PPC Zimbabwe volumes fall 5pct in H1

PPC Zimbabwe volumes fall 5pct in H1

HARARE, November 18 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) on Friday reported a five percent drop in volumes at its Zimbabwe unit for the six months to September 30, citing low construction business.

Local pricing was 10 percent down compared to the corresponding period in the prior year as the company sought to ward off competition from cheap imports.

The company commissioned a 700,000 tonne cement plant in Harare last Friday.

“The Zimbabwe milling plant in Harare (Msasa) was commissioned on time (August 2016) and under budget and has sold its  first 1,000 pallets (2,000 tonnes) of bagged cement,” said the company in a statement.

Going forward, the company said it will focus on optimising the Harare plant.

PPC has two other plants in Zimbabwe, in Bulawayo and Colleen Bawn near Gwanda with production capacity of 700,000 tonnes  annually.

Aside from Zimbabwe,PPC has operations in South Africa, Ethiopia, Democratic Republic of Congo, Botswana and Rwanda.