Categories: Stories

PPC commissions $85 million cement plant in Zimbabwe

PPC Zimbabwe says it expects to increase exports into the region after commissioning a $85 million plant in Harare which will double the firm’s cement production capacity to 1.4 million tonnes per year.

Apart from PPC, Zimbabwe’s cement industry comprises of two other players, Larfarge Zimbabwe and Sino-Zim with installed capacity of 450 000 tonnes and 250 000 tonnes respectively.

The country’s demand for cement for the year is estimated at 1.17 million tonnes.

“At the moment we are exporting very little into Zambia, Malawi and Mozambique but it is nothing really to write home about,” said PPC managing director, Kelibone Masiyane today during a tour of the new plant.

“We have to intensify our efforts to try capture that market but already we are at a disadvantage because the manufacturing cost in Zimbabwe is pretty high. So to compete in those markets will be pretty difficult but we are looking at the benefits that will come from this increased capacity,” he said. 

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

“The market might be depressed at the moment but this investment it is strategic.  We understand that currently the economy is in turmoil but we have a long range view for Zimbabwe we have confidence that it will take a turn.  

Apart from South Africa and Zimbabwe, PPC also has units in Botswana, Ethiopia, Rwanda.-The Source

Ed: With Zimbabwe already producing more than two million tonnes of cement a year, one wonders whether Africa’s richest man Aliko Dangote is still going to build another cement plant in the country.

(63 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on November 11, 2016 8:51 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024