Global Cement states that: PPC has commissioned its 600,000t/yr cement plant in Rwanda to offset declining sales in South Africa as its expansion into African cement markets gathers pace. The company plans to derive 40% of its revenues from the rest of Africa by 2017.
“We see the population doubling and becoming wealthier, a lot of infrastructure spend taking place and new cities being built that aren’t there today,” said Darryll Castle, PPC’s Chief Executive. “If we can maintain our market share and exposure in Africa, we have to double the size of the business in well under 10 years. We see Africa as a very positive environment and PPC becoming a major player in a big growth area.”
