PPC's group revenue impacted by Zimbabwe
PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from...
Zimbabwe
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PPC
Imports of cement into South Africa have risen once again, up by 293 per cent YoY in July, putting the increase for the first seven months of the year at 17.5 per cent, despite...
Livetouch International seeks production increase
Zimbabwean cement producer Livetouch International, part of Diamond Cement, plans to increase its cement capacity utilisation rate from the current 45 per cent. The Redcliff-...
PPC
PPC Zimbabwe is planning to invest some of its dividends in government bonds to increase local procurement, according to the company. PPC currently runs three plants in the cou...
Lafarge Zimbabwe invests US$25m to improve utilisation
LafargeHolcim group has unveiled a US$25m investment programme to increase utilisation at its subsidiary Lafarge Cement Zimbabwe. However, Lafarge Cement Zimbabwe said the h...
Lafarge Zimbabwe obtains US$30m loan
Lafarge Cement Zimbabwe has obtained a long-term US$30m facility from its parent company to enable settlement of outstanding obligations, according to The Zimbabwe Independent....
Zimbabwe's construction contracts in 4Q18
Zimbabwe's construction industry contracted by 6.3 percentage points last year. A Treasury report cited cement shortages and high prices of construction materials for the slowd...
PPC
S&P Global Ratings has downgraded PPC to one notch above non-investment grade due to the poor performance of its South Africa business. Weaker-than-expected profitability in th...
Livetouch Investments plans new US$30m plant in Zimbabwe
Livetouch Investments has announced plans to invest US$30m for a new plant in Hwange, Zimbabwe. The facility is expected to be set up by the end of the year and would run along...
PPC Zimbabwe calls on government to protect local cement production
Zimbabwe’s largest cement producer, PPC Zimbabwe, has called on the government to pass legislation to protect domestically-produced cement from imports. Last year, the govern...