Cement News tagged under: Cimerwa

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PPC buys majority stake in Rwanda cement producer

13 December 2012, Published under Cement News

South Africa’s leading cement producer Pretoria Portland Cement (PPC) has acquired a 51 per cent equity stake in Rwanda-based cement producer Cimerwa Ltd. The deal is worth a total cash consideration of US$69.4m. Cimerwa is situated in southwestern Rwanda and is the African country’s sole cement producer. It has a current capacity of 100,000tpa and is constructing a 600,000tpa expansion that will be commissioned in 2014. In addition to shareholder equity contributions‚ Cimerwa is in t...