Cement News tagged under: Sephaku Cement
Sephaku Cement posts 16% fall in profits in 201723 March 2018, Published under Cement NewsDangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Africa-based company turned a profit of ZAR73.9m in the 2H17, compared with a loss of ZAR16.1m in 1H17, resulting in full-year profit of ZAR58.7m. This was a 16 per cent decrease on the previous year’s profit of ZAR68.9m. EBITDA for the full year was 21.3 per cent, compared with 23.1 per cent in 2016. Sephaku Cement stat... |
South Africa: Sephaku revenue up 36%29 June 2015, Published under Cement NewsDangote-backed Sephaku Cement said on Friday that its revenue for the year ended March rose by 36 per cent as EBITDA increased by 39 per cent to ZAR139m (US$10.2m). Operating profit soared 44 per cent to ZAR109m, with profit after tax up 57 per cent. The group recorded a profit before tax of ZAR72m and net profit of ZAR47m. Sales revenues came mainly from the Delmas milling plant which reached a steady state of production in November 2014. Clinker and cement production at Aganang commenced... |
Sephaku launches production at Delmas plant16 January 2014, Published under Cement NewsSephaku Cement began commercial production at its Delmas grinding plant on 6 January 2014 following a successful commissioning phase, Sephaku Holdings has announced. The Delmas plant, situated in east of Gauteng, is expected to ramp up capacity to 1.4Mta by mid-2014. CEO, Dr Lelau Mohuba, said: "This has been a nine-year journey and we are pleased to finally have our cement brand in the market. We are proud of SepCem's highly experienced operational team for attaining this key milestone in... |
Sephaku Cement grinding project on-track04 December 2013, Published under Cement NewsSephaku Cement said its new grinding plant near Delmas in Mpumalanga, South Africa, is 95 per cent complete and is on-track to start production early in the new year. The 1.4Mta facility will be launched ahead of the company’s 1.2Mta integrated Aganang plant in Lichtenburg, North West. Recent cold commissioning milestones at the Delmas grinding plant have included the starting of the mill motor, ID fan and mill separator, Heinrich de Beer, engineering project manager at Sephaku Cement has ... |
South Africa: Sephaku to start Lichtenburg quarry21 November 2013, Published under Cement NewsSephaku Cement is scheduled to start quarry operations near Lichtenburg, South Africa, early in the New Year. A contractor for the mining work is still to be named, but Pieter Fourie, CEO of Sephaku Cement, said the first limestone would be produced in March 2014. “We’ve outsourced the mining and we’ve also included in their scope, empowerment and enterprise development,” Fourie said. Work has begun on the main haul road and mining will take place on three faces to assure the correct qual... |
Dangote 3Q revenue rises on strong domestic demand11 November 2013, Published under Cement NewsDangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria. According to the unaudited results, profit before tax (PBT) rose to NGN151.73bn (US$957.9m) compared to NGN106.43bn in 2012, while operating profit rose by 36.4 per cent to N156.89bn. Revenue for the period rose to NGN64bn compared to NGN244.50bn in the preceding year. Commenting on the results, Group Managing Director, Dangote Cement, Devakumar Edwin, said the co... |
Sephaku Cement's two projects on track for 2014 completion01 July 2013, Published under Cement NewsThe construction of Sephaku Cement's ZAR3.2bn (US$322m) Delmas grinding plant and the Aganang clinker and cement works in South Africa are both at an advanced stage of development and are on schedule to commence production in the first two quarters of 2014. In a recent report the Dangote subsidiary said that the 1.4Mta Delmas cement milling plant in Mpumalanga is on-track for completion in the final quarter of 2013, with production due to start in January 2014. The grinding works will rece... |
South African competition set to intensify10 December 2012, Published under Cement NewsThe South African cement sector is set to see increased competition from the end of next year when Sephaku Cement starts production. The company is set to be the first new market entrant since 1934 through the construction of its new Aganang cement plant. It is also constructing a grinding mill near Delmas, Mpumalanga and “We look like we will produce 2.5Mta from the end of next year,” , CEO Pieter Fourie told local press. The Aganang works, near Lichtenburg in the North West Province,... |
Sephaku Cement secures cement project funding, South Africa22 October 2012, Published under Cement NewsSephaku Cement had concluded a ZAR1.95bn (US$226m) funding deal with Standard Bank and Nedbank which will be put towards new capacity in South Africa. The 10-year funding deal would provide Sephaku Cement, which is developing a production facility in the northwest and a grinding facility in Mpumalanga, with the required capital to enter the cement market. Of the total debt capital raised, just over 50 per cent of total procurement spend would be invested locally. Aganang, near Lichte... |
Sephaku cement project on track, South Africa28 March 2012, Published under Cement NewsConstruction work at Sephaku Cement’s new Aganang plant near Lichtenburg is gathering pace, a company official has said. Engineering News (EN) reported Aganang project manager, Werner Kieweg, as saying that its Chinese contractor, Sinoma International Engineering, currently had about 238 Chinese employees on site and about 38 local workers. At the peak of construction – expected in January 2013 – some 500 local workers and 1000 Chinese employees are expected to be employed on the project.... |