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PPC Zimbabwe increases sales volumes

06 Feb, 2018 - 13:02 0 Views
PPC Zimbabwe increases sales volumes PPC Zimbabwe

eBusiness Weekly

HARARE – Cement manufacturer, Pretoria Portland Cement (PPC) on Monday said sales from its Zimbabwe operations  for the nine months to December 31 last year increased by between 30 to 40 percent. PPC is a South African cement producing company with operations in  several other countries on the continent including Rwanda, the DRC and  Botswana.

In Zimbabwe, PPC operates three plants including the new $82 million  plant in Harare, which was commissioned in August last year and produces 700 000 tons of cement. The other two plants are in Bulawayo and Colleen Bawn near Gwanda, with  combined annual production of 700 000 tons, bringing the total annual  production of the company to 1,4 million tons of cement. In a trading update, PPC said its Zimbabwe business continued to  surpass expectations.

“PPC Zimbabwe continues to exceed expectations, with sales volumes  growing by 30 to 40 percent compared to last year, supported by the  retail segment,” the company said.

“Pricing, in US dollars, has marginally exceeded that of the prior  year. We continue to closely monitor the liquidity situation in  Zimbabwe.” It said in Rwanda, sales volumes grew by between 20 to 30 percent as  pricing remained relatively stable.

“Successful implementation of the route to market strategy (in Rwanda)  with a rise in bulk demand and increased export volumes has contributed  to the positive performance,” it said. In the DRC, an improvement in monthly sales was recorded beginning  September last year.

“Whilst the trading environment has remained competitive, with muted  growth, we have succeeded in increasing our market share further towards  the end of the period to between 25 to 30 percent.” PPC chief executive Johan Claassen said the company continued to make  good progress in growing its footprint and market.

“We successfully negotiated a two-year moratorium on capital repayments  in the DRC, which has further improved our liquidity position. We have  maintained our market leading position in South Africa despite the  competitive trading environment. The Rest of Africa portfolio continues  to grow, delivering solid results ahead of the same period last year,” he said. – New Ziana

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