{"id":56446,"date":"2022-03-25T20:44:06","date_gmt":"2022-03-25T18:44:06","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=56446"},"modified":"2022-03-25T20:05:17","modified_gmt":"2022-03-25T18:05:17","slug":"ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects","title":{"rendered":"PPC Sees Annual Zimbabwe Cement Sales Up 25% As Demand Rise From Home Builders, Govt Projects"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>PPC, Africa\u2019s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-expected demand from individual buyers and government projects.<\/p>\n

In an update on Wednesday, PPC said cement sales are expected to come in 36% better than pre-pandemic levels. Said PPC:<\/p>\n

PPC Zimbabwe continues to trade well and ahead of expectations. For the 12 months ending March 31, 2022, PPC Zimbabwe\u2019s cement sales volumes are expected to increase by 21%-25% year-on-year, benefiting from retail demand, increased sales to concrete product manufacturers, and support from government-funded projects.<\/p>\n

Relative to the comparable period ended March 31, 2020 (pre-COVID-19), cement sales volumes are expected to increase by 33%-36%.<\/p>\n

In a separate presentation to investors on Wednesday, PPC said 54% of its sales in Zimbabwe were in foreign currency.<\/p>\n

The company said, in terms of forex receipts, it was profiting from domestic forex sales, foreign direct investment-funded projects and diaspora demand.<\/p>\n

The company previously struggled to repatriate its earnings to South Africa in dividends. But, since November 2020, PPC has managed to send US$10,6 million in dividends. In total, PPC has repatriated US$95 million from Zimbabwe since 2010.<\/p>\n

The company has now cleared all its Zimbabwean debts, which stood at US$18.9 million in December 2019.<\/p>\n

Cement consumption across the industry has grown to 1.4 million tonnes per year, from below one million tonnes in 2017.<\/p>\n

PPC expects demand to reach 1.6 million tonnes next year as construction projects increase.<\/p>\n

Previously, PPC said it was supplying public projects such as Muchekeranwa Dam, Gwayi-Shangani Dam, the new Manyame Air Base Hospital, National University of Science and Technology (NUST) student accommodation, Robert Gabriel Mugabe International Airport, the Beitbridge-Harare Highway and the Beitbridge Border Post expansion.<\/p>\n

More: newZWire<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. PPC, Africa\u2019s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-expected demand from individual buyers and government projects. In an update on Wednesday, PPC said cement sales are expected to come in 36% better than pre-pandemic levels. Said PPC: PPC Zimbabwe continues to trade well […]<\/p>\n","protected":false},"author":84,"featured_media":56445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,9176,19],"class_list":{"0":"post-56446","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-ppc-zimbabwe","14":"tag-zimbabwe"},"yoast_head":"\nPPC Sees Annual Zimbabwe Cement Sales Up 25% As Demand Rise From Home Builders, Govt Projects - zimbabwe<\/title>\n<meta name=\"description\" content=\"PPC, Africa\u2019s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-ex ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPC Sees Annual Zimbabwe Cement Sales Up 25% As Demand Rise From Home Builders, Govt Projects\" \/>\n<meta property=\"og:description\" content=\"PPC, Africa\u2019s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-ex ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-25T18:44:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-25T18:05:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/03\/img-623e043fba652.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-sees-annual-zimbabwe-cement-sales-up-25-as-demand-rise-from-home-builders-govt-projects\",\"name\":\"PPC Sees Annual Zimbabwe Cement Sales Up 25% As Demand Rise From Home Builders, Govt Projects - 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