THE construction of PPC’s cement plant in Zimbabwe remains on track for completion in 2016, the company’s CEO says, even as riots ensue in that country, and as restrictions on some South African goods remain in place.Speaking on Monday on the sidelines of the company’s extraordinary general meeting, at which shareholders approved PPC’s proposed R4bn rights issue unanimously, CEO Darryll Castle suggested it was business as usual on the cement site, even though the rest of the Zimbabwean economy is in a tailspin.The mill, which is expected to add 700,000 tonnes to PPC’s annual capacity, was crucial to reducing the company’s costs, he said."Even if the volume is not required because Zimbabwe’s economy slows, the project still makes sense from a cost-optimisation process."The Zimbabwe mill is one of four plants SA’s largest cement maker is building in the rest of Africa to increase sales as growth in its home country slows. It is also one of the reasons PPC is launching the proposed R4b...
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