PPC TO SHUT KILN AT PE PLANT DUE TO NEW EMISSIONS STANDARDS

PPC says
it plans to shut the kiln at its Port Elizabeth cement plant ahead of stricter
requirements to the country’s emission standards. It is shutting down the kiln
to meet new standards for NO₂ and dust emissions on 1 April
2020, according to Reuters. Around 30 jobs are expected to be affected by the
shutdown.

The cement producer’s revenue rose slightly year-on-year to US$736m in its financial year to 31 March 2019. Its profit nearly quadrupled to US$10.2m. Its cement sales volumes also rose slightly to 5.9Mt. Sales and earnings fell in South Africa due to a poor market but they grew elsewhere in Sub-Saharan Africa, notably in Rwanda and the Democratic Republic of Congo.https://www.globalcement.com/news/item/9484-ppc-to-shut-kiln-at-port-elizabeth-cement-plant-due-to-new-emissions-standards