Zimbabwe: PPC to invest US$200mn in production units to 2020
First publishedon www.AggBusiness.com
The Zimbabwean unit of South Africa-based cement group PPC is investing US$200 million (€180.92 million) to 2020 to expand its production facilities, planning 1.2 million tonnes of total annual capacity.
It is currently opening a new milling plant in Harare for $86 million, to start operating in mid-2016.
The company currently runs milling and clinker assets in Bulawayo and Gwanda, and while current PPC Zimbabwe operations are only running at 70% capacity, Njombo Lekula, managing director is reported as saying that demand is ramping up as a result of infrastructure projects such as the expansion of the Kariba Dam.
PPC plans to receive 40% of its revenue from outside South Africa by 2017, and is developing projects in other locations including Rwanda, Ethiopia and the DR Congo.