Cement News tagged under: Lafarge Zimbabwe
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 Cement Zimbabwe sees 24% rise in cement volumes06 August 2021, Published under Cement NewsLafarge Cement Zimbabwe registered a 23.7 per cent increase in cement volumes spurred by growing demand in the period ended May 2021, compared to the prior year. Company secretary, Faithful Sithole, said there was a surge in demand for cement for home building in spite of the adverse impact of the COVID-19 pandemic. "In line with the 2021 strategic agenda, the business achieved volume growth leveraging on the growing market demand in the individual home builder segment as well as the o... |
Lafarge Cement Zimbabwe to double cement capacity in 202214 July 2021, Published under Cement NewsLafarge Cement Zimbabwe (Holcim group) plans to double its cement milling capacity upon completion of the installation of a new vertical roller mill (VRM) in 2022. "The supply contract was signed in August 2020 and the manufacturing of the plant commenced the following month. Civil works for the VRM have since started and the expected completion date for the project is February 2022," Lafarge Cement Zimbabwe stated. The mill installation will be the last phase of a US$25m investment pl... |
Lafarge Cement Zimbabwe ordered to shut plant by EMA18 August 2020, Published under Cement NewsThe Environmental Management Agency ordered Lafarge Cement Zimbabwe (LafargeHolcim group) to close its 0.45Mta Manresa plant last week, because of abnormal dust discharges. Lafarge Cement Zimbabwe said it experienced an unexpected surge in dust emissions during a trial of alternative fuel in the plant between July 30 and 1 August, adding that immediate action was taken to control and contain the emissions and the incident was reported to EMA in line with regulatory requirements. It is under... |
Lafarge Cement Zimbabwe sees revenue advance 104%07 July 2020, Published under Cement NewsLafarge Cement Zimbabwe saw its profit for 2019 rise to US$178m, while volumes remained flat YoY at 323,000t. Gross profit increased 251 per cent to US$496m from US$141m in 2018. Kumbirai Katsande, chairman of the company, attributed the improved margins to agile pricing and disciplined cost management. The company saw its revenue advance 104 per cent YoY to US$919m in 2019, compared to US$449m in the previous year. It also started the implementation of a US$25m capex programme, which wil... |
Lafarge Zimbabwe appoints new Chief Executive04 March 2020, Published under Cement NewsLafarge Zimbabwe (LafargeHolcim group) has appointed Precious Murena-Nyika as its new chief executive. Siame Kaulule, who previously held the position, left in January 2020 to take up a new position for the company in South Africa. "Precious Murena-Nyika was yesterday confirmed as the new Lafarge Zimbabwe CE. The announcement was done by Lafarge East and Southern Africa area manager Pierre Deleplanque, who is in the country. Her appointment came at a time there have been calls to have a loc... |
Lafarge Zimbabwe appoints new CEO11 January 2019, Published under Cement NewsLafarge Zimbabwe has appointed a new CEO to lead the company as it fights to maintain its market share following a rise in imports and increasing competition from domestic rivals. Kaziwe Siame Kaulule will replace Amal Naiel, who left Lafarge Zimbabwe “to pursue other personal interests” after being in charge of the company for five years. Mr Kaulule, who is from Zambia, joins Lafarge Zimbabwe from Lafarge Holcim in the UK, where he was general manager for retail and has previously serve... |
Zimbabwe's cement demand outpaces supply07 September 2018, Published under Cement NewsZimbabwe is facing a cement shortage due to demand temporarily outpacing supply. The Confederation of Zimbabwe Industries (CZI) has demanded answers from the country's cement producers regarding the shortages. "We met the cement producers yesterday and they all said they are operating at full throttle. Sales are going on. Usual informal traders were taking advantage of the situation and hoarding cement for speculative purposes," said Sifelani Jabangwe, president of the CZI. As a result... |
Lafarge Zimbabwe returns to full-year profit04 April 2017, Published under Cement NewsLafarge Zimbabwe returned to full-year profit for the 12 months ending December 2016 as volumes edged ahead and cost savings in operations, plant maintenance and "better" inventory control, as well as a revaluation of plant property and equipment all contributed to the improved performance. The cement maker posted a net profit of ZMD3.1m (US$8565) in 2016 versus a ZMD1.9m loss in the same period of the previous year. Revenues in 2016 rose marginally to ZMD61m from ZMD60.9m as volum... |
LafargeHolcim13 October 2016, Published under Cement NewsLafarge Zimbabwe increased its first half turnover by 4.3 per cent to US$26.5m in 1H16, but the company's loss advanced by 61.9 per cent to US$2.25m, reflecting increased competition, including the arrival of a new competitor. Another competitor is threatening to close capacity unless the government acts to curb imports. |