Deals
Biggest South Africa Cement Maker PPC Eyes Growth Post Turmoil
- CEO Claassen seeks “new pipeline of projects” to boost growth
- South African company in talks with Sinoma on Congo stake
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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.”