Biggest South Africa Cement Maker PPC Eyes Growth Post Turmoil


PPC Ltd. is weighing expansion into new markets as South Africa’s biggest cement maker seeks to draw a line under a tumultuous two years that included an emergency rights issue and takeover interest from competitors.

Since taking the top job in July, Chief Executive Officer Johann Claassen has reviewed the company’s operations and balance sheet, with a particular focus on boosting liquidity and extending debt maturity, he said in an interview in Bloomberg’s Johannesburg office. “We had to steady the ship and make it sustainable,” he said. “Now we need to get a new pipeline of projects.”

Photographer: Waldo Swiegers/Bloomberg

New investment would follow a 12 billion rand ($995 million) outlay on five plants in the past half decade, which took PPC into countries including…

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