PPC acquires Quarries of Botswana
As part of its southern Africa expansion strategy, Pretoria Portland Cement (PPC) has acquired three aggregate quarries from Quarries of Botswana.
The BWP50m (US$6.8m) acquisition is part of the South Africa cement giant’s expanding footprint and will make PPC’s Aggregates division the largest aggregate producer in Botswana.
New quarries in Gaborone, Francistown and Selebi-Phikwe, will expand PPC’s existing portfolio in Botswana to meet the local market demand for aggregates.
"Various alternatives were considered to increase PPC’s aggregates presence in Botswana. Both Gaborone and Francistown are forecast to be major growth nodes in Botswana and this was an obvious choice to develop our aggregates business further. Acquiring the assets of an existing business made more sense than embarking on a greenfields expansion" says PPC’s executive for the Aggregates division, Riaan Redelinghuys.
The investment will see PPC’s Aggregates division increase its total capacity from 3Mta to about 4Mta and gain approximately 100 employees.
Published under Cement News
