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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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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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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Habesha share company is registered as a cement producer in Ethiopia. The company has a cement plant in operational since its inauguration in mid-January 2017. Currently, the plant has a capacity of producing 3,000 tons of clinker which translates to 1.2 million tons of cement per year at full operation. Position: HR Officer. Purpose of the Job:
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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 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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Habesha also has an international angle in that South Africa-based Pretoria Portland Cement (PPC) and Industrial Development Corporation (IDC) have teamed up to purchase a major stake in Habesha Cement in the autumn …
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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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ETHIOPIA – Habesha Cement declared October 2016 the month for trial production at the Fourth General Assembly on February 6, 2016. The meeting held at the plant's site, in the town of …
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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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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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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 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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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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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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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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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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The factory currently produces and supplies two cement products, OPC (Ordinary Portland Cement) and PPC (Pozzolana Portland Cement). Plans are underway to address unique customer needs by introducing new and customized products …
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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 market. ... the Pretoria Portland Cement Company (PPC) and the South African state-led Industrial Development Corporation (IDC ...
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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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In May this year, prime minister Desalegn commissioned a cement making plant by Habesha Cement, which is jointly owned by South Africa's Industrial Development Corporation and Pretoria Portland Cement. The commissioning of the plant increased Ethiopia's cement production capacity to 16.4million tonnes/year, nearly ten times more than a ...
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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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Ethiopia: Prime Minister Hailemariam Dessalegn has inaugurated Habesha Cement's 1.4Mt/yr plant at Holeta in Oromia. The US$140m unit was built by Chinese contractor Northern Heavy Industry, according to the Ethiopian Herald newspaper. Dessalegn said that the new plant is part of the national plan to surpass local cement production of 27Mt/yr by the end …
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Habesha Cement Share Company (HCSC) firmly believes in the core principle that its business operation will be strong and smooth if the communities have economic, social and environmental stability. The socio-economic strength of the community is the strength of Habesha Cement Share Capital. Believing in this core principle, our company has ...
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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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The Habesha Cement concern will begin producing on an experimental [...] - 3/15/2016. The Habesha Cement concern will begin producing on an experimental [...] - 3/15/2016. Close. My Notifications Headlines The Continent. Central Africa. West Africa. Eastern Africa and the Horn. Southern Africa and islands. North Africa ...
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In Africa, countries like Egypt, Algeria, Nigeria, and Morocco lead cement production, with Ethiopia ranking seventh in East Africa. The country's cement industry is dominated by a mix of international and local players, including Derba Midroc Cement, Dangote, Mugher Cement, Messebo Cement, Habesha Cement, and National Cement, the parent ...
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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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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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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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