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PPC's cement volumes down 1%

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World Cement,

Reuters are reporting that South African cement company PPC’s sales increased by 2% while they declined in international businesses. Pressure on selling prices has also weighed in most operating regions.

Group cement volumes are reported to be down 1% for the first five months of the financial year.

The company’s expansion strategy remains on track and sales in a recently commissioned plant in Rwanda have passed the 100 000 t mark.

All 3 remaining projects in DRC, Zimbabwe and Ethiopia are over 55% complete.

Edited from source by Joseph Green. Source: Reuters

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