All data is delayed
See More

PPC acquires Quarries of Botswana

Oct 04 2011 09:57
I-Net Bridge

Company Data

PPC Limited [JSE:PPC]

Last traded 18
Change 0
% Change 2
Cumulative volume 1218490
Market cap 0

Last Updated: 02-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

PPC profit slumps 38%

PPC warns of profit slump

PPC hit by declining cement sales

PPC hit by building slowdown

PPC boosts profit, tough times ahead

PPC mill to boost output by 30% - report

Johannesburg - As part of its southern Africa expansion strategy, Pretoria Portland Cement [JSE:PPC] on Tuesday announced the acquisition of three aggregate quarries from Quarries of Botswana for 50 million Pula ($6.8m).

New quarries in Gaborone, Francistown and Selebi-Phikwe would expand PPC's footprint and make PPC's Aggregates division the largest aggregate producer in Botswana, it said.

"Various alternatives were considered to increase PPC's aggregates presence in Botswana. Both Gaborone and Francistown are forecast to be major growth nodes in Botswana and this was an obvious choice to develop our aggregates business further.

"Acquiring the assets of an existing business made more sense than embarking on a greenfields expansion," said PPC's executive for the Aggregates division, Riaan Redelinghuys.

The investment would see PPC's aggregates division increase its total capacity from three million to about four million tonnes per annum and gain approximately 100 employees.

PPC CEO Paul Stuiver said: "We recently communicated to our investors that we are pursuing expansion opportunities in other parts of Africa; however this acquisition shows we are still considering any good opportunities to expand our local business."
pretoria portland cement



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote