Cement News tagged under: Lafarge Zimbabwe
LafargeHolcim05 October 2016, Published under Cement NewsLafarge Zimbabwe’s first half turnover increased by 4.3 per cent to US$26.5m, but the loss advanced by 61.9 per cent to US$2.25m, reflecting increased competition, including the arrival of a new competitor. Another competitor is threatening to close capacity unless the government acts to curb imports. |
Lafarge Zimbabwe losses increase to US$2.2m30 September 2016, Published under Cement NewsLafarge Zimbabwe has announced a 1H16 loss of US$2.2m, an increase from the 1H15 US$1.3m loss, the Insider reports. Competition from cheap imported cement and rising output from other domestic producers had had an impact on profits, as had softening demand caused by Zimbabwe’s economic difficulties, said the company. Despite this, sales revenues for the first six months of the year were up slightly, rising by 4.3 per cent to US$26.5m. Lafarge Zimbabwe Board Chair, Kumbirayi Katsande... |
Lafarge Zambia to raise cement exports to DR Congo17 December 2015, Published under Cement NewsCement exports to the Democratic Republic of Congo (DRC) are expected to increase after Lafarge Cement Zambia Plc drew up an agreement with Zambia Railways Ltd (ZRL) to export 400tpw of cement to the DRC. Lafarge chief executive officer, Emmanuel Rigaux, said Lafarge would quadruple its exports to Malawi and the DRC. The deal follows a policy directive by the Zambian government to the private sector to raise traditional exports and help stabilise the local currency. Lafarge Cement yesterday... |
Lafarge Zimbabwe investigating locations for US$250m cement works18 June 2014, Published under Cement NewsLafarge Zimbabwe is currently looking for a suitable location for a new US$250m cement plant in the country. Feasibility reports will be carried out in areas with large limestone deposits. Chief executive, Amal Tantawi, said: "We have so far identified one limestone deposit to help feed the plant and the company continues to look for more deposits. Feasibility studies are being conducted on the long-term projects and we hope this will see our business growing in the future," said Mrs Tant... |
Lafarge Zimbabwe to reduce foreign shareholding18 March 2013, Published under Cement NewsLafarge and the Zimbabwe government have agreed on Lafarge reducing its shareholding in the Zimbabwean cement manufacturer to 49 per cent. “We have agreed with the relevant authorities on the indigenisation modalities to bring down foreign shareholding to 49 per cent, in line with the indigenisation and economic empowerment [policy]. To this effect, our indigenisation plan was approved,” according to Muchadeyi Masunda, the chairman of Lafarge Cement Zimbabwe told local press. Last year... |
Lafarge Zimbabwe revises revenue forecasts upwards03 September 2012, Published under Cement NewsLafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half driven by increased sales. The company is now expecting year-end revenue to reach US$70m, nearly US$10m more than the US$62m projection it made at its AGM held in May this year. The Independent of Zimbabwe reported managing director of Lafarge Zimbabwe, Johnathan Shoniwa saying that in 1H12, nationwide cement demand r... |