PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales
South Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline ...
Ethiopia
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Habesha Cement forced to halt production
Habesha Cement, has halted its cement production at its plant near Holeta city, Oromia State due to a security threat. The decision was made after young anti-government protesto...
Dangote earns US$86m in revenues from Ethiopia
Dangote Cement earned revenues of more than US$85.8m from its plant in Ethiopia in the financial year that ended 8 July.
PPC Zimbabwe achieves record cement volumes
PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare.
PPC 1Q17 results in line with expectations
PPC revenue for the period ended 30 June 2017 (1Q17) is ahead YoY while group EBITDA is in line with the year-ago period. The advance has been attributed to good cost management.
PPC
For the year ending March 2017, PPC saw its group revenue improve by five per cent to ZAR9641m (US$750m), compared to ZAR9187m in the previous year. EBITDA over the same period ...
Dangote Cement
Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the ...
Dangote to seek intervention on Oromia order
Dangote Cement Plc is to seek intervention regarding the state of the Ethiopian state of Oromia's order calling on cement makers to hand over control of some parts of their busi...
PPC
PPC’s new cement grinding plant in Harare, Zimbabwe, is now officially open for business. The US$85m works was opened by President Robert Mugabe and marks the company’s third pr...
PPC achieves two major milestones as part of its expansion strategy
As part of its expansion strategy, PPC announced this week the inauguration of its Ethiopian operation, Habesha Cement, and the first truck dispatch load of saleable cement from...