zimbabwe says it expects to increase exports into the region after commissioning a US$85m grinding plant in Harare which will double the firm’s cement production capacity to 1.4Mta. "We have to intensify our efforts to try capture that market but already we are at a disadvantage because the manufacturing cost in Zimbabwe is pretty high. So to compete in those markets will be pretty difficult but we are looking at the benefits that will come from this increased capacity," said PPC Z...

PPC

19 October 2016, Published under Cement News

Effective 1 October 2016 Zimbabwe's authorities have introduced a tariff of US$100/t on cement imports. The move comes after a number of cement producers, including PPC, warned that they may have to consider scaling down or closing their operations due to the influx of cheap imported cement. Zimbabwe is reportedly importing cement from Botswana, South Africa and Zambia despite the country’s cement production capacity being more than sufficient to meet domestic demand.  Darryl Castle, chie...

Zimbabwe: clinker loading to be upgraded at PPC's Colleen Bawn plant

19 October 2016, Published under Cement News

ELB Engineering Services Africa (ELB) has been entered into a contract with PPC Zimbabwe to upgrade its Colleen Bawn plant's clinker loading in Zimbabwe by reducing airborne dust volumes. ELB’s scope of supply for this project includes the design, procurement, delivery, installation and management of a complete clinker loading upgrade project. The focus of the upgrade will be environmental management to eliminate the excessively high dust volumes generated during the process of loading rail...

Zimbabwe: PPC threaten shutdown over cheap cement imports

30 September 2016, Published under Cement News

Darryl Castle, PPC chief executive, has told the Zimbabwean government to curb imports of cement, or his company will close its mining operations in the country and import finished cement from South Africa. According to Bulawayo 24 News, cement producers in Zimbabwe are pushing the government to lower duty on raw material imports and to cancel – or at least review – all current import permits. The government has said it will impose a tariff of US$100/t on imported cement effective from...

Lafarge Zimbabwe losses increase to US$2.2m

30 September 2016, Published under Cement News

Lafarge Zimbabwe has announced a 1H16 loss of US$2.2m, an increase from the 1H15 US$1.3m loss, the Insider reports. Competition from cheap imported cement and rising output from other domestic producers had had an impact on profits, as had softening demand caused by Zimbabwe’s economic difficulties, said the company. Despite this, sales revenues for the first six months of the year were up slightly, rising by 4.3 per cent to US$26.5m. Lafarge Zimbabwe Board Chair, Kumbirayi Katsande...

Zimbabwe: PPC's Harare plant to create growth opportunities

15 September 2016, Published under Cement News

Pretoria Portland Cement (PPC) Zimbabwe says its new US$75m Harare plant wil be commissioned at year-end. PPC Zimbabwe Managing Director, Kelibone Masiyane, told NewsDay all was set for the biggest project to roar into life by the end of the year. The new facility will produce 0.68Mta of cement. "The Harare Msasa project is at an advanced stage, with commissioning already in progress and plant handover is on schedule for year-end," he said. "The new plant in Harare creates opportunities f...

Zimbabwe: SZCC demands deeds to land

13 September 2016, Published under Cement News

Sino-Zimbabwe Cement Company (SZCC) has requested that government grant it the title deeds for Indiva Farm, where the company is located. The state-owned Industrial Development Corporation of Zimbabwe (IDCZ) provided SZCC with the land in 2001 when it first began operations, however the deeds were never officially transferred to the company and therefore Indiva Farm is still considered state land. As a result SZCC claims it is failing to access lines of credit on the grounds of the absenc...

Zimbabwe: SZCC considers cutting shifts as downturn hits sales

09 September 2016, Published under Cement News

The Sino Zimbabwe Cement Company (SZCC), which operates an integrated plant in Gweru in central Zimbabwe, has said that it is considering reducing the number of shifts at the facility from three to just one in the face of declining sales. Zimbabwe’s economy has suffered from a prolonged drought, while manufacturers have also had to contend with smuggled cement from South Africa. Speaking to the Business Chronicle, SZCC managing director, Wang Yong, said: “We have a significant decrease...

Chinese firm invests in Zimbabwe

26 August 2016, Published under Cement News

Mortal Investments Manufacturing Co announced that it is constructing a 1Mta plant in Redcliff, Zimbabwe. The arrival of the Chinese firm in the country is expected to intensify competition in the market that has been dominated by Lafarge and PPC. Mortal Investments is the second producer to invest in the region, following the lead of Sino-Zimbabwe Cement. This is positive news for locals, as it will bring a further 400 jobs to a town that has been struggling with high levels of unemploym...

PPC

24 August 2016, Published under Cement News

Following S&P Global Ratings slashing PPC’s rating to ‘junk’, PPC shareholders have unanimously approved a ZAR4bn (US$285m) capital raising to help relieve short-term pressure on the company’s balance sheet. PPC’s debt is expected to reach ZAR10-12bn by 2017. This comes hot on the heels of news that the company’s share price has halved during 2016 so far to ZAR7.92. Despite this, the company’s new plant in Zimbabwe remains on track for completion this year. Riots in the country and restri...