Cement News tagged under: Zimbabwe
AfriSam supplies new border crossing project23 March 2022, Published under Cement NewsAfriSam has supplied some 7000t of its High Strength R42.5 Cement from its Roodepoort plant near Johannesburg for a new border control post between South Africa and Zimbabwe at Beitbridge. The cement for the project's 125,000m 2 of roads and parking area which is being shipped in from AfriSam’s Roodepoort cement plant. AfriSam will have delivered around 10,000t of bulk cement by the time work is completed – delivered in 34t tankers. Adele Wentzel, AfriSam's sales manager manufact... |
PPC to build 30MW solar plant in Zimbabwe27 January 2022, Published under Cement NewsSouth Africa-based PPC will build a 30MW solar power facility at its Colleen Bawn clinker plant in Zimbabwe as part of its decarbonisation strategy. The clinker works will use 15MW for its own power needs and feed the balance into the Zimbabwean electricity grid. The project complements the Zimbabwean government’s drive to increase power generation in the country, important in achieving its Vision 2030 goals. Work on the solar plant is expected to start this year. “At Colleen Bawn in Z... |
Lafarge Cement Zimbabwe Ltd appoint new CEO27 December 2021, Published under Cement NewsLafarge Cement Zimbabwe Ltd (Holcim group) has appointed Mr Geoffrey Ndugwa as the new CEO. Prior to his appointment, Mr Ndugwa was the CEO of Lafarge Malawi between December 2019-November 2021. He has 17 years of cement industry experience working in various capacities across Africa, including Director for Bamburi Group in Kenya, General Manager of Innovation and Marketing for Lafarge WAPCO Nigeria Plc, General Manager of Bamburi Special Projects Ltd in Kenya, Head of Business Support at... |
Zimbabwe to keep imports flowing10 December 2021, Published under Cement NewsThis week, Zimbabwe's cement market opted to keep import permits in response to increasing cement shortages. Zimbabwe’s cement sector has been stretched and reliance on Lafarge Cement (Holcim group) and PPC, the top two domestic producers, has led to the current situation where imports have become a necessity to complete private and public building projects. The immediate cement shortage in the country has been exacerbated by Lafarge Cement’s plant breakdown, where a roof collapsed on a ... |
PPC posts better-than-expected 1H in Zimbabwe25 November 2021, Published under Cement NewsSouth Africa-based PPC has said its cement sales volume in Zimbabwe surpassed expectations as sales increased by 19 per cent in the six months to September as cement demand in the African country saw double-digit growth. Individual customers as well as government projects drove the increase in sold volumes. Compared with the equivalent period in 2019, PPC’s sales volumes advanced 31 per cent. As a result, revenue increased by 55 per cent to ZAR1.2bn (US$75.7m). PPC received US$2.7m in divide... |
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... |
Lafarge Cement Zimbabwe's CEO steps down15 September 2021, Published under Cement NewsLafarge Cement Zimbabwe Ltd has announced the resignation of its CEO, Precious Murena, with effect from 9 September. Precious Murena joined the company in 2011 and became CEO in 2020. Amr Elmowafy Aly Mowafy, currently Chief Financial Officer, will assume the role of Acting Chief Executive Officer in the interim until the appointment of the substantive CEO. |
Cement prices rise in Zimbabwe14 September 2021, Published under Cement NewsZimbabwe's construction sector appears to be on course for a revival, driven by public spending on infrastructure and private development. However, a recent increase in cement prices could restrict the recovery. On average, a 50kg bag, which ordinarily costs around US$10.50, is now around US$13. An intermittent supply of cement on the local market looks to be behind the high cement prices, according to The Herald. The price hike has resulted in a rise in cheap imports from the region, par... |
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 ... |
PPC reports 3% increase in revenue22 June 2021, Published under Cement NewsSouth Africa’s PPC has reported a three per cent YoY increase in group revenue for the year ended 31 March 2021, rising to ZAR8938m (US$626.07m) from ZAR8671m, due to a recovery in cement sales following the easing of lockdown restrictions. Opportunistic cement sales resulting from its ability to respond to an increase in demand in some markets also contributed to revenue growth. Excluding Zimbabwe, group revenue increased by seven per cent YoY, according to the group. "The group experienc... |