South Africa's PPC slows down expansion as debt piles up

April 22, 2015 3:59 PM

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JOHANNESBURG, April 22 (Reuters) - South Africa's biggest cement maker PPC Ltd will expand more slowly after spending on several cross-border projects jacked up its debt load, its chief executive said on Wednesday.

PPC is building plants in African countries, including Ethiopia and the Democratic Republic of Congo, as part of a wider plan to generate 40 percent of its sales outside its home market by 2017.

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