PPC Zimbabwe to invest US$86m in extra capacity

PPC Zimbabwe to invest US$86m in extra capacity
Published: 24 October 2014

Tagged Under: Capacity investment Zimbabwe PPC 

PPC Zimbabwe announced a US$86m investment package in Zimbabwe over the next three years as it expects rising cement demand due to infrastructure projects despite a generally stagnating building sector. The funds are earmarked for manufacturing capacity and equipment.

Road-building projects and exports to Zambia, Malawi and Mozambique are generating “significant” demand, according to the company’s MD, Lekula Njombi. The cement producer also expects to supply product to private-sector power generation projects. “The construction industry is a bit stagnant at the moment, but there’s some positive movements in infrastructure development, particularly roads and various activities in power generation,” he said.