Cement News tagged under: PPC Zimbabwe

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PPC Zimbabwe's cement sales volumes fall by 25%

04 September 2019, Published under Cement News

PPC Cement's Zimbabwean cement sales volume contracted by 25-30 per cent in the four months ended 30 June 2019. The country has been hit by fuel and electricity shortages and other economic pressures. "Overall cement sales volumes contracted by between 25-30 per cent due to a weaker economic climate. Cement pricing, which was aligned with input cost inflation, was higher than the previous comparable period," PPC said. "Trading conditions in Zimbabwe remain challenging, due to liquidit...

PPC Zimbabwe calls on government to protect local cement production

21 March 2019, Published under Cement News

Zimbabwe’s largest cement producer, PPC Zimbabwe, has called on the government to pass legislation to protect domestically-produced cement from imports. Last year, the government lifted a two-year import bank on some basic commodities, including cement, to reduce the shortages that drove the public into panic buying. This has had a negative impact on local cement producer competitiveness, according to PPC Zimbabwe’s Managing Director, Kelibone Masiyane. “What really has rendered us uncom...

Zimbabwe's cement demand outpaces supply

07 September 2018, Published under Cement News

Zimbabwe is facing a cement shortage due to demand temporarily outpacing supply. The Confederation of Zimbabwe Industries (CZI) has demanded answers from the country's cement producers regarding the shortages. "We met the cement producers yesterday and they all said they are operating at full throttle. Sales are going on. Usual informal traders were taking advantage of the situation and hoarding cement for speculative purposes," said Sifelani Jabangwe, president of the CZI. As a result...

PPC Zimbabwe to keep Colleen Bawn plant open

15 February 2018, Published under Cement News

Pretoria Portland Cement (PPC), has cancelled plans to shut down its Colleen Bawn cement plant in Gwanda, Zimbabwe, following talks with the government. Late last year PPC Zimbabwe had suggested the possibility of closing the factory in Matabeleland, citing pressure from cheap imported clinker, smuggling of cement products and high local manufacturing costs. "We have continued to engage the Zimbabwean Government. PPC Zimbabwe appreciates the support we have so far received, as expressed...

PPC Zimbabwe reports loss of export competitiveness

09 February 2018, Published under Cement News

PPC Zimbabwe says the loss of export competitiveness is adversely affecting its operations and remains a risk to sustainable growth, reports the Chronicle. The fall in exports has been attributed to high production costs and cash shortages in the country. To counter the issue, the company has appealed to the Zimbabwe government to increase export incentives and protect firms against losses incurred when exporting to regional markets. “The cash shortage has adversely affected the compa...

PPC Zimbabwe files High Court application

12 December 2017, Published under Cement News

PPC Zimbabwe has filed a High Court chamber application for an interdict order to stop the Zimbabwe Revenue Authority (ZIMRA) from recovering a disputed US$3m interest and liability claim from its accounts, according to NewsDay. PPC Zimbabwe has stated in its application that ZIMRA was threatening to recover the money although the issue had yet to be resolved in court. ZIMRA’s interest and liability claim is based on the interest accrued on a tax liability claim of US$22m, which PPC Zimba...

PPC Zimbabwe's MD vows recent investments will come good

21 September 2017, Published under Cement News

PPC Zimbabwe's Managing Director, Kelibone Masiyane, has spoken out on the long-term commitment to the local cement market and on its recent Harare and Colleen Bawn investments. PPC Zimbabwe has invested over US$120m in different projects in Zimbabwe since 2009 and is looking forward to do more, Mr Masiyane told NewsDay. "We have invested over US$120m [since 2009]. Recently, we just commissioned the Harare plant at a cost of US$82m. In Colleen Bawn we installed modern great cooler at a ...

PPC Zimbabwe achieves record cement volumes

25 August 2017, Published under Cement News

PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ...

Zimbabwe: President Mugabe opens PPC cement grinding plant in Harare

30 March 2017, Published under Cement News

PPC's US$85m cement 0.7Mta grinding plant at Msasa, Harare, has been officially opened by President Robert Mugabe. The plant is PPC’s third production site in the country. The facility features a cement ball mill with dynamic separator and road and rail off-loading facilities. This is in positioning PPC to meet local demand, as well as boost the country’s ability to export to the region. The PPC's collective capacity now stands at 1.4Mta, allowing the firm to export further to its neig...

Zimbabwe: PPC calls for import ban

15 March 2017, Published under Cement News

In 2016 the Zimbabwean government introduced a 25 per cent duty on every 100t of imported cement to discourage cheap imports. However, according to PPC Zimbabwe, imports continue to enter the country. “In addition to liquidity challenges, we continue to face pressure from cheap imports. Government has tried to assist by introducing duty on imported cement, but the reality on the ground is that imports continue to pour in, particularly from Zambia,” PPC Zimbabwe Managing Director, Kelibone...