Cement News tagged under: South Africa
Sephaku Cement looks to cost-cutting measures despite net profit rise15 November 2018, Published under Cement NewsSephaku Holdings is embarking on a cost-reduction programme to reduce head office expenses over the next year. The initiative is in response to the current declining demand due to the depressed macro-economic performance. Initially, the board of directors have been cut from 10 to seven by not replacing Mpho Makwana, Rose Raisibe Matiju and Kennet Capes who resigned their positions recently. Sephaku Holdings has already posted an improved six-month performance to September, helped by it... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
Lafarge Africa posts 5% net sales increase18 October 2018, Published under Cement NewsLafarge Africa has recorded a five per cent increase in net sales for the 3Q18 period, rising to NGN72bn (US$198.3m) from NGN68.8bn. In the 9M18, net sales again advanced five per cent to NGN234bn. The positive performance in the third quarter was mainly driven by strong volume growth in Nigeria and favourable pricing trends in South Africa, according to the company. EBITDA for the 3Q18 was up 96 per cent YoY as a result of an improved performance in South Africa, while it fell eight per c... |
Haver & Boecker enters joint venture in South Africa03 October 2018, Published under Cement NewsHaver & Boecker has entered into a joint venture with South Africa’s Portland Packaging (Pty) Ltd, marking the first time a global, full-line packaging company has domestically manufactured products for the African market, according to a press release. “Bringing together the ingenuity and dedication of both of our manufacturing teams will be a huge benefit for Africa,” said Florian Festge, managing director, Haver & Boecker. “Customers will have nearly immediate access to packaging machi... |
Gebr Pfeiffer commissions Osho grinding mill25 September 2018, Published under Cement NewsGebr Pfeiffer has erected and commissioned an MVR grinding plant at Port Elizabeth, Eastern Cape, South Africa, for Osho Cement in just four months. Osho Cement is a joint venture with HeidelbergCement. The MVR 37750 C-4 mill was ordered in 2017 and is the first MVR mill in South Africa. The new mill will grind clinker at 110tph to a Blaine fineness of 3500cm 2 /g and 80tph of blastfurnace cement (CEM III-A) to 4500cm 2/ g according to Blaine. The mill also has an SLS 3750BC high-ef... |
CEM-blanc is launched by Chryso subsidiary in South Africa23 August 2018, Published under Cement Newsa.b.e. Construction Chemicals has launched 'abe CEM-blanc', a new economical white cement which is being made available to the South African retail market. Elrene Smuts, communications manager for the Chryso Group, says abe CEM-blanc is a general-purpose white Portland cement that provides superior early-strength with added aesthetic and decorative opportunities offered by its colour tone, high strength and durability. Smuts says a.b.e.'s new imported product is compatible with a wide ra... |
BI supplies KÖBO chains to South African projects23 August 2018, Published under Cement NewsBearings International (BI) has supplied a large order of KÖBO chains to cement producers in the North West and the Western Cape of South Africa. The order consisted of a bucket elevator, coal reclaimer, and hot pan conveyor chain. In total, BI supplied 80m of coal reclaimer chain, 93m of bucket elevator chain, 90m of elevator chain, and 120m of hot pan conveyor chain. The bucket elevator chain was supplied to cement producers in both the Western Cape and the North West, while the pan conve... |
Sephaku Cement reports 25% fall in net profits28 June 2018, Published under Cement NewsSephaku Cement (Dangote group) reported a 35 per cent slump in net profit to ZAR44m (US$31.7m) on a one per cent decline in revenue to ZAR831m for the year to end-March. "We experienced a challenging operating year as competition in the ready-mix concrete segment intensified characterised by lower volumes and marginal improvement in pricing," Sephaku CEO, Lelau Mohuba, said in the results statement. "The scenario was much more positive on the cement front with improved industry annual pric... |
PPC expects profit increase in FY1818 June 2018, Published under Cement NewsSouth Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) of the previous year. However, the group’s EBITDA from operations is expected to decline by 5-12 per cent YoY. "Group EBITDA has been negatively impacted by costs related to corporate action, restructuring and separation costs, which were communicated previously. Excluding this impact and the fluctuation in exchange... |
Mozambique customs service seizes 1440t of cement at border14 June 2018, Published under Cement NewsThe Mozambican customs service has defended the seizure on 2 June of 28,800 sacks of cement (1440t) imported from South Africa, despite the insistence by the importing company, Kawena, that such imports are exempt from customs duty. The press attaché of the National Customs Directorate, Fernando Tinga, said that the seizure of the imported cement was because Kawena did not present the legally-required documentation at the time. The train hauling the wagons loaded with cement entered Mozambi... |