Cement News tagged under: South Africa
South Africa's carbon tax: an opportunity for eco-cements10 June 2019, Published under Cement NewsOn 26 May 2019, President Cyril Ramaphosa signed off South Africa's Carbon Tax Act, which came into effect on 1 June. The financial impact on South Africa's cement sector should intensify carbon emission reduction programmes and accelerate the trend towards the production of eco-blended cements, but it could also have a negative effect of encouraging cheaper imports. In this first phase, a tax of ZAR120/t (US$8/t) of CO 2 emitted will be in place. However, polluters receive 60-95 per cent ... |
South Africa's carbon tax: an opportunity for eco-cements07 June 2019, Published under Cement NewsOn 26 May 2019, President Cyril Ramaphosa signed off South Africa's Carbon Tax Act, which came into effect on 1 June. The financial impact on South Africa's cement sector should intensify carbon emission reduction programmes and accelerate the trend towards the production of eco-blended cements, but it could also have a negative effect of encouraging cheaper imports. In this first phase, a tax of ZAR120/t (US$8/t) of CO 2 emitted will be in place. However, polluters receive 60-95 per cent ... |
Raysut Cement targets expansion outside Gulf region28 May 2019, Published under Cement NewsRaysut Cement Co aims to build on its recent acquisition of Sohar Cement by expanding into Africa and India. Raysut Cement's Chief Executive, Joey Gosh, signalled that further expansion for the Oman cement producer was planned in 2019. Having acquired Sohar Cement Factory LLC for US$60m, Oman Cement is now looking outside of its domestic market. "We are looking at an aggressive expansion strategy from 2019 with a view to eventually expand our production to 20Mta," said Mr Gosh. The indian ... |
Dangote Cement22 May 2019, Published under Cement NewsThe first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ... |
Dangote Cement sees volumes rise, revenues down in 1Q1929 April 2019, Published under Cement NewsDangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua... |
AfriSam expects carbon tax to boost slagment sales24 April 2019, Published under Cement NewsAfriSam is helping to support customers seeking to reduce their carbon footprint with its 'slagment', which is expected to see an increasing rise in popularity following the new carbon tax in South Africa, which comes into force in June 2019. AfriSam's dedicated slagment plant in Vanderbijlpark has the capacity to produce over 0.8Mta of slagment, along with over 0.2Mt of blended cementitious products. For over half a century, AfriSam has produced its trade-named 'slagment' from ground granu... |
Pakistan's exports to South Africa fall after anti-dumping duty18 April 2019, Published under Cement NewsPakistan’s cement exports to South Africa have significantly fallen over the last two years as a result of the anti-dumping duty imposed by the South African government, according to Mohammad Rafiq Memon, chairman of the Pakistan-South Africa Business Forum (PSABF). The value of cement exports to the country has reportedly decreased to around US$100-150m from US$700m recorded prior to the imposition of the duty. "We are trying our best to get this issue resolved but Pakistan’s Ministry of... |
Matsiloje Cement MD claims his company was not protected16 April 2019, Published under Cement NewsRacjit Josh, managing director of the closed Matsiloje Portland Cement (MPC) plant, has said that it would be difficult to reopen the plant without government support to restrict cement imports. The Botswana factory, which is owned by Nortex Textiles, closed in January 2018 due to competition from South African imports and 150 people lost their jobs. In June last year, the Ministry of Industry, Trade and Investment said that it was in the process of introducing restrictions on the importa... |
ARM Cement expected to sell shares in Mafikeng Cement10 April 2019, Published under Cement NewsARM Cement is expected to sell its 70 per cent stake in South African subsidiary Mafikeng Cement (Pty) Ltd. PriceWaterhouseCoopers, which is administering ARM Cement, has started preparations to dispose of the stake in Mafikeng Cement for KES300m (US$2.974m). The Mafikeng plant was to be established with a cement capacity of 1Mta and ARM Cement invested KES75m in the company to buy a controlling stake in 2010. The project includes mining rights to limestone reserves in the northwest of Sout... |
LafargeHolcim Algeria ships first white cement exports to South Africa07 March 2019, Published under Cement NewsLafargeHolcim Algérie loads its first white cement shipment onboard for export LafargeHolcim Algérie has carried out its first exports of white cement from Oran, Algeria, to South Africa. A consignment of 10,000t of “Super White” cement, produced in the company’s Oggaz plant, was shipped to Cape Town. The shipment is part of the company’s export programme, launched in 2018. In the run-up to 2021, LafargeHolcim expects to export 10Mt of grey cement clinker to west Africa. |