PPC posts 23% drop in EBITDA
PPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six mo...
South Africa
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Sephaku Holdings posts net profit after tax of ZAR26.7m
Sephaku Holdings (Dangote Group) has posted net profit after tax of ZAR26.7m (US$1.54m) for the six months ended 30 September, building on the net profit after tax of ZAR17.8...
Lafarge Cement Zimbabwe expects to double cement production volumes in 2023
Lafarge Cement Zimbabwe is planning to double its cement production volumes in 2023 following the expected 4Q22 startup of its new vertical roller mill. “The commissioning p...
PPC Group revenues rise 9%
PPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation ...
Lafarge Zimbabwe Cement's new mill awaits hand-over
Lafarge Zimbabwe has completed the construction of a new mill that will double its cement manufacturing capacity at its Manresa plant , but it cannot use the new grinding sy...
Cheetah Cement Botswana to reduce country's cement imports
Cheetah Cement Botswana (Pty) Ltd, which includes investment from Chinese backers, has promised to play a crucial role in helping Botswana cut its cement imports to zero. B...
Dangote Cement's regional volumes fall by 11% in 1H22
Dangote Cement 's pan-African volumes reduced by 11 per cent to 4.9Mt from 5.5Mt in the 1H22 due to increased supply chain challenges and maintenance activities. The best-...
PPC calls for SA government action on cement dumping
PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under th...
PPC reports 11% increase in revenue in FY22
PPC has reported group revenue for the 12 months ended 31 March 2022 of ZAR9882m (US$621.9m), an increase of 11 per cent YoY. Excluding Zimbabwe, group revenue was up five pe...
South Africa requests no cement price increases
The South African government has asked the country's cement producers to commit to no price increases in return for the government approving safeguard action against cheap impo...