Breaking News

PPC Zimbabwe celebrates its centenary and announces expansion plans

by Business reporter
07 February 2013 | 4996 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

Could there be war if Grace Mugabe becomes President?

Yes
74.45%
No
9.09%
Who cares?
16.46%
638

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Mujuru faction fired - Alleged Vice-President Joice Mujuru's supporter...

by Staff Reporter | 01 November 2014 | 659 Views

'Even marriages do fail' president Mugabe says - PRESIDENT Robert Muga...

by Staff Reporter | 01 November 2014 | 428 Views

MDC-T will survive 'palace coup' unlike Zanu-PF's 'bedroom coup' Tsvan...

by Staff Reporter | 01 November 2014 | 666 Views

State media rebuked for negative news on Mujuru - Zanu-PF secretary fo...

by Staff Reporter | 01 November 2014 | 784 Views

Zanu-PF differences did not shake the house to its core - I think a qu...

by Nathaniel Manheru | 01 November 2014 | 670 Views

Bosso forgives Charles Sibanda - CHARLES Sibanda has been given a lif...

by Ricky Zililo | 01 November 2014 | 419 Views

Bosso, Chiredzi match moved to Monday - HIGHLANDERS FC's league match ...

by Sikhumbuzo Moyo | 01 November 2014 | 309 Views

'Chiwenga is Grace Mugabe's brother': Claims

by Staff Reporter | 01 November 2014 | 1728 Views

Death threats over maintenance order - A Harare man is reportedly thre...

by Prosper Dembedza | 01 November 2014 | 336 Views

Macheso, hubby to have cellphone relationship - Sharon Macheso and her...

by Lovemore Meya | 01 November 2014 | 552 Views

Top cop resigns under unclear circumstances - Senior police officer Co...

by Staff reporter | 01 November 2014 | 762 Views

Mugabe caps 1 063 at GZU - President Mugabe yesterday conferred degree...

by Staff reporter | 01 November 2014 | 227 Views

Woman lashes at magistrate over maintenance - A BULAWAYO provincial m...

by Lethokuhle Moyo | 01 November 2014 | 319 Views

Sugar mummy infects Ben10 with HIV - ONE of the boys who teamed up wit...

by Leonard Ncube | 01 November 2014 | 796 Views

Prostitute jailed for false rape report - A GWANDA prostitute will spe...

by Marvelous Moyo | 01 November 2014 | 383 Views

Policeman assaults noisemakers - A POLICE officer based at Luveve Poli...

by Plaxcedes Hove | 01 November 2014 | 360 Views

Macheso, hubby officially separate - SHARON Macheso and her husband Ku...

by Lovemore Meya | 01 November 2014 | 443 Views

Granny granted maintenance - AN abusive 68-year-old Entumbane man was ...

by Lethokuhle Moyo | 01 November 2014 | 256 Views

Police raid squatter camp, 40 arrested - POLICE raided Killarney squat...

by Loveness Bepete | 01 November 2014 | 306 Views

Mugabe speech after Politburo - Audio - ...

by Staff reporter | 01 November 2014 | 529 Views

Mujuru on the ropes - Vice President Joice Mujuru's camp was left on ...

by Felex Share and Lloyd Gumbo | 01 November 2014 | 561 Views

Steward Bank lose $300,000 to robbers - STEWARD Bank formerly TN has l...

by Munyaradzi Musiiwa | 01 November 2014 | 484 Views

Tsvangirai confirms working with some in Zanu-PF - MDC-T leader Mr Mor...

by Staff reporter | 01 November 2014 | 894 Views

Tsvangirai defends his call for protests against Mugabe - MDC-T leader...

by Staff reporter | 01 November 2014 | 374 Views

Mujuru's lawyer under probe - The Law Society of Zimbabwe will launch ...

by Staff reporter | 01 November 2014 | 420 Views

Dr Zobha escapes jail by whisker over maintenance - Veteran radio and ...

by Tendai Rupapa | 01 November 2014 | 527 Views

Jabulani Sibanda booted out - Elders of the Zimbabwe National Liberati...

by Lloyd Gumbo and Susan Nyabunze | 01 November 2014 | 968 Views

Mugabe wants to quit says Zambia's new president

by Staff Reporter | 31 October 2014 | 10019 Views

Pastor caught engaging bonking policeman's wife in a car - A married M...

by Staff reporter | 01 November 2014 | 8390 Views

Reasons why Grace Mugabe attacked Joice Mujuru - Ongoing attempts to e...

by Staff reporter | 31 October 2014 | 8364 Views

Entertainment

Our hands are clean, says DJ Munya

by Court reporter | 31 October 2014 | 2742 Views

Oliver Mtukudzi to get 'real' PhD - ICONIC musician Oliver Mtukudzi is...

by Staff reporte | 30 October 2014 | 3236 Views

Zimbabwe's JJ survives Big Brother Africa eviction... again - Zimbabw...

by Staff reporter | 27 October 2014 | 2242 Views

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1650 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 4390 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 3624 Views
iBlog

Four In 10 Americans Face Regular Online Fraud Attacks

Microsoft offers four primary tips to help protect users from identity theft:• be selfish and defensive with personal information by not sharing sensitive details in emails, and instant and text messages• create, use and keep secret so-called “... Read More
SecNews 24 October 2014 ago

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago