PPC Zimbabwe invests US$75m on Harare plant in 2015

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Updated Thu, 12 Mar 2015 10:04:26 GMT

PPC Zimbabwe intends to invest US$75m in 2015 on its Harare cement mill to develop its export market. The mill will be commissioned in the first quarter of 2016 according to PPC Zimbabwe managing director Njombo Lekula. The cement producer is also spending US$6.4m on production upgrades at its Bulawayo and Colleen Bawn cement plants.

Lekula told local press that PPC Zimbabwe's export market had been cut by 40% due to the strengthening of the US dollar. However, he expected the export market to improve in the remainder of 2015.