PPC to build new ZAR3bn cement plant

PPC Limited (JSE:PPC) has announced its board of directors has approved the construction of a new R3 billion best-in-class integrated cement plant in the Western Cape. The new plant, expected to commence operations by the end of 2026, will have a capacity of 1.5 million tons of cement per annum, replacing and increasing the company's existing capacity at an established PPC site. The decision follows satisfactory feasibility studies and board approval and is within the company's capital allocation criteria. PPC will contract Sinoma Overseas Development Company Ltd (“Sinoma”) as the engineer, procurer, and constructor for the project, with work expected to begin in the second quarter of 2025. PPC will be presenting a capital markets day presentation on the project.