Chief executive Mr Ketso Gordhan said PPC would spend
This additional spending will increase PPC's capital spending budget by about 30 percent from the original
Last year, the company announced a capital expenditure budget of
"PPC expansion plans (will) be achieved by backward integration in a phased approach," said
"First, (will be the) construction of 100 tonnes per hour cement mill (or 700 000 tonnes per annum) in
This will be followed by construction of a clinker plant and a mill at a cost of
"The modern efficient mill in
PPC also faces stiff competition from Lafarge and Sino Zimbabwe.
"Tough economic conditions had occasioned low cement prices," said
The South African rand devaluation has favourably impacted on the company's revenues, while the benefits of investment in palletiser and right-sizing of operations are being realised.
He, however, noted that local demand for cement was likely to surge, supported by strong recovery of the construction industry.
There is also huge potential in revamping the country's infrastructure and address significant related bottlenecks.
According to the
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