Cement News tagged under: South Africa
PPC signs waste tyre agreement21 November 2014, Published under Cement NewsPPC has signed an agreement to source waste tyres from the Recycling and Economic Development Initiative of South Africa (Redisa) for use at its De Hoek cement factory, South Africa. The country’s largest cement producer is also investigating the possibility of using waste tyres in some of its other plants, Azola Lowan, the executive for investor relations and strategy, told the Cape Times. Lowan said the use of the waste tyres in the kilns at the De Hoek factory would be introduced fro... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
PPC calls shareholder meeting to consider board overhaul03 November 2014, Published under Cement NewsSouth Africa's leading cement producer, PPC, said on Friday that it would convene a meeting of shareholders next month "to consider the removal of the entire existing board" after three shareholders holding a 10 per cent stake requested it. The company said in a filing to regulators that the meeting "is likely to occur in the first half of December" and will also consider the "proposed elections of certain persons nominated" by the said shareholders. A further announcement will be made w... |
Claassen to replace Tomes as PPC MD24 October 2014, Published under Cement NewsJohann Claassen, former head of domestic operations, is to become MD of South Africa’s PPC. He will replace Richard Tomes who resigned effective Thursday to “pursue other opportunities”. "Johann is a professional engineer who joined PPC in 1989 and has served as executive of cement operations and of lime, and held various other senior and general management roles across the cement and lime divisions," PPC said in a statement. |
SA watchdog puts condition on merger approval09 October 2014, Published under Cement NewsThe Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three years of the approved merger. The watchdog said on its website that it had approved the intermediate merger on 1 October 2014, Holcim exited the South African market a few years ago, except for a stake it held in Afrisam. Until the transaction, it was only Lafarge that operated in South Africa. "The commission f... |
PPC chief executive quits, South Africa23 September 2014, Published under Cement NewsKetso Gordhan, the chief executive officer of PPC Ltd (PPC), resigned from his post at South Africa’s largest cement maker because of differences with the board. Mr Gordhan, who was appointed at the start of last year, quit abruptly on Monday prompted by what the company described in a statement as "differences of opinion" with the board, regarding "procedures for the approval of certain decisions. The statement however added that Gordhan had agreed to continue providing input to crucia... |
Lafarge Africa completes consolidation process17 September 2014, Published under Cement NewsLafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Holdings and United Cement Co of Nigeria. Guillaume Roux, Lafarge Africa Group Chief Executive Officer, told reporters in Lagos yesterday that the company had received all shareholder and regulator approvals and met all the necessary requirements to form the merged company comprising Lafarge’s South Africa and Nigerian in... |
PPC says slower domestic economic growth hurting volumes15 September 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, has said slower domestic economic growth and declining infrastructure spending has resulted in a "particularly tough" domestic market. “Low single-digit” volume declines across Africa’s second-biggest economy were partly offset by higher selling prices in the 10 months through July, the company said today in a statement. PPC is expanding in new African countries as it targets 40 per cent of sales outside its domestic market by 2017, compared... |
Ash Resources’ new Commercial Manager, South Africa12 September 2014, Published under Cement NewsAsh Resources, South Africa’s leading manufacturer and supplier of fly ash products, has appointed Nicola Viljoen as its new Commercial Manager with effect from 1 September 2014. In her previous role as Senior Purchasing Manager for Lafarge Gypsum, she is credited with transforming the company’s complex purchasing and contracting function, which handles the multiplicity of specialised products and systems in the building interior fitting business. |
Cimpor's 1H14 cement sales rise by 10.8%01 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t... |