PPC on track to set up new plant in Mashonaland

PPC on track to set up new plant in Mashonaland
Published: 17 July 2013
Pretoria Portland Cement says it is on track with a feasibility study to set up a new cement plant in Mashonaland.

The company last year announced plans for a massive investment in Mashonaland for a new cement factory.

Presently, the company manufactures cement at its factory at Cement Siding on the outskirts of Bulawayo.

In a commentary of its results for the financial year ending 31 March, PPC said the new plant would produce one million tonnes of cement a year to meet growing demand for the product.

Demand for cement in Zimbabwe is projected to rise as the country embarks on major infrastructural projects after years of economic stagnation.

According to PPC, the company's sales volumes in the country increased by 15 percent in the period under review, while the group's total sales increased by six percent.

"We are pleased to report that PPC's cement sales volumes in Zimbabwe and South Africa have increased for the period. This encouraging trend was, however, tempered by weakness in cement sales in Botswana as well as lower demand in the lime and aggregates division," said PPC chief executive Mr Ketso Gordhan. 
- chronicle

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