Jabu Moleketi nominated for PPC chairman
South Africa’s PPC has received nominations for Jabu Moleketi for the position of chairman of the board to succeed Peter Nelson as it aims to “strengthen the board with its stra...
South Africa
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PPC
PPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITD...
PPC records sales growth
PPC reported that it has seen its sales volume grow by over 20 per cent YoY in Rwanda and Zimbabwe, for the nine-month period ended 31 December 2017.
PPC improves liquidity position
PPC has rescheduled the debt related to its new plant in the Democratic Republic of Congo, improving its liquidity position.
India becomes second-largest market for Pakistani cement exporters
Pakistan’s cement exports to India grew by 26.3 per cent in FY17. Since beginning in 2010, India has become the second-largest market for cement exporters, with a 27 per cent sh...
Lafarge Africa to sell SA unit?
Lafarge Africa could put up its South African unit for sale, according to analysts at Exotix Capital. Proceeds of the sale could then be used to strategically shore up and stabi...
LafargeHolcim
The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing in a US$140Mta cement works that it is building in Nepal.
LafargeHolcim withdraws from further talks with PPC
LafargeHolcim has ended talks with South Africa’s PPC about a potential deal, said the Swiss cement producer in a brief statement. The step comes only a day after Canada’s Fairf...
Fairfax drops plans to buy 23% of PPC
Canada's Fairfax Africa Investments Proprietary Ltd has pulled out of its attempt to buy 23 per cent of South African cement producer PPC for ZAR2bn (US$146.34m), PPC said on Mo...
CRH exits PPC talks but LafargeHolcim discussions continue
Irish cement producer CRH has decided to pull out of the process to bid for rival PPC, the South African company said on Thursday. Last month, CRH made an undisclosed cash bid f...