Cement News tagged under: Tanga Cement
Tanga Cement to begin construction of new kiln line24 June 2013, Published under Cement NewsTanga Cement Company Ltd (TCCL) is soon to begin construction of a second kiln line that will more than double the company's clinker production and eliminate the need for costly clinker imports. Briefing of distributors from Kilimanjaro and Arusha regions during a tour of Tanga's cement plant last weekend, Erik Westerberg, TCCL's managing director, said: "We expect that by completion, the kiln that will cost some US$165m will help the company in saving the colossal amount of money ... |
Tanga Cement annual sales reach record high, Tanzania11 April 2013, Published under Cement NewsTanga Cement said its cement sales last year crossed the 1Mt mark – the highest in the Tanzanian cement producer’s history. Sales at the company, which produces the Simba Cement brand, rose by 21 per cent to TZS257.92bn (US$158.8m) thanks to increased exports which rose by 55 per cent YoY. Pretax profit rose to TZS55.93bn from TZS37.08bn an net profit increased by 52 per cent YoY. Commenting on the performance, acting chairman Professor Samuel Wangwe said: "The sales volume increase ma... |
Tanzanian government accepts cement imports27 February 2013, Published under Cement NewsTanzania's government has said that it could not put trade barriers on imported cement as requested by domestic cement companies, because local production is still insufficient. Tanzania's Minister for Industry, Trade and Marketing, Dr Abdallah Kigoda said despite the expected progress from cement industries, the government will still allow cement imports until local producers meet domestic demand. Kigoda admitted that although imported cement is sold at a lower price compared to locall... |
Tanga Cement set to begin new line construction, Tanzania20 September 2012, Published under Cement NewsTanga Cement Company Ltd (TCC) is expected to start construction of the second kiln in the third quarter of this year. The second kiln will enable the cement factory to produce enough clinker to supply all of its own requirements and dispense with imports, the company said in unaudited results for the six months to 30 June 2012 being released to East African Business Week last week in Dar es Salaam "The East African market is experiencing rapid economic development as a result of infras... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |
Tanga Cement price comment, Tanzania29 May 2012, Published under Cement NewsTanga Cement's managing director Erik Westerberg has said that is poor and unreliable rail transport is causing an escalation in cement prices in the country. “We are relying on road transport to move our products which is very costly,” Mr Westerberg told East African Business Week during the cement producers AGM last week. “If we were to use rail transport it would reduce the costs of production thereby reduce the final prices," he said. He added that, if the rail transport was reliab... |
Tanga Cement plans second kiln line, Tanzania21 May 2012, Published under Cement NewsTanga Cement, Tanzania’s second-largest cement producer, said it plans build a second kiln line as it aims to increase exports to member states of the East African Community trade bloc. The new kiln will increase clinker capacity from 500,000tpa to 600,000tpa and is planned to be commissioned in the first quarter of 2015. FLSmidth of Denmark has since confirmed that it is negotiating a contract with Tanga, but stated that: “If and when the contract is finalised and becomes binding, we shall... |
Tanga Cement: full-year 2011 down on rising production costs16 April 2012, Published under Cement NewsTanzanian cement producer, Tanga Cement, reported a 32 per cent drop in 2011 net profit due to the depreciation of the local currency, erratic power supply and rising costs of imported clinker. The company, part of South Africa’s AfriSam group, said net profit fell to TZS21.93bn (US$13.9m) last year from TZS32.2bn the year before despite positioning itself well to meet rising cement demand, according to reports in All Africa News. Tanga Cement acting chairman, Prof. Samuel Wangwe, said gr... |