PPC volumes up 25pct in eight months

PPC volumes up 25pct in eight months

BULAWAYO, September 26 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new 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.

In an investor presentation at the RMB Morgan Stanley Big Five Investor Conference in Cape Town underway on Tuesday, PPC said it has also achieved year on year growth in the Harare region of between 40 and 50 percent.

It added capacity utilisation at its Zimbabwe plants was between 50 to 60 percent year to date.

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