Cement News tagged under: East Africa
Cimerwa reports revenue increase in FY19-2015 December 2020, Published under Cement NewsRwanda’s Cimerwa has seen its revenue increase one per cent YoY to RWF63bn (US$63.79m) in the financial year ended September 2020. Profit after tax reached RWF1.9bn, while EBITDA was at RWF1.95bn for the FY19-20. During the year, Cimerwa produced and sold 421,000t of cement, an improvement on the previous fiscal despite a 40-day shutdown on cement production due to the effects of COVID-19. "There has been an increased demand from a number of large infrastructure projects, such as the c... |
Tanga Cement's Board Chairman forecasts strong infrastructure demand in 202101 December 2020, Published under Cement NewsTanga Cement PLC's Board Chairman, Lawrence Masha, gave an upbeat outlook on the company's prospects because of the government’s heavy infrastructure projects and investments. At the shareholders' annual general meeting Mr Masha said: "The group remains optimistic of the positive impact of infrastructure development plans under the government’s development version 2025 programme and expect the projects to continue gaining momentum in 2020." Despite the company’s net loss of TZS1... |
Tanzania cement plants inspected for hoarded cement26 November 2020, Published under Cement NewsTanzanian Prime Minister Kassim Majaliwa on Saturday ordered all regional commissioners to inspect all cement factories in the country and prosecute owners found hoarding the commodity. He said the inspection should also involve cement sales agents and retailers of the commodity across the country. A statement by the Prime Minister's Office in the country's legislative capital Dodoma said he made the order in a video conference with the regional commissioners. Speaking shortly af... |
Tanzania reports cement shortage19 November 2020, Published under Cement NewsTanzania’s Ministry of Trade and Industry has attributed the country’s recent high cement prices on non-production by four cement manufacturers in the country that had gone into maintenance. A 50kg bag of cement usually retails for TZS15,000 (US$6), but according to the National Bureau of Statistics data for October, the price had risen by 30 per cent to TZS22,000 in parts of the country. The plant maintenance programmes have affected supply, which dropped to 150,000t for October, comp... |
Lafarge Zimbabwe records improvement in 3Q2018 November 2020, Published under Cement NewsLafarge Cement Zimbabwe has stated that the gradual easing of COVID-19 lockdown restrictions and a general improvement in the business environment has supported a rebound for the company in the third quarter of 2020. Sales volumes were seven per cent higher YoY in the 3Q20, driven by recovery in the individual home builder market. Record sales were also seen in July, which was the best result for the month since 2003. Demand for cement in the construction sector surged 34 per cent ahea... |
Tanga Cement continues plans for Arusha plant12 November 2020, Published under Cement NewsTanga Cement has said talks with the government regarding its new cement grinding plant in Arusha, Tanzania, are still in progress. The factory will be able to produce between 500,000-750,000tpa, according to Tanga Cement's Country Executive, Ben Lema. The discussions with the government started in 2016. "We are still in talks with the government on a project to build a cement grinding plant in Arusha that will move services closer to the people of the Northern Region zone and other su... |
Tanzanian cement producers highlight price hikes11 November 2020, Published under Cement NewsDangote Cement in Tanzania apologised to the government for the failure to communicate to the public on the temporary shutdown of its plant for maintenance, which caused price hikes across the country. "I would like to apologise for not communicating the shutdown to the government and the public on time," said the plant’s senior officer, Glagu Shuma, noting that the management of the plant has already made adequate arrangements to supply the cement to the general public including major co... |
LafargeHolcim Tanzania launches new pozzolana product10 November 2020, Published under Cement NewsLafargeHolcim Tanzania has launched Lafarge Tembo Pozzi, a new product to substitute fly ash, according to the Tanzania Standard. The country reportedly imports about 40,000tpa of fly ash on average. "This would help the country reduce costs on importing the fly ash. By doing this the company lives up to its promise of being a construction solution in Tanzania," said Evance Bernard, head of Dar es Salaam's sub-treasury of the Ministry of Finance and Planning. The company, also known as... |
EAPCC reports net loss for FY19-2002 November 2020, Published under Cement NewsKenya-based East African Portland Cement Co (EAPCC) has reported a net loss of KES2.77bn (US$25.46m) for the year ending 30 June 2020, an improvement compared to the KES3.36bn loss in the previous fiscal year. Revenue for the year declined 13 per cent YoY to KES2.47bn from KES2.85bn. "Revenue for the year declined by 13 per cent owing to the increased competition that created a downward pressure on retail prices," said the company. EAPCC offered its employees a voluntary retirement progr... |
National Cement starts supplying Rwandan market02 November 2020, Published under Cement NewsNational Cement of Kenya has introduced its Simba brand into the Rwandan cement market having seen strong demand for infrastructure in the country, including a new airport in Bugesera. The Kenyan producer is supplying cement importers from its recently-opened Nakuru plant, which is approximately 500km from the Rwandan border. "The Rwandan market is one of the fastest growing economies in Africa. Since the government of Rwanda is implementing and supporting several projects, the shor... |