PPC announces strategic cooperation agreement with Chinese engineering and construction company
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PPC has entered into a comprehensive strategic cooperation agreement with Chinese engineering and construction company, Sinoma Overseas Development Corporation, as part of its turnaround process.
The companies will work together on opportunities to improve efficiencies, modernise technology, reduce production costs, accelerate the transition to alternative non-fossil fuels, and to expand capacities in PPC operations in South Africa, Zimbabwe, and Botswana.
“In the current highly competitive environment, we must operate our industrial operations in the most efficient way to produce high-quality products sustainably at the right cost. This agreement strengthens our relationship with Sinoma and will be one of the pillars of our recently initiated turnaround process, which aims to rebuild a profitable and sustainable PPC. It also highlights the commitment of both parties to advancing sustainable practices and encouraging innovation in the cement industry,” comments Matias Cardarelli, CEO of PPC.