23 February 2016
Strike ends at LafargeHolcim South Africa 23 February 2016
South Africa: Striking Lafarge South Africa employees affiliated to the National Union of Mineworkers (NUM) have returned to work after a 12-day strike, according to Lafarge South Africa. The industrial action involved disputes on several issues, including a salary increase.
"We are pleased that we have been able to negotiate solutions that benefit our employees. While our operations were not grossly impacted, we are happy to announce that we are running at full capacity," said Unathi Batyashe-Fillis, Country Manager for Communications and Public Affairs at Lafarge South Africa.
Lafarge reported that an agreement had been reached on an 8% salary increase effective from 1 January 2016, a commitment to tighten salary gaps per job category by the end of April 2016 and a one-off fixed housing grant of US$4640 per employee to acquire or build a house. The grant would, after two years of implementation, be increased by a sum equal to the annual average inflationary rate for workers.
Around 800 NUM affiliated employees demanding initially a 13% raise and a US$3310 housing grant, according to Reuters. The union has confirmed that the deal has been accepted.
Lucky Cement reports US$60m net profit for second half of 2015 23 February 2016
Pakistan: Lucky Cement has reported a 11.7% year-on-year rise in its net profit to US$60m in the half-year that finished on 31 December 2015. Its net sales revenue rose by 2% year-on-year to US$209m from US$204m. It attributed the rise to an increase in sales volumes.
Local sales volumes for the company for the period increased by 19.7% to 2.42Mt from 2.02Mt. However, export sales volumes fell by 27% to 0.9Mt from 1.23Mt.
Lucky Cement has also decided to set up another 10MW waste heat recovery (WHR) plant at its Pezu Plant, which is expected to be completed by December 2016. The company additionally reported on progress at other projects, including an integrated cement plant in the Democratic Republic of Congo, a 660MW coal-based power project, a 50MW wind farm and an electricity supply to Pesco and a WHR unit at the Pezu power plant.