PPC increases stake in Ethiopian cement company

Pretoria Portland Cement (PPC) has increased its stake in Ethiopian cement company Habesha Cement Share Company (HCSCo) to 51% from 31% at a cost of USD 13mn. PPC will buy the 20% stake from South Africa's Industrial Development Company, a company which acquired a 27% stake alongside PPC in 2012. In a press

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Habesha

Habesha Cement is set to open its 1.4Mt/yr cement plant near to Addis Ababa in 2016. Habesha also has an international angle, given that South African cement producer PPC …

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History

South Africa's Pretoria Portland Cement Company Limited (PPC) and South Africa's Industrial Development Corporation (IDC) secure a 47% equity stake in the Habesha Cement Share Company (HCSCo) of Ethiopia. ... Habesha cement plant inaugurated by His Excellency, Ato Hailemariam Desalegn, the Prime Minister of Federal Democratic Republic of ...

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How a Family Salvages Habesha Cement, Kindles Promise for …

He observed that Habesha Cement's total assets increased substantially to 11.72 billion Br from 3.06 billion Br due to this revaluation. However, the company's current asset-to-liabilities ratio improved from 0.37:1 to 0.71:1; Abdulmenan flagged that Habesha Cement may face difficulties meeting short-term liabilities.

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Habesha Cement S.CO. announced that it expects to receive $21 …

Habesha Cement S.CO. announced that it will raise $21 million in equity financing from new investors Pretoria Portland Cement Company Ltd. and The Industrial Development Corporation of South Africa...

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Contact PPC

Readymix Concrete Premixes Fly Ash Calculator How To Guides. Investor Centre. ... (PO Box 787416, on, 2146, South Africa) T: +27 (0)11 386 9000 F: +27 (0)11 386 9001 [email protected]. Tel: +27 (0 ... Habesha Cement. Tel +25 111 416 3273. Email. [email protected]. Address.

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Habesha Cement Makes Astonishing Rebound from Ruin

Habesha Cement S.C. has marked a milestone in its history with a remarkable turnaround in its operation in 2023. The company recorded its first-ever profit before tax of 1.03 billion Br, an astonishing contrast to the 1.26 billion Br losses posted the previous. ... How to Make Carbon Pricing Work for Africa . Carbon pricing is a crucial climate ...

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South Africa's PPC invests in Ethiopian cement firm

South Africa's Pretoria Portland Cement and a state investment body South Africa's Industrial Development Corporation (IDC) have jointly secured a 47 per cent equity stake in the Habesha Cement Share Company (HCSCo) of Ethiopia.

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MEDIA RELEASE PPC and IDC jointly acquire a US $21 …

Habesha Cement Share Company PPC's Sub-Saharan strategy gains momentum South Africa's Pretoria Portland Cement Company Limited (PPC) and South Africa's Industrial Development Corporation (IDC) are pleased to announce that they have jointly secured a 47% equity stake in the Habesha Cement Share Company (HCSCo) of Ethiopia.

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How a Family Salvages Habesha Cement, Kindles Promise for …

In a stunning comeback, Habesha Cement S.C. has defied a decade-long struggle to post its first profitable year in 15 years, marking a monumental shift in the industrial landscape.

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Habesha cement project, Ethiopia

Name and Location Habesha cement project, Ethiopia. Client Habesha Cement Share Company (HCSCo), in which South Africa's Pretoria Portland Cement Company (PPC) has a 27% interest, and the ...

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S.Africa's PPC invests in Ethiopian cement firm | Reuters

JOHANNESBURG, July 25 (Reuters) - South Africa's Pretoria Portland Cement and a state investment body will together pay $21 million for almost half of Ethiopia's Habesha Cement Share Company ...

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Habesha Cement Faces Uncertain Future

Habesha Cement S.C is confronted with an uncertain future after incurring losses of 2.4 billion Br over two consecutive years, despite attempts to address its management turmoil and substantial demand for cement in the …

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Ethiopian cement focus

Habesha Cement is in the process of constructing a 1.4Mt/yr cement plant at Holeta in Oromia State. 20 The company building the plant was incorporated in 2008 and secured the first 30% of the necessary ... These are now less likely since the acquisition of Habesha shares by South Africa's PPC and the South African International Development ...

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The Cement Industry in Ethiopia

South Africa [9]. The number of cement factories in Ethiopia has increased to 20 from which 16 are integrated plants ... Habesha cement S.C 2016 3000 Ethio-Cement Plc. 2014 1340

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PPC increases stake in Ethiopia's Habesha Cement to 51%

South Africa-based cement manufacturer PPC has purchased Industrial Development Corporation's stake in Habesha Cement Share Company (HCSCo), Ethiopia. The acquisition, which represents a purchase consideration of US$13 million, increases PPC's holding in the company to 51%. The transaction is due to close in December 2014.

