Cement News tagged under: South Africa
Afrisam settles cement cartel complaint, South Africa01 March 2012, Published under Cement NewsSouth African cement producer Afrisam has concluded a settlement agreement with the Competition Commission in which it admitted that it took part in a cement cartel and agreed to pay an administrative penalty of ZAR125m (US$16.7m). The penalty represents 3% of its previous year's cement turnover in the South African Customs Union region. According to the commission, the settlement is a reflection of Afrisam's material cooperation in uncovering and providing further information on the cartel ... |
South Africa: cement sales boom14 February 2012, Published under Cement NewsIn South Africa cement sales by volume soared by 22% YoY in January to 779,003t, data released by the Cement and Concrete Institute (CNCI) showed. January’s data is merely the latest in a string of strong YoY increases. The increase in the past five months (September to January) was 10.5% YoY with the November 2011 volumes of 1,141,248t the highest monthly total since 2008. |
South African January sales rise 22%10 February 2012, Published under Cement NewsSouth African cement sales increased by 22 per cent YoY in January 2012 to 779,003t compared to 638,749t in 2011, data released by the Cement and Concrete Institute (CNCI) showed. The moving annual total for the last 12 months was up five per cent YoY to 11.37Mt and also had two less selling days that the year before. Earlier this month, the country’s leading producer Pretoria Portland Cement, said it was cautiously optimistic on the country’s outlook this year. “Current trends in cem... |
PPC ‘cautiously optimistic’ on demand outlook31 January 2012, Published under Cement NewsSouth Africa’s leading cement producer, Pretoria Portland Cement (PPC) said it is ‘cautiously optimistic’ about the cement demand outlook for its domestic and Zimbabwe markets. “Current trends in cement demand and prices should improve results during the first half of our 2012 financial year,” the company said in a statement on Monday. South African cement producers continued to experience a difficult trading environment last year due to delayed or cancelled government projects and su... |