PPC reports revenues of ZAR10.4bn in FY19
PPC has reported revenue up one per cent in the FY19 ended 31 March, rising to ZAR10.4bn (US$772.7m), while EBITDA increased four per cent to ZAR1.9bn. PPC's overall cement volu...
Business Results
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PT Indocement
Cement consumption in Indonesia is expected to grow by 6-8 per cent YoY in the second half of 2019, according to PT Indocement. For the full year 2019 the growth figure is forec...
PT Semen Indonesia
In May 2019 the Semen Indonesia group sold a total of 3,353,940t of cement and clinker. This compares to 3,058,721 in the previous month and 2,840,181t in May 2018. Semen Indone...
Sephaku Cement set to increase prices this month
South Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The assoc...
PPC announces new CEO and delays annual results presentation
South Africa’s PPC has appointed Roland van Wijnen as its new CEO after a search that began in November 2018 when Johan Claassen announced he would be retiring from the role. "W...
Lafarge Africa narrows loss to NGN8.8bn in 2018
Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of N...
VICEM reports 5% rise in 1H sales
State-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, repre...
Bulgaria’s Zlatna Panega swings to BGN2.7m net profit
Titan-owned Zlatna Panega Cement reported a non-consolidated net profit of BGN2.7m (US$1.6m) in 2018, a significantly-improved result when compared with the non-consolidated net...
Tanzania Portland Cement reports increased profits for 2018
Tanzania Portland Cement (TPC PLC), also known as Twiga Cement, recorded a 28 per cent YoY increase in operating profit for 2018, rising to TZS80.06bn (US$34.8m) from TZS62.67bn...
Chia Hsin Cement Corp posts 21% fall in revenues in May
Chia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For t...