Cement News tagged under: Pretoria Portland Cement
Rwanda: PPC revenues boosted by Cimerwa05 July 2016, Published under Cement NewsCimerwa Ltd’s contribution to Pretoria Portland Cement’s (PPC) revenues helped cushion the company’s turnover in the six months ending 31 March 2016. According to the Johannesburg Stock Exchange, PPC holds a 51 per cent stake in the Rwandan cement company. While PPC’s results show bases in Botswana, South Africa and Zimbabwe were depressed due to a shrinking market and falling prices, a recently-commissioned plant in Rwanda added almost ZAR200m (US$13.5m) to the group’s revenue. Despit... |
PPC appoints general manager for Jupiter plant, South Africa19 December 2012, Published under Cement NewsBusi Legodi has been appointed as PPC Ltd's first black female general manager to oversee operations at its Jupiter plant in Germiston. Legodi has been with the company for 17 years, having started out at the Hercules plant in Pretoria, as a Laboratory Assistant. She has since held positions in several divisions, ranging from chemical to quality control and packaging logistics. Prior to her recent appointment, Legodi was the Production Manager at the Hercules plant. “Providing equal opp... |
Barloworld gets 44 Freighliner Columbia truck tractor14 December 2012, Published under Cement NewsBarloworld Logistics has taken delivery of 44 Freightliner Columbias as part of its owner-driver programme for Pretoria Portland Cement (PPC), South Africa. A fleet of 44 Freightliner Columbia truck tractors were delivered to 27 owner-drivers and 17 drivers of Barloworld Logistics, at the PPC factory in Dwaalboom recently. This handover by John Williams Motors Bloemfontein marks the renewal of a five-year contract with Barloworld Logistics for rigs to service PPC Cement at this factory... |
PPC buys majority stake in Rwanda cement producer13 December 2012, Published under Cement NewsSouth Africa’s leading cement producer Pretoria Portland Cement (PPC) has acquired a 51 per cent equity stake in Rwanda-based cement producer Cimerwa Ltd. The deal is worth a total cash consideration of US$69.4m. Cimerwa is situated in southwestern Rwanda and is the African country’s sole cement producer. It has a current capacity of 100,000tpa and is constructing a 600,000tpa expansion that will be commissioned in 2014. In addition to shareholder equity contributions‚ Cimerwa is in t... |
Zimbabwe’s PHL agrees ownership deal with government20 November 2012, Published under Cement NewsPPC-owned cement producer Portland Holdings Ltd (PHL) has agreed an ownership deal with the Zimbabwean government and plans to invest US$200m to expand its operations in the country. PPC said the deal followed a series of engagements between PHL and the Economic Empowerment Ministry which culminated with the approval of an empowerment plan that complied with the indigenisation legislation. Zimbabwe’s indigenisation and empowerment laws require foreign-owned firms to sell at least 51 pe... |
South Africa: Vietnam cement imports investigated15 November 2012, Published under Cement NewsThe National Regulator for Compulsory Specifications (NRCS) has confiscated some sub-standard cement imported into South Africa from Vietnam and is investigating complaints lodged about the quality of two other imported brands. Daniel Ramarumo, a NRCS spokesman, confirmed yesterday that it had received complaints from NPC-Cimpor about Vietnamese cement, which was “later confiscated by the regulator” on 23 August. This incident follows the NRCS's admission on 7 August that some 50kg bags ... |
South Africa: PPC eyes African cement growth14 November 2012, Published under Cement NewsAs South Africa entered a potentially slow growth year, rising cement demand in the rest of Africa presented strong growth opportunities for Pretoria Portland Cement (PPC), said outgoing CEO Paul Stuiver. PPC views a number of African countries, particularly Zimbabwe as good growth stories, aimed to enter four new markets in the eastern region of Africa in 2013. While the details of the potential acquisitions and greenfield projects could not be disclosed owing to confidentiality agreement... |
PPC appoints Ketso Gordhan as CEO, South Africa12 October 2012, Published under Cement NewsThe board of directors of PPC has announced the appointment of Mr Ketso Gordhan to the Board as Chief Executive Officer Designate from 1 November 2012. He will succeed Mr. Paul Stuiver as Chief executive Officer from 1 January 2013. PPC Group Chairman, Bheki Sibiya, commented: "While earlier this year we extended the time frame to finalise the process for appointing the new CEO we believe it was very worthwhile as we are delighted now to appoint Ketso as the next CEO. My PPC colleagues an... |
PPC clears second phase of BEE deal, South Africa02 October 2012, Published under Cement NewsSouth Africa-based Pretoria Portland Cement (PPC) said on Friday that all conditions set for the ZAR1.1bn (US$131.7m) second phase of its broad-based black economic empowerment (BEE) transaction had been fulfilled. The deal, which was announced in July, will give the cement and lime producer an effective 26 per cent black ownership, as required by the mining charter, enabling it to convert its old order mining rights to new order rights. The first phase of the deal in 2008 resulted in 1... |
South Africa's PPC invests in Ethiopian cement firm26 July 2012, Published under Cement NewsSouth Africa's Pretoria Portland Cement and a state investment body South Africa’s Industrial Development Corporation (IDC) have jointly secured a 47 per cent equity stake in the Habesha Cement Share Company (HCSCo) of Ethiopia. PPC’s US$12m cash investment secures 27 per cent in HCSCo and is a significant step in PPC’s African expansion strategy. This is PPC’s first investment into the Ethiopian and east African cement market. The IDC will simultaneously invest US$9m for a 20 per cent stak... |