Chronicle Editor
Online Reporter
PPC Zimbabwe has said the country is losing approximately US$50 million annually due to cement imports which have claimed over 25 percent of the market share.
Zimbabwe Limited’s new managing director, Mr Albert Sigei revealed this on Wednesday afternoon while briefing a top Government official visiting the plant.
Mr Sigei said while PPC creates an economic value chain through its operations, imports have no value to the country but contribute to foreign currency losses.
PPC does not own vehicles to move its products but contracts private contractors and the National Railways of Zimbabwe to move to its produce.
The company says all these companies do not benefit from the operations of those who import cement.
The company also raised concerns over the unreliability of power due to power cuts and a high tariff.
PPC Zimbabwe Limited also channels one percent of its profits to corporate social responsibility.
The company has also been praised for its environmental stewardship that it has contained pollution in all its operations.
Online Reporter