Robust demand behind S Africa cement maker's rapid growth
Johannesburg
PPC Ltd, South Africa's largest cement maker, said rising demand for the building material in the world's least-developed continent would help it double the size of the company every decade. The shares rose the most in six months.
PPC expects "massive growth" in African cement demand over the next 35 years, driven by a growing population, rising wealth and greater ease of doing business, chief executive officer Darryl Castle said in an interview on Wednesday. The company will create a new unit for its expanding non-cement building materials and services operations, w…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration
Deutsche Bank has cut dozens in Asia private banking overhaul
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece