PPC Limited (PPC) has signed a memorandum of agreement with Sinoma Overseas Development Co (Sinoma) – a leading international specialist in cement production facilities construction – to build a new integrated cement plant at PPC Zimbabwe.
“Our…turnaround strategy continues to advance across the group. This includes particularly the Zimbabwean operations, where we believe there are additional and significant opportunities to be unlocked internally, together with exciting potential for future growth,” said PPC chief executive Matias Cardarelli in a statement.
PPC Zimbabwe managing director Ndima Rawana added: “We are looking forward to working with Sinoma Overseas, which is the world’s leading integrated solutions provider for cement technology, equipment and engineering services, and being able to benefit from their vast experience and expertise.”
South Africa-based PPC holds a 90 percent controlling equity in PPC Zimbabwe.