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PPC to build factory in Zimbabwe

Nov 21 2012 19:01 Reuters

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Johannesburg - South Africa's Pretoria Portland Cement plans to build a $200m cement factory in Zimbabwe, Business Day reported on Wednesday, citing the Zimbabwe head of Africa's biggest cement maker.

"The whole plant will be funded to the tune of $200m and will have a capacity to produce 1 million tonnes," the newspaper quoted Zak Limbada as saying.

PPC told Reuters last week it could spend up to $300m expanding further into Africa as part of plans to make as much as 50% of its revenue outside South Africa in the next year.

The company said it has not made a formal announcement about building a plant in the southern African country, where it already runs two manufacturing plants.

"We will look to pursue investment opportunities in Zimbabwe. We are hoping that by Q1 2013, we can make an announcement on two of the four deals that we are pursuing," spokesperson Kevin Odendaal told Reuters.
ppc  |  pretoria portland cement  |  zimbabwe
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