Cement News tagged under: South Africa
Competition Commission settles with Lafarge, South Africa09 March 2012, Published under Cement NewsSouth Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six per cent of its 2010 turnover in the South African Customs Union (South Africa, Botswana, Lesotho, Swaziland and Nambia). The agreement follows a settlement reached by the Commission with AfriSam which will pay a fine of ZAR125m, or three per cent of its turnover in the same period. The commission has now vowed to purs... |
Strong gains in South African cement sales08 March 2012, Published under Cement NewsLatest data by the South Africa Cement and Concrete Institute shows that domestic sales for the first two months of the year have registered a double-digit increase. For January and February 2012, cement sales reached 1.66Mt, a 13.7 per cent compared to the same period of 2011 (1.46Mt). Meanwhile, sales for February 2012 alone were 884,700t, representing a rise of 7.4 per cent compared to 823,934t in February 2011. The moving annual total for the previous 12 months sees cement sale... |
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... |