South African cement sales increase
Published by Joseph Green,
Editor
World Cement,
According to market analysts, South Africa's first quarter cement sales have increased by more than 15% as a result of demand from smaller players countering the slump in the building sector led by bigger companies.
The report released by PPC confirmed that sales rose to 2.87 million t in the first quarter of 2015.
According to Imara SP Reid analyst Sibonginkosi Nyanga, the increase in cement sales could be the result of smaller companies such as Afrimat attracting more business.
Despite this jump, listed construction firms have mostly struggled to increase profit since the end of the building boom that took place during the 2010 World Cup.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/africa-middle-east/09072015/south-african-cement-sales-increase-133/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
