Economy & Market
New $75 million cement plant comes up in Harare
Pretoria Portland Cement (PPC) Zimbabwe says its $75 million plant in Harare, expected to produce more than 680 000 tonnes of cement annually, is almost complete, with commissioning already scheduled for year-end, according to NewsDay. In emailed responses to the publication, PPC Zimbabwe Managing Director Kelibone Masiyane said all was set for the biggest project to roar into life by the end of the year.
"The Harare Msasa project is at an advanced stage, with commissioning already in progress and plant handover is on schedule for year-end," Masiyane said. The plant will boost the company's production in the near future. "The new plant in Harare creates opportunities for growth going into the future and this expanded factory-footprint presents us with exciting possibilities," he said.
Commenting on the company's performance in the first half of the year, Masiyane said the business was "depressed" compared to last year, says the publication.