Pretoria Portland Cement seizes opportunity in Rwanda
According to local press, Pretoria Portland Cement (PPC) has purchased a 51% share of cement manufacturer Cimerwa, Rwanda. The controlling stake in the company is said to have been acquired for US$69.4 million. Cimerwa currently has a production capacity of 100 000 tpa, and is in the process of expanding this to 600 000 tpa.
The acquisition forms part of PPC’s aim to expand its presence in the continent, and follows its joint investment with the Industrial Development Corporation for a 57% stake in Ethiopia’s Habesha Cement Share Company.
Edited from various sources by Louise Fordham.
Read the article online at: https://www.worldcement.com/africa-middle-east/13122012/cement_ppc_cimerwa_rwana_expansion_789/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.