Skip to main content

PPC and AfriSam enter merger talks

Published by
World Cement,


South Africa-based cement maker, PPC, has restarted talks with its nearest rival, AfriSam, on a potential merger, two years after PPC walked away from talks of a possible combining of the two companies.

“We think that consolidation in the industry will start to happen and we’ve got to make a choice as to whether we want to be the architects and lead that [or] let it happen around us and not be sure of the outcome,” PPC’s CEO Darryl Castle told Reuters following the example.

AfriSam first proposed a merger in 2014, after infighting between PPC’s board and former CEO had seen its share price tumble.

The combined company will be “well placed to have the balance sheet capabilities to develop as a major African cement producer, given its complementary production assets in six African countries outside of South Africa,” PPC said in an announcement to the Johannesburg Stock Exchange.

AfriSam has operations in Lesotho and Swaziland, as well as South Africa. Meanwhile, PPC operates in Botswana, Zimbabwe and Rwanda, and is currently building plants in the Democratic Republic of the Congo and Ethiopia, in addition to its operations in South Africa – a market in which a combined entity would hold a 60% market share.

Read the article online at: https://www.worldcement.com/africa-middle-east/14022017/ppc-and-afrisam-enter-merger-talks/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):