PPC ENTERS INTO STRATEGIC COOPERATION AGREEMENT

PPC enters into strategic cooperation agreement with Sinoma Overseas Development Corporation to explore sustainable practices and production innovation

PPC, a leading cement manufacturer in Southern Africa, has entered into a comprehensive strategic cooperation agreement with Sinoma Overseas Development Corporation (Sinoma) to
work together on opportunities to improve efficiencies, modernise technologies, reduce production costs, accelerate the transition to alternative non-fossil fuels, and expand capacities in PPC operations in South Africa, Zimbabwe and Botswana.

Sinoma is a prominent Chinese engineering and construction company and the world’s leading service and equipment provider for the cement industry worldwide.

Matias Cardarelli, CEO of PPC, expressed optimism about the agreement with Sinoma, stating, “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.”