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Africa & The Middle East

 
 
 
 
 

China drags on global cement consumption growth

China will drag down average cement consumption growth over the next five years, as the country continues to battle overcapacity, counterbalancing a rosier outlook elsewhere.

 

Doubt looms over AfriSam’s PPC offer

Shareholder opposition may scupper the PPC-AfriSam tie up, the PPC chairman has admitted. Speaking to local media, Peter Nelson said that a “number of shareholders” have indicated their concerns.

 
 
 

Cimpor reports lower volumes in 1H17

Adverse markets in Brazil, Egypt and Mozambique more than offset positive news from Portugal, Argentina and Paraguay, bringing down Cimpor’s year-on-year volumes in 1H17.

 
 

Train loadout completed in Ouagadougou

Intercem has completed a new train unloading station at Ouagadougou for Cimfaso, part of Cim Metal Group, in connection with a new cement grinding plant.

 

Dangote emerges as bidder for PPC

Dangote Cement has launched a rival takeover offer for South African cement maker, PPC, opening up a potential bidding war with Afrisam.

 

PPC cuts CAPEX forecast

PPC cuts capital expenditure for 2018 – 2020, shoring up its liquidity position, as shareholders consider merger proposal from Afrisam.