Cement News tagged under: Zimbabwe
Zimbabwe drives PPC's positive outlook14 November 2023, Published under Cement NewsSouth Africa’s PPC has said it expects positive earnings for the six months ended 30 September, 2023. According to news service Pindula, the company has forecast a growth rate of 25.5-26.5 per cent in its headline earnings per share, compared to a headline loss of ZAR0.06 (US$0.003) during the same period last year. Its earnings per share are also predicted to advance by 21-25 per cent from a loss of ZAR0.30 per share in the same period a year earlier. The positive outlook has been attr... |
Zimbabwe issues import licences to meet demand10 November 2023, Published under Cement NewsThe Zimbabwean government has issued cement import licences to ensure supply while two of the country’s leading cement producers deal with production issues. According to ZimEye, Lafarge and Sino-Zimbabwean Cement Co are currently experiencing production problems so have been issued with import licences to ensure the country is not left short of cement. Zimbabwe is home to a total cement production capacity of around 2.6Mta, but demand has been rising steadily on the back of a cons... |
PPC Zimbabwe managing director steps down19 October 2023, Published under Cement NewsPPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Colleen Bawn plant, before becoming manager of both that and the Bulawayo plant in 2009. He was appointed managing director of PPC in 2016, reports Chronicle. “After 29 years of service at PPC Zimbabwe Limited, seven years of which were spent at the helm of the company, Mr Kelibone Masiyane informed the board of the... |
Zimbabwe boosts PPC sales growth26 September 2023, Published under Cement NewsPPC has recorded a three per cent advance in sales volumes in the five months to August 2023, compared to the same period in 2022, reports The Herald Zimbabwe. According to the company, the increase is being attributed to strong growth in its Zimbabwe market, which saw cement sales volumes expand by 42 per cent over the same timeframe. In January this year, the Zimbabwean government banned imports of cement, which has helped prop up domestic cement sales. “Group cement sales volumes (in... |
Khayah Cement boosts capacity to 1Mta04 July 2023, Published under Cement NewsZimbabwe-based Khayah Cement (previously Lafarge Cement Zimbabwe) has announced that it doubled its milling capacity in 2022. The second half of the year saw the company successfully commission its new vertical cement mill (VCM) at its Manresa plant, and subsequently decommission Mill 1 following the collapse of the mill house roof in the 4Q21. The new VCM has boosted the company’s milling capacity to 1Mta and bolstered its ability to supply high-strength cement of improved quality, ... |
Khayah Cement recovers with new VRM and dry mortar plant19 May 2023, Published under Cement NewsZimbabwe-based cement producer, Khayah Cement Ltd , has reported a 96 per cent YoY leap in sales volumes in the quarter ended 31 March 2023. According to the company, the strong results have been supported by the installation of a vertical cement mill (VRM) in the 3Q22. This follows the collapse of the plant, which brought production to a standstill between October 2021 and 2022. 2021 also saw the company invest in an automated dry mortar plant, resulting in dry mortar product sales adv... |
PPC in talks to sell Zimbabwe business07 February 2023, Published under Cement NewsPPC Ltd is reportedly in talks to sell its Zimbabwe business. According to Bloomberg, discussions are at an early stage and no potential buyers have been named as yet. PPC is believed to be selling the Zimbabwe company for around US$200m. PPC Zimbabwe currently runs a 0.76Mta grinding plant in Bulawayo , a 0.825Mta clinker plant in Colleen Bawn , and a 0.7Mta grinding works in Harare . |
Livetouch Investments to build its second Zimbabwe cement plant17 January 2023, Published under Cement NewsLivetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cement plant will produce 200,000tpa upon completion between June-July 2024. Livetouch Investments, whose first cement factory is situated in Redcliff, Midlands, is presently producing 200,000tpa against an installed capacity of 340,000tpa. In an interview, the company's managing director, Kyle Wang, said the c... |
Lafarge Cement Zimbabwe appoints new Acting CEO13 December 2022, Published under Cement NewsLafarge Cement Zimbabwe Ltd has appointed Innocent Zulu Chikwata as Acting Chief Executive, effective from 1 December 2022. Mr Chikwata has 16 years experience in the fast-moving consumer goods and construction materials industries and has worked for Colcom, Innscor Africa Group and LafargeHolcim. He has held various positions in sales, marketing and operations with PProfit & Loss oversight and has worked with start-ups and global branding organisations. Having joined Lafarge in Novemb... |
PPC posts 23% drop in EBITDA17 November 2022, Published under Cement NewsPPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six months ended 30 September 2022. Excluding PPC Zimbabwe, EBITDA fell 12 per cent YoY. Net debt continued to improve, coming in at ZAR677m on 30 September 2022, compared to ZAR1009m in March of this year. According to the company, shareholders should expect earnings per share (EPS) for the 2022 six-month period to “diff... |