AfriSam submits revised PPC merger offer
South Africa’s cement maker AfriSam has submitted a revised merger approach to larger domestic rival PPC, the company said on Monday.
South Africa
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South African merger talks: make or break?
Following the collapse of a second round of talks between South Africa's two leading cement producers on a proposed merger, will AfriSam's expected new proposal be enough to pus...
AfriSam to come up with new merger plan
Merger talks between South African cement producers AfriSam and PPC have been terminated after AfriSam retracted the heads of terms (HoT) that were entered into in February. PPC...
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.
Changes to PPC executive team
PPC has appointed Njombo Lekula as managing director of its Southern African Cement division. Previously the managing director of Rest of Africa Cement, Mr Lekula has been with ...
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 revenue growth supported by rest of Africa cement business
PPC reported that group revenues for the year ending March 2017 rose by five per cent to ZAR9641m (US$750m). The growth was supported by the rest of Africa cement business where...
Lafarge Africa revenue rises
Lafarge Africa Plc announced a profit after tax of NGN5.2bn (US$17m) versus NGN1.9bn in the same period of last year driven by an increase in revenue, comparatively higher gross...
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...
Pakistan sees decline in 1HFY17 cement exports to South Africa and Afghanistan
Pakistan cement exports revenue continued their downward trend, with most of the 14.4 per cent YoY decline in 1HFY17 (July-December) due to two markets, South Africa and Afghani...