PPC Zim volumes in double digit growth

PPC Zim volumes in double digit growth

HARARE, August 22 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill.

Last November, the company commissioned an $82 million plant in Harare, doubling its capacity to 1,4 million tonnes per annum in the country.

“Our Zimbabwe operations continue to exceed expectations, with the investment in the Harare mill contributing to volume growth,” the group said in a trading update.

“PPC Zimbabwe also saw double digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999.”

Without giving specific figures, the group said revenue had tracked ahead of the comparative period last year, whilst group EBITDA was in line with the previous year.

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