PPC commissions its 600 000-ton cement plant in Rwanda to offset declining sales in SA as its expansion into African cement markets gather pace.
The 30% drop in the share price of cement maker PPC since January bodes well for the ambitious industrialists at the Pembani Group.
Sephaku Cement is ramping up production towards a steady state at both its Delmas and Aganang plants as its 100%owned concrete products subsidiary Metier increases its footprint in Gauteng.
Domestic cement sales grew 4.6% in the third quarter of last year after contracting in the first two quarters, though sales were on track to come in lower than in 2013
PPC CEO Ketso Gordhan says the group's management is looking at concluding one or two big deals in Africa in a bid to double earnings by 2018.
Cement producer Sephaku could be entering the highly competitive sectoral mix in time for margins to crumble, with implications for its acquisition.
Sephaku begins commercial production at its Delmas milling plant following a successful commissioning phase and regulator approval.