Cement News tagged under: PPC Zimbabwe

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Zimbabwe: PPC threaten shutdown over cheap cement imports

30 September 2016, Published under Cement News

Darryl Castle, PPC chief executive, has told the Zimbabwean government to curb imports of cement, or his company will close its mining operations in the country and import finished cement from South Africa. According to Bulawayo 24 News, cement producers in Zimbabwe are pushing the government to lower duty on raw material imports and to cancel – or at least review – all current import permits. The government has said it will impose a tariff of US$100/t on imported cement effective from...

Zimbabwe: PPC's Harare plant to create growth opportunities

15 September 2016, Published under Cement News

Pretoria Portland Cement (PPC) Zimbabwe says its new US$75m Harare plant wil be commissioned at year-end. PPC Zimbabwe Managing Director, Kelibone Masiyane, told NewsDay all was set for the biggest project to roar into life by the end of the year. The new facility will produce 0.68Mta of cement. "The Harare Msasa project is at an advanced stage, with commissioning already in progress and plant handover is on schedule for year-end," he said. "The new plant in Harare creates opportunities f...

Rwanda: PPC revenues boosted by Cimerwa

05 July 2016, Published under Cement News

Cimerwa Ltd’s contribution to Pretoria Portland Cement’s (PPC) revenues helped cushion the company’s turnover in the six months ending 31 March 2016. According to the Johannesburg Stock Exchange, PPC holds a 51 per cent stake in the Rwandan cement company. While PPC’s results show bases in Botswana, South Africa and Zimbabwe were depressed due to a shrinking market and falling prices, a recently-commissioned plant in Rwanda added almost ZAR200m (US$13.5m) to the group’s revenue. Despit...

Zimbabwe: firms face closure

13 May 2016, Published under Cement News

Due to an influx of cheap imported products in Zimbabwe, local cement producers have warned of a possible scaling down of operations and closures, saying protectionist measures are needed to save the industry. In a recent position paper presented to the Ministry of Industry and Commerce by the Cement and Concrete Institute of Zimbabwe, local cement manufacturers have called for the government to ban imported cement, among other interventions, saying the market is oversupplied. Some measu...

PPC’s Harare plant on course for 2016 commissioning

24 March 2016, Published under Cement News

Zimbabwe’s deputy minister for industry and commerce, Chiratidzo Mabuwa, has welcomed PPC’s commitment to investing in the country as the company confirms that it expects its second mill, a 0.7Mta unit in Harare, to be commissioned in late 2016. According to reports in News Day, Ms Mabuwa told delegates at the Zimbabwe-South Africa Investment and Trade Initiative meeting in Bulawayo last week that PPC’s presence was a sign that the country was open for foreign investment. “The company ...

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...

New managing director of PPC Zimbabwe appointed

24 February 2016, Published under Cement News

PPC has appointed Kelibone Masiyane as managing director of PPC Zimbabwe. Following the recent re-deployment of former managing director of PPC Zimbabwe Njombo Lekula as the managing director of PPC's international operations, the country's executive team has been further strengthened through a number of new appointments. "Kelibone's promotion will see him assume overall responsibility for PPC Zimbabwe's business, with his key focus our Harare factory," notes Lekula. "His extensive operati...

PPC Zimbabwe's capacity to rise to 1.5Mta in 2016

04 September 2015, Published under Cement News

Pretoria Portland Cement (PPC) plans to expand its cement capacity to 1.5Mta from the current 1.1Mta, following the completion of the company's new Msasa cement plant next year. The US$86m Msasa plant is expected to be commissioned in September 2016. The group expects to invest a total US$$200m on the 0.7Mta Msasa plant when the company finalises the entire project. The firm is still looking for a reliable source of limestone for the second phase of the project which entails establishment ...

PPC Zimbabwe on course for 2016 mill commissioning

09 March 2015, Published under Cement News

PPC Zimbabwe Ltd is expected to commission its new cement mill at its plant in Harare next year, an official has said. "We are spending about $75m on our Harare mill this year and we are expecting to commission it in the first quarter of 2016," PPC Zimbabwe managing director Njombo Lekula told AllAfrica news. Mr Lekula said that the company was also investing over $6m dollars on their Bulawayo and Colleen Bawn plants aimed at improving production. "We will be spending about $6.4m for our ...

PPC Zimbabwe set for Harare plant construction

29 July 2014, Published under Cement News

PPC Zimbabwe said that preliminary work for a new plant in Harare is complete and construction is scheduled to begin next month. The country’s leading cement producer has reportedly secured approximately US$18m for the construction of the grinding facility, managing director, Njombo Lekula, told The Herald Business last week. Road access network to the Harare plant has been completed and a temporary office has already been set up, paving the way for construction to begin in August. Mr L...