Cement News tagged under: South Africa
PPC26 January 2016, Published under Cement NewsPPC, along with AfriSam, Lafarge and NPC Cimpor, has been instrumental in imposing new duties on cement imports arriving in South Africa that originate in Pakistan. A final ruling by the International Trade Administration Commission of South Africa stated that Portland cement originating in or being imported from Pakistan was being dumped into the South Africa Customs Union (SACU), causing material injury to the SACU cement market. According to the ruling, material injury includes price ... |
PPC23 December 2015, Published under Cement NewsEthiopia’s Habesha Cement, in which PPC has a majority stake, has announced that construction is underway at its new 1.4Mta plant. The plant, which will serve the Addis Ababa market, is reportedly 53 per cent complete and due for commissioning in 2Q17. Future development plans include doubling production capacity at the works as cement demand steps up. The Ethiopian government is planning to focus on infrastructure development, industrialisation and housing in a bid to improve the coun... |
ITAC announces final anti-dumping duties23 December 2015, Published under Cement NewsSouth Africa has imposed final anti-dumping duties on Portland cement originating in or imported from Pakistan, ranging between 14.29 and 77.15 per cent, effective 18 December 2015. The duties will remain in place for a period of five years, unless a review process takes place. The decision follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after local producers AfriSam, Lafarge Industries South Africa, NPC Cimp... |
Ethiopia: Habesha’s new plant project shows steady progress22 December 2015, Published under Cement NewsPPC recently announced that construction at the 1.4Mta works of Habesha Cement, Ethiopia, is well underway with overall project progress estimated at around 52 per cent. Civil construction at the plant, which will serve the Addis Ababa market, is 45 per cent complete and mechanical erection has started. Some 90 per cent of equipment has been manufactured to date and 70 per cent of this has been delivered to site, according to the South African parent company, which holds a 51 per cent sta... |
PPC01 December 2015, Published under Cement NewsIn its results for the year ended 30 September 2015, PPC has reported a “significantly improved second half financial and operational performance”. Revenue has advanced by two per cent to ZAR9227m (US$642.6m) while EBITDA has grown by 0.2 per cent to ZAR2362m. Following a 45 per cent decline in 1H15, net profit then improved by 23 per cent in the second half, ending the year down by 17 per cent at ZAR698m. Cement sales over the period fell by two per cent while aggregates slipped by five per... |
Pakistan challenges SA anti-dumping duty decision20 November 2015, Published under Cement NewsPakistan's Ministry of Commerce has initiated World Trade Organisation (WTO) dispute settlement proceedings to challenge South African decision to impose preliminary anti-dumping duty on the import of Pakistani cement. Earlier this year, South Africa authorities (ITAC) imposed duties on various Pakistani cement exporters ranging from 15-68 per cent. The South African government considered that these imports were causing injury to the local cement industry. The basis of Pakistan's argu... |
South Africa 2Q volumes edge ahead09 October 2015, Published under Cement NewsDomestic cement demand in South Africa increased by 1.5 per cent YoY to 3.08Mt in the second quarter of 2015, according to a volume update posted on PPC’s website yesterday. The 2Q growth follows a strong advance in the first quarter of this year, when volumes increased by 15.6 per cent compared to the same period of 2014. |
PPC expansion strategy on track24 September 2015, Published under Cement NewsPPC's expansion strategy remains on track and the new plant in Rwanda was officially opened on 18 August 2015. In an investor presentation posted on PPC's website ahead of the RMB Morgan Stanley Big Five Investor Conference in Cape Town on Monday, the company said all three remaining projects in the DRC, Zimbabwe and Ethiopia are ~45 per cent complete. The 1Mta Slurry Kiln 9 project has commence and production ramp-up is anticipated in 2018. In terms of its operational performance, posit... |
China National Building Materials (CNBM)24 August 2015, Published under Cement NewsCNBM International Engineering Co Ltd, along with FLSmidth Pvt India, has signed a memorandum of understanding with Mamba Cement Company for the engineering, supply and construction of a 3000tpd greenfield cement plant in Bagamoyo, Tanzania. The project is expected to take 30 months to complete. Meanwhile, China Triumph International Engineering Co Ltd (CTIEC), the technology and engineering arm of CNBM has joined forces with WElink, a specialist clean energy company, and RAEF US, the US s... |
South Africa’s 1Q15 sales climb09 July 2015, Published under Cement NewsSouth Africa’s cement sales rose to 2.87Mt in the first quarter of 2015, according to the report released by the country’s leading producer, PPC, on behalf of the country’s eight major cement manufacturers on Wednesday. The increase is attributed to demand from smaller players making up for the slump in the building sector led by bigger companies, analysts said. With the order books of the major firms not looking healthy, the jump in cement sales could be the result of smaller companies suc... |