PPC and subsidiaries record double-digit growth in July
PPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe...
South Africa
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Lafarge Cement Zimbabwe ordered to shut plant by EMA
The Environmental Management Agency ordered Lafarge Cement Zimbabwe (LafargeHolcim group) to close its 0.45Mta Manresa plant last week, because of abnormal dust discharges. Lafa...
PPC considers restructuring and refinancing options
Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders befor...
South Africa needs to overcome alternative fuel challenges
South Africa still has barriers it needs to overcome to make alternative fuels more accessible for cement producers. While Natal Portland Cement (InterCement group) has redesign...
Dangote's 1H20 results see 2% revenue growth
Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent to...
South African cement sector is operating in survival mode
Bheki Mthembu, head of the inland business unit of PPC, says the lack of large-scale construction projects in South Africa has left cement producers heavily dependent on residen...
Lafarge Cement Zimbabwe sees revenue advance 104%
Lafarge Cement Zimbabwe saw its profit for 2019 rise to US$178m, while volumes remained flat YoY at 323,000t. Gross profit increased 251 per cent to US$496m from US$141m in 2018...
PIC reduces shareholding in PPC
PPC's largest shareholder, Public Investment Corp (PIC) has reduced its shareholding in the South African cement producer from 25 to 19.92 per cent. "The PIC’s disposal of share...
African cement escapes the pandemic; structural issues remain
Cemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika ...
AfriSam now permitted to supply certain customers
As South Africa has lowered its national coronavirus lockdown to Level 4, the supply of cement and other construction materials can now reach specific markets, according to Engi...