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News Sephaku Cement suffers from competition and imports in 2018

Sephaku Cement suffers from competition and imports in 2018

Written by Global Cement staff 06 March 2019
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South Africa: Sephaku Cement’s revenue fell by 3.1% year-on-year to US$161m in 2018 from US$167m in 2017. Its net profit dropped by 19% to US$3.3m from US$4.07m. The subsidiary of Nigeria’s Dangote Cement said that the general poor economy in the country led to an estimate 5 – 10% decline in industry sales volumes. It blamed ‘intense’ competition between clinker grinding plants, producers and importers. Its sales volumes of cement fell by 6.4%.

Last modified on 06 March 2019
Published in Global Cement News
Tagged under
  • South Africa
  • Sephaku Cement
  • Results
  • Dangote Cement
  • GCW394
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