Harare - PPC, South Africa’s largest cement maker, plans to boost production capacity by as much as 75% as it targets more projects across the continent.
According to a statement released by the company on Tuesday, it is aiming to be a 14 million tonne player by 2017. Current expansion projects will increase that to 11 million tonnes by 2015.
The company is expanding with new plants across Africa at a cost of $1.04bn to meet demand in countries that are net importers of cement.
PPC has already started expansion projects in Rwanda, the Democratic Republic of Congo, Zimbabwe and Ethiopia, with a fifth planned.
PPC is targeting 40% of sales outside South Africa by 2017, compared with 26% in the six months through March 2014.
In the six months to March PPC, reported a 2% growth in cement sales supported by increased export sales and consolidation of new businesses. The performance was however offset by declines in South Africa, Botswana and Mozambique.
- Fin24
According to a statement released by the company on Tuesday, it is aiming to be a 14 million tonne player by 2017. Current expansion projects will increase that to 11 million tonnes by 2015.
The company is expanding with new plants across Africa at a cost of $1.04bn to meet demand in countries that are net importers of cement.
PPC has already started expansion projects in Rwanda, the Democratic Republic of Congo, Zimbabwe and Ethiopia, with a fifth planned.
PPC is targeting 40% of sales outside South Africa by 2017, compared with 26% in the six months through March 2014.
In the six months to March PPC, reported a 2% growth in cement sales supported by increased export sales and consolidation of new businesses. The performance was however offset by declines in South Africa, Botswana and Mozambique.
- Fin24