Akzo opens €100m Dulux paint plant

The Ashington plant uses a variety of renewable energy sources, including photovoltaic cells and a biomass boiler, alongside a highly automated manufacturing process which saves water, waste...

Fairfax drops plan to buy PPC stake

This leaves just Swiss building materials group LafargeHolcim as PPC's sole remaining bidder following Dublin-based CRH's announcement on 7 December that it had decided...

Former LafargeHolcim CEO questioned over possible payments to Islamic State

Lafont was questioned along with former HR chief, Eric Olsen, and former deputy MD for operations, Christian Herrault, the sources told AFP. Lafarge is accused...

Scania-PPC construction deal ensures efficient work

Recently PPC took delivery of a number of new Scania vehicles at its facility in Slurry, North West. The delivery is part of an...

PPC’s debt rescheduling at DRC plant ‘a solid move’

PPC says it has finalised a capital-repayment moratorium with funders of its new plant in the Democratic Republic of Congo (DRC), improving liquidity. It says...

PPC revenue rises amid buyout bidsors

SA’s largest cement group said in a trading update on Friday that earnings before interest, tax, depreciation and amortisation (ebitda) also came out ahead in the...

Afrimat shares plummet after downbeat statement

Mining group Afrimat’s share price fell 16% to R25.50 on Friday morning after it issued a downbeat trading statement. Afrimat said it expected its headline earnings...

PPC in shareholder talks over priorities

"Under the leadership of Peter Nelson, the PPC board of directors has successfully led the company through a period of significant headwinds," the group said on Thursday,...

PPC adds R2bn to upliftment agenda

PPC has made a R2.1bn top-up to its broad-based black economic empowerment programme, providing such stakeholders with an effective 30% at holding company level. The PPC Phakama...

PPC mulls new markets as recent projects generate cash

Since taking the top job in July, CEO Johann Claassen had reviewed the company’s operations and balance sheet, with a particular focus on boosting liquidity and...

PPC prepares for a pick-up when Ramaphosa’s reforms kick

Demand for building material would probably be steady for six months before starting to increase, CEO Johann Claassen said in an interview at Bloomberg’s Johannesburg office. The...

Lafarge Africa to focus on reducing debt before another expansion drive

The company expects its leverage ratio, which measures the level of debt incurred by a business against its assets, to drop to between 60% and...

Afrimat ascribes slump to political events fallout

Aggregates and industrial minerals producer Afrimat says its annual results have been negatively affected by political events in SA, which “severely hurt” business confidence. The uncertainty prevailed...

WATCH: How SA’s moribund construction sector affected PPC

Business Day reported that the company’s joint venture factory in the Democratic Republic of Congo (DRC) had been a big drag on group results for...

Sephaku warns of earnings fall as industry wilts

This comes as the Master Builders Association North — which represents building and construction interests in Gauteng, the North West, Mpumalanga and Limpopo — says the...

2017/18 AfriSam-SAIA Awards shortlist announced

The projects are across four categories - Sustainable Architecture, Research in Sustainability, Sustainable Products and Technology, and Sustainable Social Programmes. Entries, submitted earlier this year, were required...

Sephaku Cement defeats stiff competition to get back to black

The cyclical nature of building and infrastructure development in SA also helped boost the company’s performance during the period, although this was off a low base...

PPC’s former CEO received cool R16.8m parting gift

Former PPC CEO Darryll Castle’s total remuneration for its 2018 financial year came to R18.9m — of which R16.8m was described as "other" in addition to...