Cement News tagged under: South Africa
Zimbabwe drives PPC's positive outlook14 November 2023, Published under Cement NewsSouth Africa’s PPC has said it expects positive earnings for the six months ended 30 September, 2023. According to news service Pindula, the company has forecast a growth rate of 25.5-26.5 per cent in its headline earnings per share, compared to a headline loss of ZAR0.06 (US$0.003) during the same period last year. Its earnings per share are also predicted to advance by 21-25 per cent from a loss of ZAR0.30 per share in the same period a year earlier. The positive outlook has been attr... |
Sephaku Holdings' profit eroded by rising costs14 November 2023, Published under Cement NewsSephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit after tax over the same period declined from ZAR26.7m to ZAR19.7, while headline earnings per share fell from 11.26 cents to 7.54 cents, reports IOL. According to the company, although activity in the construction industry improved, particularly in the civil construction and non-residential sectors, the rising cost... |
Afrimat's acquisition of LSA gets Commission approval08 November 2023, Published under Cement NewsSouth Africa’s Competition Commission has approved Afrimat’s acquisition of Lafarge SA , subject to a number of conditions. The deal, which is worth nearly ZAR1bn (US$54.59m), was found to raise a number of competition issues, according to the Commission, and would result in the lessening of competition in the aggregates and ready-mixed concrete sectors, reports Business Day. As a result, the Competition Commission has recommended that the merged entity divests its interests in general aggr... |
PPC Zimbabwe managing director steps down19 October 2023, Published under Cement NewsPPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Colleen Bawn plant, before becoming manager of both that and the Bulawayo plant in 2009. He was appointed managing director of PPC in 2016, reports Chronicle. “After 29 years of service at PPC Zimbabwe Limited, seven years of which were spent at the helm of the company, Mr Kelibone Masiyane informed the board of the... |
PPC opens new Highveld blending plant18 October 2023, Published under Cement NewsSouth Africa’s PPC has opened its new Highveld blending plant in Emalahleni in the Mpumalanga province. According to the company, the new facility demonstrates PPC’s ongoing commitment to improving efficiencies, reducing turnaround times, and delivering excellence to all stakeholders in the Highveld region. “The opening of this Highveld plant allows us to optimise our logistics through localisation, which is imperative in reducing transport costs and minimising transport-induced carbon e... |
AfriSam invests in construction training programmes16 October 2023, Published under Cement NewsTo stay ahead in the industry’s war for talent, AfriSam has over the years placed skills at the forefront of its people development initiatives. With its several training programmes, the company has successfully created a pool of talent, not only to the benefit of its operations but the industry at large. Glenn Johnson, general manager of construction materials at AfriSam, believes it is fundamental for the construction materials industry to develop people. The industry, he says, ... |
Zimbabwe boosts PPC sales growth26 September 2023, Published under Cement NewsPPC has recorded a three per cent advance in sales volumes in the five months to August 2023, compared to the same period in 2022, reports The Herald Zimbabwe. According to the company, the increase is being attributed to strong growth in its Zimbabwe market, which saw cement sales volumes expand by 42 per cent over the same timeframe. In January this year, the Zimbabwean government banned imports of cement, which has helped prop up domestic cement sales. “Group cement sales volumes (in... |
PPC reports improved results in 5MFY23-2420 September 2023, Published under Cement NewsRevenue for PPC ’s South Africa and Botswana operations (excluding Zimbabwe and Rwanda) increased by five per cent YoY in the first five months of FY23-24 (April-August 2023), supported by higher average selling prices but lower sales volumes. Cement sales volumes in the two markets fell by six per cent YoY with inland volumes in August 2023 continuing their decline but at a lower rate. Coastal deliveries saw a downturn in volumes following higher-than-usual rainfall and weak retail demand.... |
PPC appoints new CEO05 September 2023, Published under Cement NewsSouth Africa-based cement producer PPC has appointed Matias Cardarelli as its new CEO. Mr Cardarelli was employed previously as CEO and chairperson of Natal Portland Cement , part of Intercement , in the last five years. Prior he also held posts at Amreyah Cement in Egypt and Yguazú Cementos in Paraguay. In addition, following the onset of COVID-19 and a new entrant into the Mozambican cement market, his portfolio had been expanded to include Cimentos de Mozambique , where he su... |
Vanderbijlpark Slagment achieves 1.75m hours LTI08 August 2023, Published under Cement NewsLeading construction material supplier, AfriSam celebrated a significant milestone at the company’s Vanderbijlpark Slagment Operation in South Africa when it achieved 1.75m Lost Time Injury (LTI)-free hours earlier this year, demonstrating the high safety standards upheld at this plant. This means the plant has been injury free for nine years, a significant milestone. Due to its cementitious properties and depending on the application, slagment (which uses ground granulated blastfurn... |