PPC Zimbabwe cement sales climb

PPC Zimbabwe cement sales climb
16 May 2010

Pretoria Portland Cement’s Zimbabwean division trebled sales to 35,000t per month from 10,000t.

This resulted in the local division contributing significantly to group revenue compared to South Africa and Botswana operations, for the interim period ending March 2010.

PPC’s cement volumes in South Africa and Botswana declined by 15 per cent, mainly due to a continued decline in residential building activity and a lack of new construction and infrastructure projects.

PPC chief executive Mr Paul Stuiver said overall cement volumes in the six months fell eight per cent, even as sales in Zimbabwe more than trebled.

PPC, however, reported a significant surge in administration and operating expenditures, mainly attributable to the consolidation of PPC Zimbabwe’s overheads.

The group said operating conditions in Zimbabwe were still being hampered by numerous electricity load-shedding interruptions.
Published under Cement News