Cement News tagged under: Zimbabwe
Sino Zimbabwe sales boosted by housing developments07 August 2017, Published under Cement NewsSino Zimbabwe Cement realised a 10 per cent YoY increase in sales volumes in the second quarter of 2017 driven by housing developments across the country. Yong Wang, managing director of the local cement producer, told Business Chronicle (Zimbabwe) that the company has been facing a number of challenges including liquidity constraints and the alleged smuggling of cheap cement imports, especially from South Africa. However, he noted that “there has been progress,” mainly due to housing deve... |
PPC26 June 2017, Published under Cement NewsFor the year ending March 2017, PPC saw its group revenue improve by five per cent to ZAR9641m (US$750m), compared to ZAR9187m in the previous year. EBITDA over the same period slipped by 13 per cent from ZAR2385m to ZAR2065m, while operating income fell 24 per cent from ZAR1630m to ZAR1233m. The uptick in revenue was attributed to the strength of its rest of Africa business, which saw its EBITDA increase by 19 per cent over the period. The rest of Africa cement business saw revenues adva... |
Dangote Cement26 June 2017, Published under Cement NewsProduction is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the country’s total cement production capacity to 2.55Mta along with Cimaf (0.5Mta), Sonocc (0.25Mta) and Forspal (0.3Mta). The works will also boost Dangote’s capacity across Africa to more than 40Mta. Construction is currently underway on a new 3Mta grinding plant in Côte d'Ivoire and two new plants have been announc... |
PPC26 April 2017, Published under Cement NewsPPC’s new cement grinding plant in Harare, Zimbabwe, is now officially open for business. The US$85m works was opened by President Robert Mugabe and marks the company’s third production site in the country. With a cement production capacity of 0.7Mta, the plant was constructed by China’s Sinoma and features a cement ball mill with dynamic separator, a single-line packer, palletiser, storage warehouse, road and rail offloading facilities, and a bulk bag-loading facility. Taking PPC’s to... |
New Zimbabwe plant begins production03 April 2017, Published under Cement NewsChinese company Livetouch Investments, has started production at its 400,000tpa capacity plant in Redcliff, Zimbabwe. Construction of the plant is part of Phase One of the company’s project. Managing director and co-shareholder Dongning Wang told The Herald Business (Zimbabwe) that the plant had started operations at 70 per cent of its capacity on a trial basis. The plant uses slag from the nearby ZISCO steel plant at Kwekwe. |
Zimbabwe: President Mugabe opens PPC cement grinding plant in Harare30 March 2017, Published under Cement NewsPPC's US$85m cement 0.7Mta grinding plant at Msasa, Harare, has been officially opened by President Robert Mugabe. The plant is PPC’s third production site in the country. The facility features a cement ball mill with dynamic separator and road and rail off-loading facilities. This is in positioning PPC to meet local demand, as well as boost the country’s ability to export to the region. The PPC's collective capacity now stands at 1.4Mta, allowing the firm to export further to its neig... |
Zimbabwe: PPC calls for import ban15 March 2017, Published under Cement NewsIn 2016 the Zimbabwean government introduced a 25 per cent duty on every 100t of imported cement to discourage cheap imports. However, according to PPC Zimbabwe, imports continue to enter the country. “In addition to liquidity challenges, we continue to face pressure from cheap imports. Government has tried to assist by introducing duty on imported cement, but the reality on the ground is that imports continue to pour in, particularly from Zambia,” PPC Zimbabwe Managing Director, Kelibone... |
Zimbabwe: SZCC request title deeds from Gov14 March 2017, Published under Cement NewsSino Zimbabwe Cement Company (SZCC) has requested the title deeds for Indiva Farm, where the company is located, be transferred to them by the Government. Located 33km east of Gweru, Indiva Farm is regarded as State land and the absence of title deeds held by SZCC has resulted in the company failing to access lines of credit due to lack of collateral. Wang Yong, SZCC managing director, said that the company intended to set up an industrial park and wanted to attract more investors. Howeve... |
Zimbabwe: PPC capacity utilisation “less than ideal”10 March 2017, Published under Cement NewsThe managing director of PPC Zimbabwe, Kelibone Masiyane, has admitted that his firm’s capacity utilisation is “less than ideal” due to the downturn in the country’s economy, the Chronicle writes. Mr Masiyane said that reduced economic activity had led to a drop in demand for PPC’s output but insisted that conditions would improve in the short- to medium term. In November PPC Zimbabwe expanded its capacity in the country with the opening of a new grinding plant in Harare. |
National Railways of Zimbabwe benefits from PPC business27 February 2017, Published under Cement NewsPPC’s new Msasa plant in Harare, Zimbabwe, has enabled National Railways of Zimbabwe (NRZ) to move 1Mt of freight between October 2016 and February this year, following the purchase of 31 wagons from China. Last November, PPC Cement commissioned a US$85m plant in Harare that produces 0.7Mta of cement but engaged the NRZ to move clinker from its Colleen Bawn plant, near Gwanda, to the Msasa operation. "The 31 wagons which have carrying capacity of 54t each, have increased capacity in upl... |