Cement News tagged under: South Africa
Dangote: new capacity development update28 March 2014, Published under Cement NewsFull-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of new projects scheduled for completion this year both on the home front and across the sub-Sahara Africa region, the emerging cement major is targeting 60Mta of production, grinding and import capacity by 2016. On Wednesday the company delivered its 2013 financial review highlighting that revenues rose by 22.4 per ... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
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... |
ARM awaits board approval for South African project03 January 2014, Published under Cement NewsARM Cement is still awaiting board approval for the construction of a new cement plant in South Africa, the company's managing director, Pradeep Paunrana, has said. Mafikeng Cement, in which ARM has a 70 per cent stake, plans to build a plant a 3000tpd plant in Africa's largest economy, Paunrana told Nairobi-based Business Daily newspaper, Bloomberg reported. However, the company is still awaiting approval from its board of directors, with Mr Paunrana explaining to Bloomberg in an interv... |
PPC gets competition tribunal go-ahead for Safika Cement acquisition16 December 2013, Published under Cement NewsPPC’s previously-announced acquisition of South African blended cement producer Safika Cement has been unconditionally approved by the country’s Competition Tribunal. An agreement to acquire a controlling equity stake in Safika Cement for a cash consideration of approximately ZAR350m (US$35.3m) was announced by PPC in August this year. PPC said last Friday, that the completed deal further enhances its footprint in South Africa where Safika Cement owns five blending facilities and one mi... |
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 ... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
PPC02 December 2013, Published under Cement NewsDespite rising electricity prices and depreciation pushing up input costs, South Africa’s PPC has posted an eight per cent rise in EBITDA to ZAR2500m (US$244m) for the year ending September 2013. Revenue growth increased by 13 per cent rise to ZAR8320m (US$811) for the period, while gross profit was up nine per cent at ZAR2700m (US$263m). Strong growth in South Africa and Zimbabwe bumped total cement sales for the period up by seven per cent. Cement now accounts for 86 per cent of the com... |
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... |
South Africa: Chinese investment for Mamba Cement in place21 November 2013, Published under Cement NewsThe Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreement in Johannesburg for work to begin on the project. The greenfield plant will cost US$220m to build and will be situated in Limpopo Province, South Africa. The capital fund of the project is US$100m, 51 per cent of which is held by Chinese shareholders. Unlike traditional overseas investment financing, Mamba receiv... |