Cement News tagged under: PPC Zimbabwe
PPC Zimbabwe reports loss of export competitiveness09 February 2018, Published under Cement NewsPPC Zimbabwe says the loss of export competitiveness is adversely affecting its operations and remains a risk to sustainable growth, reports the Chronicle. The fall in exports has been attributed to high production costs and cash shortages in the country. To counter the issue, the company has appealed to the Zimbabwe government to increase export incentives and protect firms against losses incurred when exporting to regional markets. “The cash shortage has adversely affected the compa... |
PPC Zimbabwe files High Court application12 December 2017, Published under Cement NewsPPC Zimbabwe has filed a High Court chamber application for an interdict order to stop the Zimbabwe Revenue Authority (ZIMRA) from recovering a disputed US$3m interest and liability claim from its accounts, according to NewsDay. PPC Zimbabwe has stated in its application that ZIMRA was threatening to recover the money although the issue had yet to be resolved in court. ZIMRA’s interest and liability claim is based on the interest accrued on a tax liability claim of US$22m, which PPC Zimba... |
PPC Zimbabwe's MD vows recent investments will come good21 September 2017, Published under Cement NewsPPC Zimbabwe's Managing Director, Kelibone Masiyane, has spoken out on the long-term commitment to the local cement market and on its recent Harare and Colleen Bawn investments. PPC Zimbabwe has invested over US$120m in different projects in Zimbabwe since 2009 and is looking forward to do more, Mr Masiyane told NewsDay. "We have invested over US$120m [since 2009]. Recently, we just commissioned the Harare plant at a cost of US$82m. In Colleen Bawn we installed modern great cooler at a ... |
PPC Zimbabwe achieves record cement volumes25 August 2017, Published under Cement NewsPPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of its new US$82m grinding plant in Harare. The group's interim CEO, Johan Claassen, said Zimbabwe operations continue to exceed expectations, with the investment in the 1.8Mta Harare mill contributing to volume growth. "PPC Zimbabwe also saw double-digit volume growth compared with last year, and in June 2017 recorded the highest monthly volumes since June 1999," he said. ... |
Zimbabwe: President Mugabe opens PPC cement grinding plant in Harare30 March 2017, Published under Cement NewsPPC's US$85m cement 0.7Mta grinding plant at Msasa, Harare, has been officially opened by President Robert Mugabe. The plant is PPC’s third production site in the country. The facility features a cement ball mill with dynamic separator and road and rail off-loading facilities. This is in positioning PPC to meet local demand, as well as boost the country’s ability to export to the region. The PPC's collective capacity now stands at 1.4Mta, allowing the firm to export further to its neig... |
Zimbabwe: PPC calls for import ban15 March 2017, Published under Cement NewsIn 2016 the Zimbabwean government introduced a 25 per cent duty on every 100t of imported cement to discourage cheap imports. However, according to PPC Zimbabwe, imports continue to enter the country. “In addition to liquidity challenges, we continue to face pressure from cheap imports. Government has tried to assist by introducing duty on imported cement, but the reality on the ground is that imports continue to pour in, particularly from Zambia,” PPC Zimbabwe Managing Director, Kelibone... |
Zimbabwe: PPC capacity utilisation “less than ideal”10 March 2017, Published under Cement NewsThe managing director of PPC Zimbabwe, Kelibone Masiyane, has admitted that his firm’s capacity utilisation is “less than ideal” due to the downturn in the country’s economy, the Chronicle writes. Mr Masiyane said that reduced economic activity had led to a drop in demand for PPC’s output but insisted that conditions would improve in the short- to medium term. In November PPC Zimbabwe expanded its capacity in the country with the opening of a new grinding plant in Harare. |
National Railways of Zimbabwe benefits from PPC business27 February 2017, Published under Cement NewsPPC’s new Msasa plant in Harare, Zimbabwe, has enabled National Railways of Zimbabwe (NRZ) to move 1Mt of freight between October 2016 and February this year, following the purchase of 31 wagons from China. Last November, PPC Cement commissioned a US$85m plant in Harare that produces 0.7Mta of cement but engaged the NRZ to move clinker from its Colleen Bawn plant, near Gwanda, to the Msasa operation. "The 31 wagons which have carrying capacity of 54t each, have increased capacity in upl... |
Zimbabwe: PPC sales to December up 9%07 February 2017, Published under Cement NewsPPC says sales at its Zimbabwe unit rose by nine per cent in the nine months to December 2016 after commissioning its Harare plant. The Harare plant was commissioned in November last year and doubled its total output to 1.4Mt of cement. In a trading update, PPC however, said liquidity challenges in the country continue to harm efforts to import key raw materials. "…management is exploring various solutions to overcome these challenges," said PPC. The company also reported that its Hara... |
Zimbabwe: PPC commissions its Harare grinding unit15 November 2016, Published under Cement NewsPPC Zimbabwe says it expects to increase exports into the region after commissioning a US$85m grinding plant in Harare which will double the firm’s cement production capacity to 1.4Mta. "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," said PPC Z... |