Cement News tagged under: Sino Zimbabwe
Zimbabwe: SZCC request title deeds from Gov14 March 2017, Published under Cement NewsSino Zimbabwe Cement Company (SZCC) has requested the title deeds for Indiva Farm, where the company is located, be transferred to them by the Government. Located 33km east of Gweru, Indiva Farm is regarded as State land and the absence of title deeds held by SZCC has resulted in the company failing to access lines of credit due to lack of collateral. Wang Yong, SZCC managing director, said that the company intended to set up an industrial park and wanted to attract more investors. Howeve... |
Zimbabwe: SZCC considers cutting shifts as downturn hits sales09 September 2016, Published under Cement NewsThe Sino Zimbabwe Cement Company (SZCC), which operates an integrated plant in Gweru in central Zimbabwe, has said that it is considering reducing the number of shifts at the facility from three to just one in the face of declining sales. Zimbabwe’s economy has suffered from a prolonged drought, while manufacturers have also had to contend with smuggled cement from South Africa. Speaking to the Business Chronicle, SZCC managing director, Wang Yong, said: “We have a significant decrease... |
Chinese firm invests in Zimbabwe26 August 2016, Published under Cement NewsMortal Investments Manufacturing Co announced that it is constructing a 1Mta plant in Redcliff, Zimbabwe. The arrival of the Chinese firm in the country is expected to intensify competition in the market that has been dominated by Lafarge and PPC. Mortal Investments is the second producer to invest in the region, following the lead of Sino-Zimbabwe Cement. This is positive news for locals, as it will bring a further 400 jobs to a town that has been struggling with high levels of unemploym... |
Zimbabwe: Future of proposed Charumbira plant remains uncertain05 August 2016, Published under Cement NewsPlans to build a US$50m cement plant in Charumbira have been called into question after it was admitted that the Chinese investor behind the project had yet to submit a feasibility report. The plant is to be built by the Sino Zimbabwe Cement Company, which saw a 15 per cent fall in sales in the first quarter of 2016. According to reports in News Day, provincial administrator Felix Chikovo said: “The point of entry before any mining commences or any people are resettled is based on a re... |
Zimbabwe: Sino Zimbabwe sales decline16 May 2016, Published under Cement NewsSales for Sino Zimbabwe Cement Company (SZCC) have declined by 15 per cent in the first quarter, in comparison with the same period last year. A further decline in sales this quarter has been projected by the company, which has cited a difficult operating environment and liquidity problems as some of the reasons for the decline. Wang Yong, SZCC managing director, said that the situation had been worsened by the smuggling of cheaper cement, mainly from South Africa. He also said a poor agr... |
Zimbabwe: firms face closure13 May 2016, Published under Cement NewsDue to an influx of cheap imported products in Zimbabwe, local cement producers have warned of a possible scaling down of operations and closures, saying protectionist measures are needed to save the industry. In a recent position paper presented to the Ministry of Industry and Commerce by the Cement and Concrete Institute of Zimbabwe, local cement manufacturers have called for the government to ban imported cement, among other interventions, saying the market is oversupplied. Some measu... |
Sino Zimbabwe cuts prices to boost market share05 October 2015, Published under Cement NewsSino Zimbabwe has reduced the price of its cement products by 20 per cent to increase market share, according to reports by the Financial Gazette’s Companies & Markets. General Manager, Wang Yong, said they had reduced the price of PC15 cement from US$10 to US$8/50kg bag, with the hope that the new strategy will boost sales going forward. Sino-Zimbabwe Cement Company is a joint venture between the Industrial Development Corporation of Zimbabwe Ltd (IDC) and China’s CBMC. It operates one ... |
Page
1
of
1
1