President Robert Mugabe has commissioned the new US$82 million PPC Cement manufacturing plant in Msasa, Harare this Thursday (today).
Proceedings begun with a tour of the plant with the Vice President Phelekezela Mphoko, several government ministers and members of the Office of the President and Cabinet in tour.
In his speech Cde Mugabe said PPC has created employment which is in line with the Zimbabwe’s economic blueprint the ZIM ASSET through the building of this plant.
The company now has 400 permanent employees following the construction of the Msasa plant. The President commended the cement firm for investing in employee safety in its operations.
“Let me commend the PPC Cement company for a job well done as they were no deaths and injuries recorded during the construction of this state of-the-art plant here in Msasa,” he said.
President Mugabe said it is pleasing to note that PPC maintains its primary mandate of providing top quality cement for construction countrywide which in turn will help in building infrastructure in Zimbabwe.
“PPC remains one of the major cement manufacturing companies in Zimbabwe and has stood the test of time,” says the President.
The President noted that in 2012, PPC complied with the indigenisation regulations, demonstrating that indigenisation is not a hindrance to investment.
“PPC has contributed 10 percent equity to the community share ownership trust to the Gwanda and Umguza communities, 9.7 percent to the employee share ownership trust, a consortium of 4.9 percent has been given to the indigenous Zimbabweans and the national indigenisation and economic empowerment fund has a shareholding of 9.7 percent,” said Cde Mugabe.
The President also said that PPC has contributed US$3 million to the community share ownership trust and was shared between Umguza and Gwanda communities.
Cde Mugabe has also commended PPC for supporting the broad base of indigenisation through paying dividends to its shareholders.
Meanwhile, Industry and Commerce Minister Dr Mike Bimha has applauded PPC Cement company for this milestone achievement saying it enhances the growth and development of the country’s economy.
“This project spearheads the growth and development of the economy and PPC has become the largest cement manufacturing company in Zimbabwe with over 100 years of existence in the industry,” says Dr Bimha.
He said government is committed to promote the socio-economic development of the country.
Dr Bimha said the growth of industries has resulted in large scale production of goods which are available to the consumer at much cheaper rates.
“Industrialisation has resulted in a considerable rise in the standards of living of the people. The construction of this plant thus creates new job opportunities, leading to the removal of poverty to a great extent,” said Minister Bimha.
Minister Bimha also said PPC’s project is testimony to the fact that Zimbabwe is a safe investment destination.
Dr Bimha hailed President Mugabe for championing industrialisation in Southern Africa during his tenure as SADC chairman in 2014.