07 June 2017
Dominican cement sales rise 7.5% in 2016 07 June 2017
Dominican Republic: Adocem, the association of Portland cement manufacturers in the Dominican Republic, has highlighted the contribution of the local cement industry towards the country's development. According to Rayza Rodriguez, the new president of Adocem, the cement industry recorded a 7.5% rise in sales during 2016 compared to 2015, whereas it grew by 3.5% in the first quarter of 2017.
PPC reports 93% dive in earnings 07 June 2017
South Africa: PPC has reported a 93% decline in full-year earnings due to a liquidity crisis precipitated by the cut in its credit rating to junk status during the first quarter of 2017. PPC, which is still negotiating a possible merger with rival Afrisam, said that headline earnings per share fell to just US$0.005 from US$0.083 in the comparable period of 2016.