Cement News tagged under: Zimbabwe
PPC first-half sales rise eight per cent, South Africa17 May 2012, Published under Cement NewsPretoria Portland Cement, South Africa’s largest cement producer, reported an eight per cent rise in first-half profit (ending March 2012) and forecasts rises in regional demand. Net income rose to ZAR369m (US$45m) in the six months through March, from ZAR343m a year earlier. Cement sales volumes declined 3% for the period under review, mainly as a result of weak demand in the Western Cape and Botswana markets. However, group revenue increased by 8% to ZAR3.529bn as a result of favourabl... |
Lafarge03 May 2012, Published under Cement NewsLafarge Jordan saw turnover decline by 12% lost year to JOD134m (€144m), producing a loss of JOD20m (€21.5m) as production at the two works fell to its lowest lever for eleven years. High fuel and electricity costs led to ceasing exports to Syria, Iraq and the Sudan last year. The company is seeking government permission to burn coal, like its competitor is doing. Lafarge Zimbabwe is to invest US$4.5m in 2012 to improve operating efficiencies. First quarter volumes increased by 31% and t... |
Zimbabwe: PPC to empower community, workers13 February 2012, Published under Cement NewsPretoria Portland Cement (PPC) has agreed to transfer 10% of its shareholding to the Community Share Ownership Scheme to comply with the indigenisation and empowerment laws. The indigenisation and empowerment laws require foreign-owned firms to sell at least 51% of their shareholding to indigenous people. Informed sources say that PPC, in its plan to government, said it would also extend a cumulative 5% shareholding of the company to its workers. Workers owned 1.3% of the company before the... |
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... |