Cement News tagged under: South Africa
PPC sees 20% YoY rise in revenue23 November 2021, Published under Cement NewsSouth Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in the year-ago period. The results were supported by a 12 per cent YoY rise in cement volumes. Group EBITDA advanced 13 per cent to ZAR945m from ZAR839m. Roland van Wijnen, CEO, said: "Team PPC delivered a solid performance, showing results from our efforts to reposition the business and ensure financial sustainabilit... |
Western Cape provincial government challenges cement import ban10 November 2021, Published under Cement NewsSouth Africa’s Western Cape provincial government has reportedly challenged the recent decision by the National Treasury to ban the use of imported cement for state-awarded contracts, saying there was no consultation before the decision, according to Business Day. The provincial government noted that the ban is likely to cause price hikes and therefore, make projects more expensive. The move came after local cement producers argued that cheap imports were harming their businesses. The b... |
Sephaku Cement experiences second kiln stoppage22 October 2021, Published under Cement NewsSouth Africa’s Sephaku Cement has experienced a further kiln stoppage, unrelated to the previous event announced on 30 September 2021. This second plant stoppage began on 16 October 2021 and is expected to finish on 26 October. The outage has been necessitated by the repair of kiln internals to prevent damage to major components. The kiln was inspected in previous maintenance stoppages and therefore, this damage was unexpected. However, a long-term solution to this issue has now been iden... |
PPC not to raise capital and focus on growth29 September 2021, Published under Cement NewsSouth Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, Roland van Wijnen. The new debt facilities of ZAR2.1bn have an extended maturity profile with the long-term facility of ZAR1.5bn being repayable over 3-5 years. The margins were reduced across all facilities to reflect PPC’s improved credit risk profile. “The organisation is now in calmer seas after a hectic 18 mo... |
AfriSam's Centre for Product Excellence reduces carbon footprint21 September 2021, Published under Cement NewsAfriSam’s Centre for Product Excellence (CPE) is crucial to supporting customers in their quest for a low carbon future, according to the South Africa-based cement producer. The CPE is instrumental in pursuing environmental issues related to cement and concrete use, particularly for large projects where stakeholders prioritise the carbon footprint of the materials used. According to CPE Manager, Mike McDonald, AfriSam’s CPE, based in Roodepoort, Gauteng, is aiding AfriSam’s progress in... |
AfriSam innovates its products to respond to climate change01 September 2021, Published under Cement NewsAfriSam is ensuring its cements are fit for purpose while reducing its environmental footprint and responding to climate change in South Africa. The drive for quality is closely linked to being fit-for-purpose, says Richard Tomes, sales and marketing executive at construction materials leader AfriSam, by ensuring that a range of cements is available for defined applications. Therefore, AfriSam has contributed to water savings by developing cements that consume less water when mixed ... |
Matsiloje Portland Cement could reopen by year end20 July 2021, Published under Cement NewsMatsiloje Portland Cement (MPC), one of only two homegrown cement producers in Botswana, is considering a return to production by the end of the year following its closure in 2018. Managing Director, Rachit Josh, told BusinessWeek the company was ‘very optimistic’ it could resume operations and was currently in talks with a reputable investor with a view of entering into a partnership to re-open the plant. "I cannot comment on what the exact situation is regarding the plant, but a... |
AfriSam wins Roadstab cement road stabilisation order06 July 2021, Published under Cement NewsAfriSam's specialised Roadstab cement is creating a safer and wider R67/5 road between Queenstown and Whittlesea in the Eastern Cape, South Africa. The Raubex Construction and Roadmac Surfacing Cape Joint Venture (RBX / RMSC JV) project will consume around 180,000 bags of AfriSam Roadstab cement. The project’s stabilisation design requires a three per cent portion of AfriSam Roadstab cement in the G4 sub-base. The 150mm base layer is of G1 imported crushed stone, compacted to 88 per c... |
Scaling up for growth29 June 2021, Published under Cement NewsCement producers do not just manufacture cement, they need to sell it too. So what happens when a new equity partner invests in the company with a plan to increase factory output sixfold? How do you scale up for growth, increase market share and ensure that sales keep up with production volumes? By Transnova, South Africa. Rwandan cement producer cimerwa migrates from the distributor model to that of a delivered service to better manage sales volumes, customer loyalty programmes, m... |
Financial restructuring positions PCC for long-term recovery25 June 2021, Published under Cement NewsCompetent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ... |