Positive performance from PPC’s pan-African operations
Published by Jonathan Rowland,
Editor
World Cement,
Performance from PPCs pan-African operations showed promise in 2017, according to the company’s most recent operational update. Sales were up in Rwanda, Zimbabwe, and the Democratic Republic of the Congo (DRC), while its new Ethiopian plant received its provisional acceptance certificate.
In Rwanda, sales were up between 20% and 30% over the year, while pricing remained stable. “Successful implementation of the route to market strategy, with a rise in bulk demand and increased export volumes, has contributed to the positive performance,” the company said.
Zimbabwean volumes continued to “exceed expectations”, rising by 30 – 40% compared to 2016, supported by the retail segment. Prices in US dollars were also up slightly.
“Monthly sales have tracked progressively better since September 2017,” in the DRC, the company said. “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% and 30%.”
The new 1.4 million tpy Habesha plant in Ethopia received the PAC at the end of December.
Read the article online at: https://www.worldcement.com/africa-middle-east/08022018/positive-performance-from-ppcs-pan-african-operations/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.