PPC of South Africa Plans to Invest in Mozambique, RM Reports

Dec. 6 (Bloomberg) -- Pretoria Portland Cement Ltd. plans to invest $200 million in a new cement factory in southern Mozambique in February, Radio Mozambique reported.

The plant will have the capacity to produce 600,000 metric tons of the building material annually, the Maputo-based broadcaster said, citing Inorico Borier, managing director of Kangela Ltd., an official representative of PPC in Mozambique.

PPC is completing environmental-impact surveys and other studies, Radio Mozambique said.

To contact the reporter on this story: Fred Katerere in Maputo via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.