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ICT Officer at Habesha Cement S.C, Addis Ababa, Ethiopia

We are looking for a Safety Manager with an eye for detail to identify health and safety law violations and create a plan to avoid breaking these laws in the future. The Safety Manager is also responsible for educating staff about the health and safety protocols in the workplace. Responsibilities Assess equipment to gauge if […]

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Habesha Cement resumes production

Inaugurated in April 2017 by Prime Minister Hailemariam Dessalegn, the cement manufacturing plant has the capacity to produce 1.4 million tons of cement per annum. The South African cement producer, PPC, has a 51 percent stake in Habesha Cement while the balance of the shareholding is held by around 16,000 local shareholders.

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PPC Limited completed the acquisition of additional 24% stake in

PPC Limited (JSE:PPC) agreed to acquire an additional 24% stake in Habesha Cement S.CO. from The Industrial Development Corporation of South Africa Limited and others on November 5, 2014. PPC Limited will pay $13 million for 20% stake in Habesha Cement to The Industrial Development Corporation of South Africa Limited.

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10 Largest African cement producing countries

T he demand for cement and other building materials in Africa, particularly south of the Sahara, continued mostly to develop positively in 2020 despite Covid-19. Figure 1 shows the Top 10 cement producing countries in Africa in 2020. The Top 10 account for 73.3% of the cement production and 73.8% of the cement capacity in Africa in 2020 and are home to 53.7% of the …

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South Africa's PPC acquires stake in Habesha Cement

Habesha Cement began construction of new facility South AfricaÔÇÖs Pretoria Portland CementÔÇÖs acquired a 20 percent stake in Ethiopian-based Habesha Cement Share …

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Habesha Cement seeks project funding, Ethiopia

Ethiopia-based Habesha Cement has approached the Common Market for Eastern & Southern Africa's (COMESA) PTA Bank in Burundi to source financing for its new cement project in Addis Ababa. According to reports in the Fortune, the new loan application comes after the Development Bank of Ethiopia (DBE) reversed a decision to finance more than ...

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Cement plant information for Habesha Cement S. Co.

Cement plant information including location and capacity for Habesha Cement S. Co. - Holetta. Menu Cemtech ASIA 2025; International Cement Review; Plant Data; Subscribe Login. Close. Publications ... Cemtech ASIA 2025 2-5 June 2025, Seoul, South Korea Cemtech Live Webinar: Innovations in Bulk Materials Handling for the Cement ...

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Cement factsheet: Middle East and North Africa

The November 2014 issue includes a regional report on the cement sector in the Middle East and North Africa. This comprises an article by Suez Cement Group of Companies explaining how the group is working to advance environmental standards at its facilities across Egypt. Meanwhile, Saudi Arabia's Najran Cement Company provides details on the expansion plans and waste …

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Habesha cement Share Company | 011 416 3273 | Addis Ababa

Habesha cement Share Company is located in Addis Ababa, and was founded in 2008. At this location, Habesha cement Share Company employs approximately 32 people. This business is working in the following industry: Wholesale of construction supplies. ... Africa Ave. Macsheb Wholesale of construction supplies. Aram Sarafian Trading PLC: Industrial ...

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Habesha Cement Manager, Internal Audit Jobs in Ethiopia

Habesha Cement Manager, Internal Audit Jobs in Ethiopia Purpose of the Job: To ensure the overall company's operations are in line with the company's ... Jobs in South Sudan ; Jobs in South Africa ; Jobs in Rwanda ; Jobs in Zambia ; Jobs in Malawi ; Jobs in Ghana ; Jobs in Tanzania . Scholarship 2024/25 Current Scholarships 2024/2025 ...

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PPC to build new cement plant in DRC

South Africa cement maker PPC is to invest US$230-million in building a new, one-million ton per annum cement factory and quarry in the Democratic Republic of Congo, a booming market the company describes as "severely undersupplied". ... acquiring a 27% stake in the Habesha Cement Share Company in Ethiopia for $12-million, and 51% of Cimerwa of ...

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PPC South Africa achieves two major milestones as part of its …

As part of its expansion strategy, PPC South Africa announced last week the inauguration of its Ethiopian operation, Habesha Cement. The inauguration of PPC's Ethiopia …

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South Africa's PPC invests in Ethiopian cement firm

Appropriately named Habesha, an Ethiopian term for the unity of its people, the first phase of HCSCo's plan is a US$130m state of the art cement plant with a capacity of 1.4Mta to …

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Habesha

Habesha Cement suspended production at its Holeta plant on 24 October 2017 due to youth protestors who occupied the site, according to the Reporter newspaper. The protestors took over the unit and demanded to be given jobs. ... In July 2012 PPC (Pretoria Portland Cement) and South Africa's Industrial Development Corporation (SAIDC) paid US$21m ...

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