Cement News tagged under: Tanga Cement
Tanga confident on improving market conditions09 May 2017, Published under Cement NewsTanga Cement has said it is upbeat that the market challenges faced last year are coming to an end thanks to a growing domestic economy and the launch of mega-infrastructure projects. The company's Board Chairman, Lawrence Masha, told the 'Daily News' at the sidelines of the company’s AGM that it is optimistic that cement sales would rebound after a slowdown caused by intense competition. Last year, revenue dropped by 20 per cent in 2016 to to TZS166.9bn (US$74.6m) due to heightene... |
Tanzania: workshop looks to attract more women to the cement sector12 December 2016, Published under Cement NewsTanga Cement PLC Communications and External Affairs Manager, Mtanga Noor, said women can be industry leaders in the cement sector. She was speaking in regard to the Tanzania Women Chamber of Commerce (TWCC) workshop on the role of women in the fifth-phase government industrialisation drive campaign that was held recently in Dar es Salaam. Ms Mtanga said that they spent TZS8m (US$3666) to sponsor the workshop but they want to see women integrating in brick making or producing as path in... |
Tanzania: Tanga Cement wins finance award06 December 2016, Published under Cement NewsTanga Cement Co Ltd (TCCL) has won the award for the best presented financial statement for 2015 from the National Board of Accountants and Auditors (NBAA). The NBAA award seeks to promote integrated reporting through enhanced accountability, transparency and integrity in compliance with appropriate financial reporting framework. The awards are presented annually by the board to various public and private institutions and companies which have consistently maintained the required financia... |
Tanzania: Tanga Cement launches new all-purpose cement21 September 2016, Published under Cement NewsTanga Cement Plc (AfriSam Group) has set its eyes on capturing more of the residential and infrastructure construction market in Tanzania. Its new Mkombozi all-purpose 32.5N cement was launched in Dar es Salaam yesterday, reports the Citizen. "This is all-purpose cement meant for various construction activities," said Leslie Massawe, Tanga Cement's sales manager. "It is a step by the company to approach Tanzanians with an innovative product of high quality and affordable to the people."... |
Tanzania: cement producers optimistic for future25 August 2016, Published under Cement NewsIn the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local producer Tanga Cement reported a decline in profit for 2015 compared to the previous year as a result of... |
Tanzania: Minister invites cement industry to voice its concerns17 August 2016, Published under Cement NewsTanzanian cement producers who have been stepping up the pressure on the new government to respond to the amounts of cheap cement imports have been given some encouragement to present their complaints. The minister for Industry, Trade and Investment, Charles Mwijage, advised local cement producers to meet with the government to sort out constraints in doing businesses. “Let's reason together so that we can build our case that I can defend to the government,” Mr Mwijage said at the inau... |
Tanzania: Tanga to inaugurate second clinker line02 August 2016, Published under Cement NewsTanga Cement plans to commission its second clinker line this month, more than doubling output to 1.25Mta. The Minister for Industry, Trade and Investment, Charles Mwijage, expects to inaugurate Tanga’s project on 16 August. The company, which trades as Simba Cement, invested US$152m into the expansion. The new clinker line will have a capacity of 775,000tpa, which added to the existing 500,00tpa capacity will create an overall clinker capacity of 1.25Mta. |
Tanzania: Tanga Cement to double clinker capacity31 May 2016, Published under Cement NewsThe Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Business Week reports. Construction of the new kiln is to begin shortly and will raise capacity at the Tanga plant from its current level of 0.5Mta. Grinding capacity is already thought to be 1.2Mta, meaning that the plant has had to rely on clinker imports in the past. Speaking at its annual general meeting, Chai... |
Tanga Cement to start new kiln30 May 2016, Published under Cement NewsA second kiln line is under construction at Tanga Cement Company Ltd (TCCL), Tanzania, which will increase clinker production capacity at the facility to 1.2Mta. The new line, which is to be commissioned soon, will have an annual clinker capacity of 700,000t and enable the company to displace more costly clinker imports. “We expect that by completion, the kiln that will cost some US$165m (TZS 363bn) and will help the company in saving the colossal amount of money spent in the importation o... |
Tanzania: Tanga Cement seeks to cut costs as profits fall17 May 2016, Published under Cement NewsTanga Cement has said that it will concentrate on cutting costs in an effort to counteract falling revenues, the Citizen reports. The company, whose profit fell to TZS8.24bn (US$3.8m) in 2015, held its annual general meeting this week. Speaking at the event, Board Chairman, Lau Masha, said: "Improving operational efficiency and containing production costs continues to be a major focus for the company... we have spent a lot of money in the last few years so as to ultimately reduce costs an... |