Cement News tagged under: southern Africa

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Huaxin increases Chilanga stake

26 July 2022, Published under Cement News

Huaxin Ltd has increased its shareholding in Zambia-based Chilanga Cement from 75 to 81.19 per cent following the purchase of 50,013,468 shares, according to the Times of Zambia. The company submitted a cash offer to the board of directors of Chilanga Cement to purchase from the minority shareholders, all the remaining 50,013,468 shares that did not own representation of 25 per cent shareholding.

PPC calls for SA government action on cement dumping

04 July 2022, Published under Cement News

PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under threat if the practice is left unchecked. PPC CEO Roland van Wijnen said that the Department of Trade, Industry and Competition should also consider broad import tariffs for cement to avoid new countries dumping cement and filling the void left by countries that have been subject to new dumping tariffs. “There will a...

PPC reports 11% increase in revenue in FY22

28 June 2022, Published under Cement News

PPC has reported group revenue for the 12 months ended 31 March 2022 of ZAR9882m (US$621.9m), an increase of 11 per cent YoY. Excluding Zimbabwe, group revenue was up five per cent, while revenue in PPC Zimbabwe alone advanced by 34 per cent on the back of a 28 per cent upturn in volumes. Profit before tax from continuing operations came in at ZAR186m, compared to ZAR1765m in the year-ago period, due in part to PPC Zimbabwe incurring a loss before tax of ZAR67m, and impairments of ZAR38m. ...

South Africa requests no cement price increases

27 June 2022, Published under Cement News

The South African government has asked the country's cement producers to commit to no price increases in return for the government approving safeguard action against cheap imports. The move has raised doubts about the success of an application made by a number of producers to the International Trade Commission back in August 2019, according to Moneyweb. The application was for a flat, non-country-specific tariff. The producers claim that the cost of doing business in South Africa is much ...

Lafarge Cement Zimbabwe to increase exports

24 June 2022, Published under Cement News

Lafarge Cement Zimbabwe made its first exports to Malawi and is expecting to build on the shipment to increase exports from Zimbabwe. “Because of our significant capacity, which is first of all oversized for the domestic market, growing demand in the region for this type of products, we are looking at, especially, (export) markets like Zambia and Malawi,” said CEO Geoffrey Ndugwa. “We just made our first exports to Malawi a few weeks ago, so we are feeling pretty good about the trend,” h...

Fossil to recapitalise Lafarge Zimbabwe

15 June 2022, Published under Cement News

Fossil Mining, the new owner of Lafarge Zimbabwe, has said it plans to keep the company on the Zimbabwe Stock Exchange once its takeover of the cement producer is completed. According to the company, it intends to recapitalise Lafarge Zimbabwe, leading to an increase in cement output. “Currently 40 per cent of Zimbabwe’s cement requirements are imported, an opportunity that Fossil wants to capitalise on by providing the market with readily available cement,” the company said, as reported in ...

Cheetah Cement ordered closure

13 May 2022, Published under Cement News

Namibia’s labour ministry has ordered Chinese-owned Cheetah Cement plant at Otjiwarongo to stop production due to health concerns. The ministry says a team of occupational safety, health and labour inspectors concluded after an inspection that the company's plant is an unsafe working environment. The ministry's acting executive director, Lydia Indombo, says the ministry identified shortfalls and contraventions in terms of health regulations, and that the company was instructed to make im...

South Africa’s long walk to recovery

08 February 2022, Published under Cement News

While 2021 saw some pick-up in South Africa’s cement market, analysts do not expect a full recovery before mid-2024. By Industry Insight, South Africa. As the COVID-19 mutation Omicron sweeps through the country, South African cement producers see market recovery postponed (Photo credit: AfriSam) The South African economy remains in crisis. Although there was a recovery in local production and consumption in 2021, record lows due to the COVID-19 pandemic and a lockdown-ravage...

South African cement imports up 19% in 11M21

01 February 2022, Published under Cement News

Cement imports into South Africa surged to their highest level in 2021 as they reached 161,555t in November despite the government drive to use domestically-produced product and banning imported cement from public sector construction projects. In October 2021 imports were significantly lower at 34,964t, down from 151,452t in the previous month. In the 11M21 imports volumes expanded 18.7 per cent YoY to 1.097Mt with product coming mainly from Vietnam and Pakistan.

PPC to build 30MW solar plant in Zimbabwe

27 January 2022, Published under Cement News

South Africa-based PPC will build a 30MW solar power facility at its Colleen Bawn clinker plant in Zimbabwe as part of its decarbonisation strategy. The clinker works will use 15MW for its own power needs and feed the balance into the Zimbabwean electricity grid. The project complements the Zimbabwean government’s drive to increase power generation in the country, important in achieving its Vision 2030 goals. Work on the solar plant is expected to start this year. “At Colleen Bawn in Z...