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Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1221 | by Staff reporter
Global cement maker now in Zimbabwe
One of the world's top cement producers, Huaxin Cement Co. Ltd, has made a significant investment in Zimbabwe by committing US$15 million to build a new manufacturing plant in Mt Hampden. The plant, w...Published: 15 Oct 2024 at 08:25hrs | 492 | by Staff reporter
Zimbabwe allows cement imports after prices double
Zimbabweans can now freely import cement, the government says, a response to a doubling of prices caused by surging demand and depressed local production.Cement prices are rising due to a comb...Published: 09 Nov 2023 at 05:57hrs | 11 | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 1 | by Staff reporter
Power outages hit PPC cement sales
REGIONAL cement maker PPC expects sales volumes at its Zimbabwean unit will drop by 14% in the full year compared to the same period last year due to recurrent power outages and grey imports.P...Published: 17 Mar 2023 at 07:28hrs | 1 | by Staff reporter
PPC downbeat as inflation shakes Zimbabwe
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of ...Published: 24 Jun 2022 at 07:41hrs | | by Staff reporter
Is it too late for Mnangagwa to reverse course?
All reasonable men know that the people of the Rainbird are the "wisest" among the Bantu. I was made aware, quite recently that they also have a weird sense of humour. When a bad character meets his f...Published: 16 Jan 2022 at 08:59hrs | 10 | by Kenneth Mufuka
PPC projects 126% earnings rise
SOUTH African headquartered cement maker PPC says its earnings per share (EPS) for the six months ended September 30, 2021 is expected to be between US$0,63 cents and US$0,68 cents, an increase of bet...Published: 28 Nov 2021 at 08:00hrs | 8 | by Staff reporter
PPC blames cement shortages on panic buying
Zimbabwe's largest cement maker, PPC Zimbabwe says artificial shortages created by customers engaging in panic buying is adversely impacting on the country's construction industry, Business Times can ...Published: 03 Jun 2021 at 08:35hrs | | by Staff reporter
PPC boss puts 'Zimbabwe first' under robust plan
PPC Zimbabwe managing director, Kelibone Masiyane said on Thursday that the country's largest cement maker had invested almost US$120 million across its Zimbabwean operations to ramp up production....Published: 31 May 2021 at 06:41hrs | | by Staff reporter
PPC rebounds after pandemic setback
PPC Zimbabwe, the country's biggest cement maker, said on Friday it had posted strong first quarter recoveries as the Covid-19 scourge appeared to be under control, with abandoned projects now back on...Published: 30 May 2021 at 08:46hrs | | by Staff reporter
Zimbabwe hit by serious shortage of cement, PPC fails to meet orders
Zimbabwe has been hit by a shortage of cement, leaving the construction industry stranded, while in some instances resorting to the black market.The country implemented a cement import ban (SI...Published: 25 May 2021 at 13:48hrs | 8 | by Staff reporter
PPC Zimbabwe shelves Mt Darwin clinker plant construction
The country's largest cement maker, PPC Zimbabwe, has shelved plans to construct a clinker plant in Mt Darwin, Mashonaland Central Province, due to reduced construction activity in the country....Published: 10 Dec 2020 at 08:53hrs | | by Staff reporter
PPC Zimbabwe revenue declines by 20%
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...Published: 02 Jul 2019 at 08:33hrs | | by Staff reporter
'Cement pricing aligned with inflationary rise'
LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite the difficult trading conditions, average cement prices in the Southern Africa region last year increased marginally by betwee...Published: 06 Feb 2019 at 22:42hrs | | by Staff reporter
PPC mulls cement price increase
PPC Zimbabwe (PPC) is mulling an increase in cement prices to hedge against rising inflation, The Financial Gazette has learnt.In the wake of runaway United States dollar (USD) parallel market...Published: 18 Oct 2018 at 15:15hrs | | by Staff reporter
Boom in housing projects cements Lafarge optimism
LAFARGE Cement Zimbabwe Limited says it remains upbeat about its business and the future prospects of the construction industry in Zimbabwe due to strong demand of cement in the country.The co...Published: 02 Oct 2018 at 09:52hrs | | by Staff reporter
New cement plant begins production
REDCLIFF based cement manufacturer Livetouch Investments has commenced cement production at its 410 000 tonne a year capacity plant, a senior company executive said.Construction of the $34 mil...Published: 29 Oct 2017 at 07:20hrs | | by Staff reporter
PPC threatens to shut Collen Bawn plant
The country's largest cement producer, PPC Zimbabwe has hinted on a possibility to shut down its Collen Bawn plant in Gwanda citing pressure from cheap imported clinker by other producers and smuggled...Published: 28 Aug 2017 at 06:36hrs | | by Staff reporter
PPC threatened to shutdown Collen Bawn mine in Zimbabwe
LOCAL cement producers have warned of possible scaling down of operations and closures owing to an influx of cheap imported products from the region, saying protectionist measures could save the indus...Published: 29 Sep 2016 at 14:42hrs | | by Business reporter
National railways lobbies for protection law
THE National Railways of Zimbabwe (NRZ) is lobbying Cabinet for the enactment of a protectionist law to restrict the carrying of bulk cargo through rail transport.In a speech presented on Sund...Published: 10 Aug 2016 at 07:57hrs | | by Thandeka Moyo
PPC to close two mills in Bulawayo, moving to Harare
PPC Zimbabwe expects to commission its new Harare cement plant in 2016 at a cost of $80 million in addition to a new clinker mill on the Zimbabwean border with Mozambique for $200 million.&nb...Published: 21 May 2014 at 22:04hrs | | by Business reporter
PPC finalises Zimbabwe plant feasibility study
South Africa-based Pretoria Portland Cement (PPC) says it is finalising a feasibility study on the construction of a $200 million clinker production plant in Zimbabwe.The group, which owns lo...Published: 29 Nov 2013 at 10:59hrs | | by Business reporter
PPC Zimbabwe celebrates its centenary and announces expansion plans
Portland Holdings Limited (PHL), PPC's Zimbabwe subsidiary, has announced its intention to construct a new cement plant to service the Harare and central Mozambique markets. The new plant will have a ...Published: 07 Feb 2013 at 10:40hrs | 2 | by Business reporter
Lafarge targeting revenue of $70 million
Lafarge upgraded its full year revenue to December 2012 to $70 million from the $62 million target which the company had initially set in May, MD Jonathan Shoniwa told a press briefing yesterday....Published: 30 Aug 2012 at 06:05hrs | | by Business reporter
Major plant shutdown knocks Lafarge interim results
A depressed set of interims from Lafarge as the company had a major plant shutdown for two and a half months to facilitate refurbishment of its kiln coolers, cement milling plants, transport systems a...Published: 02 Sep 2011 at 07:37hrs | | by Business reporter
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