Cement manufacturer PPC has entered into a comprehensive strategic co-operation agreement with Sinoma Overseas Development Corporation (Sinoma) to work together on opportunities to improve efficiencies.
The agreement, announced yesterday, will also 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.
Matias Cardarelli, CEO of PPC, expressed optimism about the agreement with Sinoma.
“In the current highly competitive environment, we must execute our industrial operations in the most efficient way to produce high-quality products sustainably at the right cost,” Cardarelli said.
“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…