Cement News tagged under: South Africa
PPC's preliminary report, year-end Sept 201319 November 2013, Published under Cement NewsPPC's South African cement sales volumes rose by seven per cent, while industry sales for the nine months ending June 2013 increased by 4.2 per cent. Strong volumes were recorded in the Gauteng and inland regions despite increased industrial action in these markets. Volumes in the coastal regions also recorded growth despite rising imports and a particularly wet winter season. Imported cement, which is not subject to import duties and is excluded from national statistics, accounted for an ... |
Dangote 3Q revenue rises on strong domestic demand11 November 2013, Published under Cement NewsDangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria. According to the unaudited results, profit before tax (PBT) rose to NGN151.73bn (US$957.9m) compared to NGN106.43bn in 2012, while operating profit rose by 36.4 per cent to N156.89bn. Revenue for the period rose to NGN64bn compared to NGN244.50bn in the preceding year. Commenting on the results, Group Managing Director, Dangote Cement, Devakumar Edwin, said the co... |
Zambia watchdog to examine pricing factors06 November 2013, Published under Cement NewsZambia’s Competition and Consumer Protection Commission (CCPC) is to examine the upward adjustment is cement prices across four countries in sub-Saharan Africa. CCPC public relations officer Hanford Chaaba said in an interview with the Times of Zambia that the study being conducted with the support of the African Competition Forum (ACF) to determine the causes of cement prices rises in South Africa, Botswana, Tanzania and Zambia. “We have been monitoring this situation concerning price cha... |
Two new cement grinding plants for South Africa25 October 2013, Published under Cement NewsTwo new grinding stations will be established in Southern Africa by the end of 2014, to be set up by new market entrant Osho Ventures, CemNet News has learnt. Each of the new milling stations will have a capacity of 0.6Mta and work is due to start early next year when groundbreaking is scheduled to start in February 2014. The location for one of the units is within the Coega Industrial Zone 5, 6km east of Motherwell, Port Elizabeth, South Africa. This unit will produce 150tph of cement an... |
Rising South African input costs impacting Lafarge margins08 October 2013, Published under Cement NewsLafarge South Africa has said it may raise cement prices on the local market due to higher fuel and electricity costs. Thierry Legrand, country chief executive, said last week that increasing input costs were having an impact on margins and had not been fully recovered in previous price increases. He said fuel costs rose by 21 per cent in 2011, 16 per cent last year and nine per cent so far this year, while electricity costs were increasing annually by more than nine per cent. As such, the... |
PPC chief acquires further stocks in producer, South Africa13 September 2013, Published under Cement NewsCEO of PPC, Ketso Gordhan, has acquired another ZAR3m worth of the company’s shares on the open market between 4-5 September 2013. This takes Mr Gordhan’s accumulated shares to 330,000, worth nearly ZAR10m at prices from ZAR29.30 to ZAR30.65 in the last month. It makes him one of the top 25 shareholders in the South Africa-based cement producers. (Source: Business Day). |
Sephaku Cement's two projects on track for 2014 completion01 July 2013, Published under Cement NewsThe construction of Sephaku Cement's ZAR3.2bn (US$322m) Delmas grinding plant and the Aganang clinker and cement works in South Africa are both at an advanced stage of development and are on schedule to commence production in the first two quarters of 2014. In a recent report the Dangote subsidiary said that the 1.4Mta Delmas cement milling plant in Mpumalanga is on-track for completion in the final quarter of 2013, with production due to start in January 2014. The grinding works will rece... |
South African firm stakes NGN45.7bn on Dangote Cement11 June 2013, Published under Cement NewsPublic Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. PIC is owned 100 per cent by South African government and it has funds valued at US$115bn under its management. Although no explanation was given by Dangote Cement regarding the acquisition, PIC is now holding 1.5 per cent in addition to the 5.11 per cent of the company’s shares available for trading on the Nigerian... |
ACCTA 2013 success leads to a biannual conference06 June 2013, Published under Cement NewsThe first conference on Advances in Cement and Concrete Technology in Africa (ACCTA 2013) was held at the Emperor’s Palace Resort in Johannesburg, South Africa, over 28-30 January 2013. More than 200 scientists and industry representatives from 47 nations, including 20 African countries, attended this three-day conference, paving the way for ACCTA to be developed into a biannual event. Chairman Prof Herbert Uzoegbo (Wits) opens the event on behalf of the organising committee... |
New South Africa industry body announced20 May 2013, Published under Cement NewsA newly-constituted industry body, The Concrete Institute, funded by AfriSam, Lafarge and a new cement producer, Sephaku, is to continue the services provided by the former Cement & Concrete Institute (C&CI), which closed down earlier this year. Under the leadership of Bryan Perrie, the former MD of the C&CI, the Concrete Institute opened its doors in May and is offering most of the services previously provided by the C&CI, including the training centre and training laboratory, an info... |