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PPC LIMITED - PPCs Board of Directors Approves Construction of New Integrated Cement Plant in the Western Cape

Release Date: 27/03/2025 07:30
Code(s): PPC     PDF:  
Wrap Text
PPC’s Board of Directors Approves Construction of New Integrated Cement Plant in the Western Cape

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number 1892/000667/06)
JSE ISIN: ZAE000170049
JSE code: PPC ZSE code: PPC
("PPC")

PPC's board of directors approves construction of new R3 billion best-in-class integrated cement plant
in the Western Cape

Shareholders are referred to the press release published on SENS on 16 January 2025, in which it was
announced that, subject to satisfactory feasibility studies and the approval by PPC's board of directors
("board"), PPC would embark on the construction of a new state-of-the-art integrated cement plant, which
would commence in the second quarter of 2025 and would be commissioned by the end of calendar year
2026.

Shareholders are advised that the board, having considered PPC's capital allocation criteria and its current
two times net debt to EBITDA covenant, has now approved the capital expenditure of R3 billion for the
build of the new plant. The plant, with a capacity of 1,5 million tons of cement per annum, will replace
and increase existing capacity and will be constructed at an existing PPC site in the Western Cape, which
has all the necessary permits in place. PPC's existing plants in the Western Cape will continue to operate
during the construction and commissioning of the new plant.

The board has also approved that PPC enter into an engineer, procure and construct ("EPC") contract with
Sinoma Overseas Development Company Ltd ("Sinoma"), the leading cement equipment and engineering
company in the world, in respect of the construction of the plant. As anticipated, Sinoma will commence
its work under the EPC contract in the second quarter of calendar year 2025.

PPC will be presenting its capital markets day presentation on an investor call today at 09h00 (SA time)
via a webcast including a live question and answer session. The investor call can be accessed at the
following link: https://www.corpcam.com/PPC27032025

Dunkeld
27 March 2025


Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 27-03-2025 07:30:00
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