Cement News tagged under: PPC Barnet DRC

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PPC sees rise in sales volumes in the 3Q20

16 November 2020, Published under Cement News

South Africa’s PPC has announced that its cement sales volumes increased 20-25 per cent YoY in the third quarter of 2020. "This trend has continued in October with strong cement sales volumes experienced for the month, up 15-20 per cent compared with the same period last year," said the group in an operational update. The rise in sales has been attributed to individual consumers instead of construction companies. In July-September 2020, sales volumes in PPC Zimbabwe and PPC Barnet i...

PPC considers restructuring and refinancing options

14 August 2020, Published under Cement News

Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders before taking any action. It also noted that its requirement to restructure and refinance the group was primarily a result of its investment in PPC Barnet (Democratic Republic of Congo), according to Business Day. While the company was considering a rights issue, the timing and size of it is dependent on several factors...


25 January 2018, Published under Cement News

PPC has rescheduled the debt related to its new cement plant in the Democratic Republic of Congo, PPC Barnet DRC, improving the group’s liquidity position. The new works is 69 per cent-owned by PPC, with a further 21 per cent stake held by local partner, Barnet Group, and 10 per cent by International Finance Corporation (IFC). PPC has successfully finalised a two-year capital repayment moratorium with IFC resulting in total capital requirements for PPC Barnet DRC being limited to interest...

PPC eyes longer-term growth outside of Africa

16 March 2016, Published under Cement News

PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16.  In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc...

PPC Barnet awards Sinoma DR Congo contract

11 August 2014, Published under Cement News

A new US$300m cement plant will be built in the Democratic Republic of Congo. The 1Mta cement works, owned by PPC Barnet DRC, will be located near Zamba, in the Cataracts district, around 230km from the capital Kinshasha. The construction of the plant is expected to take around 26 months to complete and will see the building of a fully-integrated works with a five-stage preheater kiln and inline calciner. To mark the inaugural phase of the project, PPC Barnet DRC signed an engineering,...