Cement News tagged under: Zimbabwe
Lafarge Cement Zimbabwe expects to double cement production volumes in 202301 November 2022, Published under Cement NewsLafarge Cement Zimbabwe is planning to double its cement production volumes in 2023 following the expected 4Q22 startup of its new vertical roller mill. “The commissioning process of the VCM [vertical cement mill] started in the 2Q22. The company will essentially double its cement production capacity and improve raw material availability to the new dry mortar plant,” said Chairman Kumbirai Katsande. “The new VCM is anticipated to be fully operational by the 4Q22,” added Mr Katsande. ... |
PPC Group revenues rise 9%16 September 2022, Published under Cement NewsPPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimbabwe were offset by robust demand growth in Rwanda. In addition, cash generation remains positive and... |
Lafarge Cement Zimbabwe's new mill to be operational by year end16 September 2022, Published under Cement NewsLafarge Cement Zimbabwe Ltd ( Fossil Mines Pvt Ltd ) said it will continue to increase production of its products to meet the demands associated with the growth of the economy, with the targets set in the National Development Strategy 1 usefully giving a strong estimate of the size of the local market each year. This follows approved an initial US$25m investment that will go towards increasing cement and agricultural lime capacity and an automated dry mortar plant for the local company Laf... |
Lafarge Zimbabwe Cement's new mill awaits hand-over14 September 2022, Published under Cement NewsLafarge Zimbabwe has completed the construction of a new mill that will double its cement manufacturing capacity at its Manresa plant , but it cannot use the new grinding system because it owes the supplier US$5.2m, according to the online news service the Insider. The new vertical cement mill is part of a US$25m investment in expansion by Lafarge and will increase capacity from 450,000tpa of cement to 1Mta. But the company that built the US$15m plant, CBMI of China, will only fully h... |
Lafarge Cement Zimbabwe to increase exports24 June 2022, Published under Cement NewsLafarge Cement Zimbabwe made its first exports to Malawi and is expecting to build on the shipment to increase exports from Zimbabwe. “Because of our significant capacity, which is first of all oversized for the domestic market, growing demand in the region for this type of products, we are looking at, especially, (export) markets like Zambia and Malawi,” said CEO Geoffrey Ndugwa. “We just made our first exports to Malawi a few weeks ago, so we are feeling pretty good about the trend,” h... |
Fossil to recapitalise Lafarge Zimbabwe15 June 2022, Published under Cement NewsFossil Mining, the new owner of Lafarge Zimbabwe, has said it plans to keep the company on the Zimbabwe Stock Exchange once its takeover of the cement producer is completed. According to the company, it intends to recapitalise Lafarge Zimbabwe, leading to an increase in cement output. “Currently 40 per cent of Zimbabwe’s cement requirements are imported, an opportunity that Fossil wants to capitalise on by providing the market with readily available cement,” the company said, as reported in ... |
Lafarge Zimbabwe sells majority stake in its operations08 June 2022, Published under Cement NewsLafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its business. This is a further sale for Holcim following recent divestments decisions taken in India for ACC Ltd and Ambuja Cements. The Manresa cement plant has a cement capacity of 0.45Mta and employees 800 people directly. There is currently a 0.5Mta expansion project being constructed at the plant. |
PPC Cement Zimbabwe announces solar investment03 May 2022, Published under Cement NewsPPC Cement Zimbabwe has announced a US$40m solar power investment for its Bulawayo and Colleen Bawn plants to support the company’s energy requirements and help reduce gas supply in the country. The planned projects are expected to have a combined output of 30MW, ow which 17MW will be for internal consumption and the excess to be fed to the national grid, according to a report in the Chronicle. The Bulawayo facility will set up a 10MW plant (set to over over 22ha of land), with 5MW plan... |
Plant disruption drives Lafarge Zimbabwe to a loss02 May 2022, Published under Cement NewsLafarge Cement Zimbabwe recorded a US$695m loss in 2021, compared to a US$5bn profit in the same period a year earlier. The fall is reportedly due to the negative impact of disruptions from the roof collapse at one of its cement mills and the adverse effect of the COVID-19 pandemic. This led to a 21 per cent decline in 2021’s volume uptake and a subsequent loss before tax of US$364m, versus a US$3.2bn profit in the previous year. The collapse of the mill plant halted operations between Oc... |
PPC Zimbabwe forecasts 25% rise in domestic cement demand25 March 2022, Published under Cement NewsPPC Zimbabwe has projected a 25 per cent increase in cement demand in the local market spurred by government funded projects and rising retail demand. Zimbabwe’s government attributes the increase in cement demand to the sharp rise in housing construction and private sector-led infrastructural development programmes that have pushed demand for Zimbabwe’s cement makers. In an operational update for the 12 months ending 31 March 2022, PPC Zimbabwe said the local operations continue to ... |