Breaking News

PPC Zimbabwe celebrates its centenary and announces expansion plans

by Business reporter
07 February 2013 | 5268 Views
Portland Holdings Limited (PHL), PPC's Zimbabwe subsidiary, has announced its intention to construct a new cement plant to service the Harare and central Mozambique markets. The new plant will have a capacity of approximately one million tons of cement per annum and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete in Mozambique.

Ketso Gordhan, the CEO of PPC said in Harare today, "In recent years our investment in Zimbabwe has shown strong growth on the back of a more buoyant and stable economy. This together with the fact that PPC has received an indigenization certificate makes us optimistic about the future of the economy and the country as a whole."

This announcement was made during the PHL's centenary celebrations in Harare today. PHL was first registered as a company on 6 February 1913 and, similar to its parent company in South Africa, has for 100 years been an integral part of Zimbabwe's infrastructure development. Its core cement brand, Unicem, can be found in virtually every key structure in the region from the Harare International Airport to the mighty walls of Kariba Dam.

"The construction of additional cement capacity will ensure that PPC continues to be a key player in the development of infrastructure in Zimbabwe and neighbouring countries. It is totally in line with our stated strategy of growing our non-South African revenue from the current 21% to at least 40% by 2016", adds Gordhan.

The preliminary study for a new plant in the Mashonaland province is at an advanced stage, and significant investment has already been made in exploration drilling at various locations. PPC has dedicated resources in Zimbabwe and this, together with support from PPC's head office, will now commence with a full scale feasibility study including the selection of an equipment supplier.

Zak Limbada, the MD of PHL, said "Not only will this investment address the expected future increase in cement demand in Zimbabwe, but create employment opportunities, beneficiation of the country's mineral reserves, and a significant growth opportunity for our indigenisation partners."

PPC Ltd is the majority shareholder of Portland Holdings Limited. It acquired PHL in 2001.

History of PHL (PPC Zimbabwe)

Date   Activity
6 February 1913    Portland Holdings Limited, now trading as "PPC Zimbabwe" was registered under the name "Premier Portland Cement Company".

1914   The company went into production at Cement Siding near Bulawayo. The first sale was to then Wankie Colliery Ltd, a relationship that has endured for 100 years. In this year the company produced 25 tons of cement a day.

1916   Exports to Northern Rhodesia (Zambia) and the Belgian Congo (Democratic Republic of Congo) commenced.

1918   PPC Ltd first acquired an interest in Premier Portland Cement Company

1921   Premier Portland Cement Company was listed for the first time on the local Stock Exchange

1928   PPC Ltd, through further investment, acquired control of Premier Portland Cement Company

1930   Premier Portland Cement opened the Colleen Bawn Quarry. The plant near Bulawayo was upgraded.

1946   A rival cement company, Rhodesia Cement (Ltd), established a factory at Colleen Bawn.

1946   A second manufacturer, Rhodesia Cement Ltd (Rhocem) went into production.

1949   "Rhocem" began production with the capacity of 80 000 tonne/annum

1950   Premier Portland followed up with a new 80 000 ton/annum kiln at Cement Siding

1960's   Political uncertainty saw demand plunge by almost 50%

1963   Premier Portland Cement and "Rhocem" were working at one third of their capacity

1965   Premier Portland and "Rhocem" merged their cement making assets into a joint company - United Portland Cement Co. (Pvt) Ltd (and the Brand "UNICEM" was born) with a 50/50 shareholding

1980   Rhodesia Cement Ltd changed its name to Portland Holdings Ltd (PHL)

1982   PPC Ltd exited Zimbabwe and sold its entire shareholding in Premier Portland Cement to PHL

1984   PHL established an Employee Shareholder Trust

1980's - 1990's    PPC Ltd maintained its support through technical agreements

1993 - 1998     The company took advantage of the liberalisation of the Zimbabwean economy and rebuilt both the Colleen Bawn and Bulawayo factories.

1999   Annual cement demand in Zimbabwe was around 1.2 million tons

2001   PPC Ltd acquired 100% of PHL, this was seen as an investment as well as a step in the development and growth of PPC's geographic footprint. PPC Ltd listed on the Zimbabwe Stck exchange, and PHL delisted.

2008   The annual cement demand in Zimbabwe declined to around 100 000 tons.

2009   The Zimbabwe economy adopted the US dollar as its primary currency, since then cement demand has risen substantially reaching demand in 2012 similar to those achieved in 1999.

2010   The old rotary clinker cooler at Colleen Bawn was replaced by a state of the art hydraulic operated grate cooler. This $20 million dollar project resulted in improved energy efficiency, higher grade clinker and increased capacity by around 20%.

2012   PPC receives indigenisation certificate PHL announces further expansion at the Bulawayo factory.




2013   PPC Zimbabwe announces the intention to commence a full scale feasibility study which will culminate in a new cement plant being built in the country.



