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...
South Africa
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PPC to shut down kiln to meet emission standards
South Africa’s PPC has stated that it expects to pay around ZAR120m (US$8.5m) as a result of the new carbon tax and will also shut down a kiln at its Port Elizabeth (PE) facilit...
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...
South Africa's carbon tax: an opportunity for eco-cements
On 26 May 2019, President Cyril Ramaphosa signed off South Africa's Carbon Tax Act, which came into effect on 1 June. The financial impact on South Africa's cement sector should...
South Africa's carbon tax: an opportunity for eco-cements
On 26 May 2019, President Cyril Ramaphosa signed off South Africa's Carbon Tax Act, which came into effect on 1 June. The financial impact on South Africa's cement sector should...
Raysut Cement targets expansion outside Gulf region
Raysut Cement Co aims to build on its recent acquisition of Sohar Cement by expanding into Africa and India. Raysut Cement's Chief Executive, Joey Gosh, signalled that further e...
Dangote Cement
The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN...
Dangote Cement sees volumes rise, revenues down in 1Q19
Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and g...
AfriSam expects carbon tax to boost slagment sales
AfriSam is helping to support customers seeking to reduce their carbon footprint with its 'slagment', which is expected to see an increasing rise in popularity following the new...