PPC $80 million cement plant nears completion

Regional cement producer Pretoria Portland Cement (PPC) says its $80 million cement plant in Harare, aimed at ramping up production, is now over 55% complete.

The plant has a capacity to produce 680 000 tonnes of cement annually and is expected on line this year.

In its investor update presentation reflecting group performance during the first five months of the financial year, PPC said its projects in Zimbabwe were shaping up.

The group said cement volumes were down 1% for the first five months of the financial year, while sales in the South Africa cement business rose 2% while they declined in the international businesses.