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PPC
PPC
PPC - Pretoria Portland Cement Company Limited - Trading update - PPC AGM 30
January 2012
PRETORIA PORTLAND CEMENT COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000125886
("PPC" or the "company")
Trading update - PPC AGM 30 JANUARY 2012
During the first quarter ending December 2011, cement sales for the South
African cement industry as a whole increased by 7% compared to the
comparable period in the prior year. However, cement demand in the Western
Cape lagged behind the other provinces and consequently impacted on PPC`s
South African cement sales.
PPC`s cement sales in Zimbabwe continued to grow whilst cement sales in
Botswana declined in line with a general construction industry slowdown in
that country.
PPC`s cement pricing momentum established during 2011 in South Africa,
Botswana and Zimbabwe, continued into 2012. Administered energy prices
remain a challenge for the industry.
Lime sales improved during the quarter on the back of improved demand from
exports and the local steel industry. Aggregate volumes in both South Africa
and Botswana showed recovery in a very competitive environment.
Phase 1 of our Western Cape modernisation project, the R280 million upgrade
of kiln 6 at De Hoek factory is on track for completion during April 2012.
The final EIA report for Phase 2, at our Riebeeck factory, has been
submitted to authorities.
PPC continues to focus on opportunities in sub-Saharan Africa as
communicated during November 2011.
Although the global economic turmoil continues, we remain cautiously
optimistic regarding the outlook for cement demand in South Africa and
Zimbabwe. Current trends in cement demand and prices should result in
improved results during the first half of our 2012 financial year.
Any forecast financial information included in this Trading Update has not
been reviewed and reported on by the Company`s auditors in accordance with
section 8.40(a) of the Listings requirements of the JSE Limited.
BL Sibiya
Chairman of the board
30 January 2012
Sponsor:
Merrill Lynch SA (Pty) limited
Date: 30/01/2012 12:15:01 Produced by the JSE SENS Department.
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