Cement News tagged under: Zimbabwe
Zimbabwe: Chinese project faces mining hurdle02 February 2015, Published under Cement NewsChinese plans to set up a cement-making factory in Zvishavane have run in to problems after it emerged that the mining rights in the area belong to Shabanie Mashaba Mines (SMM). Top Zimbabwe government sources told the Zimbabwe Independent this week the project was supposed to be set up some 30km from the mineral-rich town of Zvishavane along the Zvishavane-Mbalabala road. However, they [the Chinese investors] can only set up the factory when the issue of mining claims to the area held by S... |
PPC cautions on half-year earnings27 January 2015, Published under Cement NewsSouth Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising finance costs. The company said in a trading statement released yesterday that it headline earnings per share for the six for the first half of the fiscal year is expected to be between 25 and 45 per cent lower than the comparative period of the previous year. “Notwithstanding a weaker trading environment, the mai... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
PPC Zimbabwe to invest US$86m in extra capacity24 October 2014, Published under Cement NewsPPC Zimbabwe announced a US$86m investment package in Zimbabwe over the next three years as it expects rising cement demand due to infrastructure projects despite a generally stagnating building sector. The funds are earmarked for manufacturing capacity and equipment. Road-building projects and exports to Zambia, Malawi and Mozambique are generating “significant” demand, according to the company’s MD, Lekula Njombi. The cement producer also expects to supply product to private-sector powe... |
PPC03 September 2014, Published under Cement NewsConstruction is due to begin this month on PPC’s new grinding plant in Harare. Around US$18m has reportedly been secured for the project with road access to the plant already in place. The company is also conducting a feasibility study into a further clinker plant in Mt Darwin in northern Zimbabwe. Meanwhile, in the Democratic Republic of Congo, PPC Barnet DCR has signed a contract with China’s Sinoma International Engineering Company for the engineering, procurement and construction of a... |
Lafarge02 July 2014, Published under Cement NewsLafarge has agreed the sale of Lafarge Cementos in Ecuador to Union Andina de Cemento of Peru for US$553m. The completion date for the sale of this 1.4Mta works has yet to be agreed. This deal follows the sale of the Honduran cement operations to Cementos Argos at around the turn of the year. Lafarge Zimbabwe is looking for a suitable site on which to build a cement works costing US$250m-300m. One limestone deposit has been identified to date and other opportunities are being looked into.... |
Lafarge Zimbabwe investigating locations for US$250m cement works18 June 2014, Published under Cement NewsLafarge Zimbabwe is currently looking for a suitable location for a new US$250m cement plant in the country. Feasibility reports will be carried out in areas with large limestone deposits. Chief executive, Amal Tantawi, said: "We have so far identified one limestone deposit to help feed the plant and the company continues to look for more deposits. Feasibility studies are being conducted on the long-term projects and we hope this will see our business growing in the future," said Mrs Tant... |
PPC to construct Harare mill, Zimbabwe23 May 2014, Published under Cement NewsPPC said it would spend US$80m on a cement mill in Harare, Zimbabwe, to be commissioned in 2016. The new mill, to be funded by a corporate loan, is expected to boost operating efficiencies. The company is planning to close less efficient mills at its Bulawayo factory. Last year, PPC announced it would also construct a clinker plant in Mt Darwin in northern Zimbabwe and a cement mill in Tete province, Mozambique. Market slowdown In an interim trading statement released earlier th... |
Sino-Zimbabwe confident on production targets03 April 2014, Published under Cement NewsSino-Zimbabwe Cement is confident that it will meet its targeted 700-1200tpd production capacitty following the completion of phase one of its plant upgrade. Sino-Zimbabwe a joint venture between the Industrial Development Corporation of Zimbabwe and (IDC) and China’s CBMC Renovations at the works, situated 40km southwest of Gweru, are being undertaken in three phases. The US$4m upgrade will boost clinker production to about 1200tpd. Investment has been focussed on refurbishing the kiln ... |
Zimbabwe: Chinese-Zimbabwean joint venture invests in clean technology24 March 2014, Published under Cement NewsZimbabwe will soon have a modernised cement facility producing 0.2Mta with improved environmental performance. The Chinese-Zimbabwean joint venture is on track to complete a modernisation project that will cost the Chinese shareholder US$5m. The plant, which started operation in 2001, is a joint venture between Industrial Development Corporation of Zimbabwe and China Building Material Industrial Corporation for Foreign Econo-Technical Cooperation with an initial investment US$54m. The wor... |