Zimbabwe’s cement price surges as Lafarge reports mill out

Zimbabwe’s cement price surges as Lafarge reports mill out
Published: 05 October 2011

Cement prices in Zimbabwe have shot up from their recommended average price of US$12.50/50kg bag to US$16-20 after Lafarge Zimbabwe confirmed yesterday that one of its two mills was down.

Lafarge’s local Managing Director Jonathan Shonhiwa said it was unfortunate that some retailers were taking advantage of the shortage to exploit customers. "We are currently operating one cement mill as the other one has broken down," said Mr Shonhiwa. "The cement mill breakdown has resulted in shortages on the market (since) we are a major player." He said the company was working "flat out" to restore normalcy.

The cement shortage has come at a time when the construction industry is starting to pick up due to the steady recovery of the economy.