PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales
South Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline...
Zimbabwe
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Livetouch Investments starts production at Redcliff plant
Livetouch Investments has commenced cement production at its 410,000tpa capacity plant in Redcliff, Zimbabwe, a senior company executive said. Managing director Dongning Wan...
PPC raises prices and volumes
South Africa-based cement producer PPC said it improved effective selling prices in its South African cement business and is steadily increasing output at its operations in the...
PPC Zimbabwe's MD vows recent investments will come good
PPC Zimbabwe's Managing Director, Kelibone Masiyane, has spoken out on the long-term commitment to the local cement market and on its recent Harare and Colleen Bawn investments...
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 managemen...
Sino Zimbabwe sales boosted by housing developments
Sino Zimbabwe Cement realised a 10 per cent YoY increase in sales volumes in the second quarter of 2017 driven by housing developments across the country. Yong Wang, managing...
PPC
For the year ending March 2017, PPC saw its group revenue improve by five per cent to ZAR9641m (US$750m), compared to ZAR9187m in the previous year. EBITDA over the same period...
Dangote Cement
Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the...
PPC
PPC’s new cement grinding plant in Harare, Zimbabwe, is now officially open for business. The US$85m works was opened by President Robert Mugabe and marks the company’s third p...
New Zimbabwe plant begins production
Chinese company Livetouch Investments, has started production at its 400,000tpa capacity plant in Redcliff, Zimbabwe. Construction of the plant is part of Phase One of the c...