PPC Zimbabwe, one of the largest cement producers in Zimbabwe has commissioned a new $85m plant in Harare, as it seeks to double its production to 1.4 million tonnes per year. The firm is targeting exports to regional countries but has been constrained by high manufacturing costs in Zimbabwe.
During the commissioning of the new plant, PPC managing director, Kelibone Masiyane said:
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
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.
More: The Source