Skip to main content

PPC has plans to double size

Published by , Editor
World Cement,


According to a report by Bloomberg, PPC Ltd has announced that rising demand for cement in Africa would help it double the size of the company every decade.

PPC has predicted large growth in African cement demand over the next 35 years, driven by a growing population, rising wealth and greater ease of doing business. The company also plans to create a new unit for its expanding non-cement building materials and services operations.

The doubling estimation refers to a combination of metrics, including revenue, assets and profitability.

PPC is attempting to reduce costs while expanding elsewhere in the continent. The company has already achieved more than 50% of a US$28 million profit-improvement target announced in May.

The company started a new cement plant in Rwanda in August and projects in the Democratic Republic of Congo, Zimbabwe and Ethiopia are all more than half complete.


Edited from source by Joseph Green. Source: Bloomberg

Read the article online at: https://www.worldcement.com/africa-middle-east/20112015/ppc-cement-africa-company-decade-35/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):