| Sector |
|
Basic Industries - Construction and Building Materials |
| Short Name |
|
Ceramic |
| JSE |
|
Code CRM |
| Registration number |
|
1982/008520/06 |
| Date Listed |
|
1992 |
| Exchanges |
|
JSE Securities Exchange |
| Nature of Business |
|
The Group is the largest Southern African manufacturer of ceramic tiles and vitreous china sanitaryware. |
| Brand Names |
|
SAMCA Tiles
NCI Tiles
Betta Sanitaryware
Vitro Punched Tiles
Pegasus Pressed Tiles |
| Shares in Issue |
|
18 263 543 |
| Total Assets |
|
R997,4 million (31/07/05) |
| Market Cap |
|
R2.5 billion |
| Major Shareholders |
|
Rallen (Pty) Ltd 56.82%
Old Mutual Nominess 7.58%
Ceramic Industries Share Trust 5,94% |
| Directors |
|
G A M Ravazzotti (Non-executive Chairman)
N Booth (CEO)
S D Jagoe (ne)
E M Mafuna (ne)
L E V Ravazzotti (ne)
K M Schultz (ne)
G Zannoni (ne) It
N D Orleyn (ne)
D R Alston (e) |
| Telephone |
|
+27 16 930 3600 |
| Fax |
|
+27 16 930 3650 |
| Physical Address |
|
Farm 2, Old Potchefstroom Road,
Vereeniging
1369, Rivonia, 2128 |
| Postal Address |
|
|
|
| Market price per share |
|
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
| - Closing at year-end |
cents |
12 550 |
10 705 |
6 000 |
6 200 |
7 200 |
5 400 |
| -High |
cents |
15 000 |
11 000 |
7 050 |
7 900 |
7 700 |
5 400 |
| -Low |
cents |
10 750 |
6 200 |
5 500 |
6 000 |
5 000 |
3 300 |
| Volume of shares traded as % of issued shares |
% |
8.2 |
6.3 |
9.1 |
3.6 |
6.0 |
5.2 |
| Closing share price as % of net asset value per share |
% |
270.8 |
262.73 |
186.2 |
225.2 |
308.1 |
317.8 |
| Number of transactions recorded on the JSE Limited SA |
|
1013 |
682 |
1087 |
881 |
1088 |
943 |
| Number of shares traded |
000's |
1494 |
1155 |
1656 |
655 |
1091 |
950 |
| Value of shares traded |
R000's |
188 427 |
109 930 |
103 977 |
46 134 |
69 285 |
38 550 |
|
The Group’s culture of openness, accountability and integrity reflects its commitment to best practice and takes cognisance of the King II Report on Corporate Governance. The Group takes pride in its ethical and transparent
management of the business, following not only universally accepted corporate practices for risk but also living the ethics and providing strong assurance to its shareholders and other stakeholders.
Ethics committee
The Group prides itself on its commitment to principles of integrity, human dignity and fairness in practice. The Group operates under a comprehensive ethics policy, which comes second only to its business values. The ethics
policy governs the actions of every person employed by the Group with the example set by the management team. An “open door” policy throughout the organisation with highly visible management on factory fl oors encourages informal processes to report unethical behaviour at all levels.
HIV and Aids
The Group is acutely aware of the threat of HIV and Aids in South Africa. As such, it has developed a fully-comprehensive programme for employees affected by the disease. Voluntary counselling and testing, anti-retroviral medication as well as comprehensive lectures on wellness and nutrition are readily available at all of its factory sites. During the year, a pleasing
30% of employees agreed to undergo anonymous voluntary counselling and testing for HIV and Aids.
The cost of implementing health and safety initiatives, including the HIV and Aids programme, was R303 843 during the year under review.
Corporate Social Investment (CSI)
While the Group has no formal CSI policy, it has been involved in a number of ad hoc projects and donations to benefi t the local community, the amount of which has not been formally tracked. Following the relocation of its administration and service centre to the Vaal Triangle, it plans to invest and
become involved in improving the environment for the local community where there is signifi cant potential to assist in its enhancement.
Environmental impact
Overall policy and standards
The Group recognises that due to the nature of its mining activities, there is potential for negative impacts on the environment. It is therefore a high priority for the Group long-term sustainability to mitigate any such effects at
every possible opportunity.
The Group complies with relevant environmental legislation and is currently evaluating the impact of its seven quarries with regard to air pollution in order to ensure it complies with the new Air Pollution legislation to be enacted next year.
Awareness of environmental issues is raised amongst employees through the Group’s comprehensive environment protection policy. This is complemented
by environmental management plans (EMPs) at eachof the Group’s factories and quarries. The EMPs aim to systematically and effi ciently ensure that the Group’s goal of sustainable development is not at the expense of the environment. This is achieved through environmental impact assessments (EIAs) on all new projects to assess potential environmental consequences as well as preventive remedial actions. EIAs are incorporated into each site’s EMP and monitored for effectiveness for the duration of the project.
Impacts
Water, energy, clay and glaze are the key materials used by the Group in the execution of its business. The Group is currently seeking to drive down its current fuel consumption. No hazardous emissions are produced by
the company in its daily business activities and it has resolved to use only natural gas in an effort to protect the environment from CO2 emissions.
The Group produces approximately 500 tons of fi red scrap per month, which is used to fi ll and shape redundant quarries so that the environmental impact is minimised and the land may be rehabilitated and used for other
purposes. The Group’s new administration and service centre in the Vaal Triangle is situated on the site of a rehabilitated quarry.
Substantial quantities of water are used in the daily mining operations of the Group, largely to reduce the amount of dust in the air. Borehole water is used whenever possible, providing this does not infringe any municipal regulation.
The Group’s objective is to clean all water that is released back into the environment from their operations. This is currently the case at its Betta site and is being followed through to its other sites.
Environmental sponsorships
As a Group-wide initiative, Ceramic Industries supports the World Wildlife Fund (WWF) as part of its corporate social investment activities. WWF is the world’s largest privately fi nanced conservation organisation, working in more than
100 countries to conserve the diversity of life on Earth. |
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