South Africa: PPC's 1H profits fall 66%
PPC Ltd reported a 66 per cent decline in half-year profit, hit by higher finance costs.
South Africa
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PPC
At a presentation at the RMB Morgan Stanley Big Five conference in Cape Town on 26 September, PPC outlined how despite group cement sales volumes advancing by seven per cent in ...
Zimbabwe: PPC's Harare plant to create growth opportunities
Pretoria Portland Cement (PPC) Zimbabwe says its new US$75m Harare plant wil be commissioned at year-end. PPC Zimbabwe Managing Director, Kelibone Masiyane, told NewsDay all was...
India: cement industry demand raises coal imports
The demand for coal with a high calorific value, primarily from the cement sector, combined with the doubling of clean environment cess has resulted in a shift in coal imports i...
South Africa: PPC sets terms for its US$280m rights issue
PPC has set terms for its ZAR4bn (US$280m) rights issue after the deal was almost unanimously approved by shareholders at the start of August.
PPC increase revenue and volumes in 3QFY15-16
PPC reported a nine per cent YoY rise in quarterly sales revenue, commenting that sales revenue in South Africa increased two per cent and volumes by at least nine per cent in t...
South Africa: AfriSam sees market potential for slag cements
Mike McDonald, manager of AfriSam’s Centre of Product Excellence, says that he expects demand for better-performing cements with a low clinker content to grow in South Africa. T...
PPC Zimbabwe plant project on track
According to CEO, Darryll Castle, the construction of PPC’s new plant in Zimbabwe remains on track for completion in 2016, despite riots in the country and restrictions remainin...
PPC
In the six months ended 31 March, 2016, PPC saw its group revenue dip by one per cent to ZAR4.5bn (US$294.01m). Group EBITDA was up by two per cent to ZAR1.1bn with an EBITDA ma...
South Africa: PPC lines up banks for rights issue
South African’s largest producer, PPC, has announced that it has come to an agreement with four banks to underwrite its proposed ZAR4bn (US$260m) rights issue, Reuters Africa re...