Cement News tagged under: Portland Holdings
PPC Zimbabwe secures funding for new project13 March 2013, Published under Cement NewsPPC Zimbabwe has secured US$200m to build a second plant, according to local press reports. Chief executive, Zak Limbada, said: “We have secured US$200m for the projects but I cannot disclose the source at the moment,” All Africa press quoted him as saying. “Drilling is ongoing and we hope to have sample results (of limestone) in the next two months. With the permission of various regulators, we are hoping to commence the project soon after.” In November last year, PPC announced tha... |
Zimbabwe’s PHL agrees ownership deal with government20 November 2012, Published under Cement NewsPPC-owned cement producer Portland Holdings Ltd (PHL) has agreed an ownership deal with the Zimbabwean government and plans to invest US$200m to expand its operations in the country. PPC said the deal followed a series of engagements between PHL and the Economic Empowerment Ministry which culminated with the approval of an empowerment plan that complied with the indigenisation legislation. Zimbabwe’s indigenisation and empowerment laws require foreign-owned firms to sell at least 51 pe... |
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