Cement manufacturer, PPC Zimbabwe Limited, will spend about $75 million this year on its Harare mill as the company sets its sights on the export market.
PPC Zimbabwe MD Njombo Lekula said: “We are spending about $75 million on our Harare mill this year and are expecting to commission it in the first quarter of 2016.”
Lekula said they were also investing about $6.4 million dollars on their Bulawayo and Colleen Bawn plants to improve production.
“For the past three years we have spent about $15,5 million for the Bulawayo plant and at Colleen Bawn alone we have spent about $11,6 million in the past three years,” said Lekula.
Lekula said its export market had been hit by low demand due to the strengthening of the United States dollar. “I would say our exports are down by about 40%,” he stated.
PPC is one of three major cement manufacturers in Zimbabwe along with Lafarge and Sino-Zimbabwe.
