Zambia: cement traders reduce prices as supply stabilises

Zambia: cement traders reduce prices as supply stabilises
Published: 08 March 2010

Most cement traders in Lusaka have reduced the price of the commodity from K55,000 to K52,000.
 
A Daily Mail survey at Chibolya market and Garden township reveals that outlets are selling a 50kg bag of Lafarge cement at between K52,000 and K53,000.
 
MICMAR Investments Limited head of operations, Sandeep Dey, said the reduction is due to a notable discount given to traders by Lafarge Cement Zambia Plc which is being passed on to customers.
 
“Depending on the quantity one is buying, a customer can even get a discount and buy a bag at K52,000,” he said.
 
Mr Dey said this in an interview in Lusaka yesterday. Another trader, Robert Phiri, said the reduction is good for clients because the prices have been high for some time.
 
Lafarge Cement Zambia corporate affairs and communications manager Eugene Chungu said the company has reviewed its distributor programme of cement across the country.
 
“This is in an effort to continually enable the product land on the retail market at a more competitive price,” he said.
 
Meanwhile, Mr Chungu said Lafarge’s objective is to continue being a partner in the development of the country and the development of the construction sector.
 
He said a competitive retail price of cement will ultimately benefit the customers and lead to increased construction in the country.
 
Mr Chungu said his company constantly reviews its environment in order to provide product offerings that suit the needs of the customers.