Cement News tagged under: Sino Zimbabwe Cement
Cement shortage hits Zimbabwean economy04 January 2024, Published under Cement NewsZimbabwe’s economic growth in the third quarter of 2023 was hit by a shortage of cement, according to local news source, Chronicle. The country’s economy grew by just 1.3 per cent over the three-month period, reports the Zimbabwe National Statistics Agency, driven by a 36.7 per cent slowdown in construction activity, which was reportedly due to a lack of cement supplies. Plant breakdowns and scheduled maintenance meant that local producers, including PPC Zimbabwe , Khaya Cement and Si... |
Sino Zimbabwe Cement challenged by export competition17 March 2020, Published under Cement NewsSino Zimbabwe Cement has been forced to restrict its business after being outcompeted in export markets by Dangote Cement. Sino Cement has faced stiff competition in the export markets of Zambia and Tanzania. Andrew Gona, Sino Zimbabwe Cement's export manager, said: "We used to export, but the growth of Dangote in the region has pushed us out on competitive grounds. They have built modern plants that are low cost right in the heart of what used to be our export market. "We can supply and s... |
Foreign currency shortage leaves Sino Zimbabwe short of cement bags01 February 2018, Published under Cement NewsSino Zimbabwe Cement company has a foreign currency shortage problem that has left it short of funds to pay for cement packaging material, reports the Zimbabwe chronicle. The Gweri-based cement producer has been pledged foreign currency allocations as a priority by the central bank to enable it to buy raw materials for cement production, but with demand for cement rising so quickly that there has been an increase in the need for bagging material as well for which Sino Zimbabwe needs foreig... |
Sino Zimbabwe seeks land for industrial park and housing21 December 2017, Published under Cement NewsSino Zimbabwe Cement is seeking land from Zimbabwe’s government to build an industrial park and housing on the outskirts of Gweru. In addition, it has approached the government to acquire 2500m2 in Gweru’s central business district for the construction of administrative offices. “Sino Zimbabwe Cement has approached us seeking land for its various projects.They want land from Gweru City Council for the construction of its administration offices,” said Midlands Minister of State for Provinc... |
Sino Zimbabwe sales boosted by housing developments07 August 2017, Published under Cement NewsSino Zimbabwe Cement realised a 10 per cent YoY increase in sales volumes in the second quarter of 2017 driven by housing developments across the country. Yong Wang, managing director of the local cement producer, told Business Chronicle (Zimbabwe) that the company has been facing a number of challenges including liquidity constraints and the alleged smuggling of cheap cement imports, especially from South Africa. However, he noted that “there has been progress,” mainly due to housing deve... |
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