PPC Zimbabwe Expansion

Source: College Hill

Are housemaids an evil lot?

Yes
25.83%
No
65.02%
Not sure
9.15%
809

Comments

News Updates

Email:

Latest News

SA school defends racial segregation - Johannesburg - A school in Pret...

by Staff reporter | 29 January 2015 | 505 Views

Europe shouldn't tell us about women, says Mugabe - ZIMBABWE president...

by Staff reporter | 29 January 2015 | 1285 Views

Mugabe set to assume AU chairmanship - Members of the Zimbabwean dele...

by Staff reporter | 29 January 2015 | 600 Views

Reduction of farm sizes spot on - Vice President, Cde Emmerson Mnangag...

by John Sigauke | 29 January 2015 | 1059 Views

Air ambulance plays critical role in some medical emergencies - In a m...

by Staff Reporter | 29 January 2015 | 490 Views

Customers shot in Johannesburg shopping mall robbery - Seven people, i...

by Staff reporter | 29 January 2015 | 2108 Views

Zimbabwe's Mugabe won't add value to the AU - PRESIDENT Robert Mugabe ...

by Staff reporter | 29 January 2015 | 1247 Views

Nothing amiss on Mugabe's description of Mutasa - The testing of Pres...

by Caitlin Kamba | 29 January 2015 | 1917 Views

5 breakthrough habits for Lifestyle changes - The beginning of the y...

by Tinei Shamu | 29 January 2015 | 1767 Views

ZCTU Reacts to Finance Minister's statements - The Zimbabwe Congress o...

by Mandlenkosi Chinula | 29 January 2015 | 2233 Views

Zimbabwe's political power couples - IT is common to think of politici...

by Andrew Kunambura | 29 January 2015 | 2963 Views

Farmers stage protests at Zanu-PF HQ - Some irate farmers on Wednesday...

by Thomas Chiripasi | 29 January 2015 | 2803 Views

'Why you mustn't marry any Zim woman who is 25 years older' author dre...

by Staff reporter | 29 January 2015 | 8380 Views

Zimbabwean students stranded after failing to get SA permits - Hundred...

by Staff reporter | 29 January 2015 | 4296 Views

Zim govt quizzed on Afcon military deployment

by Staff reporter | 29 January 2015 | 3148 Views

Civil servants strike hangs in balance

by Staff reporter | 29 January 2015 | 1746 Views

Mwonzora engages Chamisa as his lawyer

by Staff reporter | 29 January 2015 | 3958 Views

Grand coalition suffers setback

by Staff reporter | 29 January 2015 | 2953 Views

'Lets confront Zanu-PF dictatorship' - MDC Renewal Team secretary-gene...

by Staff reporter | 29 January 2015 | 1399 Views

'Only imbeciles will believe Mugabe is a goblin'

by Staff reporter | 29 January 2015 | 1994 Views

Mugabe 'unclothed' picture challenged in court

by Staff reporter | 29 January 2015 | 3444 Views

Zanu-PF youths boo Mujuru ally

by Staff reporter | 29 January 2015 | 2206 Views

Grace Mugabe to decide Didymus Mutasa's fate

by Staff reporter | 29 January 2015 | 2767 Views

'Zanu-PF talking nonsense,' says Mutasa

by Staff reporter | 29 January 2015 | 4578 Views

Prophet rapes pregnant client

by Walter Mswazie | 29 January 2015 | 2568 Views

Lightning strikes scare Tsholotsho villagers

by Auxilia Katongomara | 29 January 2015 | 1614 Views

City doctor violates court order, threatens ex-wife

by Emily Mbewe | 29 January 2015 | 1672 Views

Medical doctor fined for shoplifting

by Fungai Lupande | 29 January 2015 | 1970 Views

Man kills pregnant lover, jailed

by Munyaradzi Musiiwa | 29 January 2015 | 1859 Views

Entertainment

Mugabe, Mujuru at Harare Gallery

by A.A.V. Amasi | 28 January 2015 | 4866 Views

Prof Jonathan Moyo says 'Zimbabwe to meet digitisation deadline in Jun...

by Farirai Machivenyika | 27 January 2015 | 1887 Views

DJ stabbed by lover - A MATSHOBANE suburb disk jockey (29) got more t...

by Staff reporter | 27 January 2015 | 4289 Views

Bulawayo movie Qiniso out in February - THE much anticipated movie, Qi...

by Showbiz Reporter | 26 January 2015 | 2058 Views

Where is omasiganda music now?

by Fred Zindi | 26 January 2015 | 2124 Views

Ringo billed for pre-Valentines Bash in Bulawayo

by Bongani Ndlovu | 26 January 2015 | 3373 Views

The return of Alick Macheso

by Entertainment Correspondent | 24 January 2015 | 4032 Views

Chigubhu vows to continue cracking people's ribs

by Staff Reporter | 23 January 2015 | 2691 Views
iBlog

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago