PPC and Sinoma sign deal to build R3bn cement plant in Western Cape
Construction of facility is expected to start in second quarter, subject to board approval
16 January 2025 - 08:57
UPDATED 16 January 2025 - 21:22
With a hefty R3bn investment towards building a state-of-the-art plant in the Western Cape, SA’s largest cement group, PPC, has demonstrated faith in the growth of the country’s cement industry, which it says is evolving.
CEO Matias Cardarelli said on Thursday that the cement market landscape was rapidly changing and new Chinese players were investing and bringing new technology into the region. He warned that companies who did not invest in the latest technology could face an uphill battle...
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