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PPC to build R3bn cement plant in the Western Cape
The Citizen
|January 17, 2025
JSE-listed cement and building material producer PPC has signed a memorandum of agreement to construct a new R3 billion cement plant in the Western Cape, it announced on Sens on Thursday morning.
The construction will be in partnership with Sinoma, a Chinese cement maker, following a cooperation agreement between the entities in July last year.
PPC shares firmed over 1.47% in early morning trade, trading at R4.82 at around 10am.
The announcement of the new state-of-the-art plant comes amid signals that the South African construction industry is poised for significant growth, with more than R300 billion earmarked for public infrastructure projects.
This story is from the January 17, 2025 edition of The Citizen.
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