Cement News tagged under: Tanzania
Zambia watchdog to examine pricing factors06 November 2013, Published under Cement NewsZambia’s Competition and Consumer Protection Commission (CCPC) is to examine the upward adjustment is cement prices across four countries in sub-Saharan Africa. CCPC public relations officer Hanford Chaaba said in an interview with the Times of Zambia that the study being conducted with the support of the African Competition Forum (ACF) to determine the causes of cement prices rises in South Africa, Botswana, Tanzania and Zambia. “We have been monitoring this situation concerning price cha... |
ARM expects new capacity to boost earnings01 November 2013, Published under Cement NewsKenya’s ARM Cement said it expects earnings to increase at a faster pace this year thanks to its new capacity in Tanzania. In an interview with Reuters, ARM Cement’s chief executive, Pradeep Paunrana, told Reuters that the company is looking to increase its “top line and bottom line by 35 per cent over last year,” and expects similar growth next year regarding its expectations for profitability and sales.. The company commissioned a 0.75Mta grinding plant in the Tanzanian capital of Dar ... |
ARM anticipates higher earnings growth04 October 2013, Published under Cement NewsKenya-based ARM Cement expects a slight acceleration in earnings this year as new capacity in Tanzania boosts volumes, its chief executive has said. Referring to his expectations for profitability and sales, Pradeep Paunrana told Reuters: “This year we are looking at increasing our top line and bottom line by 35 per cent over last year and next year we expect a similar growth.” The company commissioned a 0.75Mta grinding plant in the Tanzanian capital of Dar es Salaam a year ago, adding ... |
Tanga 1H hit by competition, higher costs04 September 2013, Published under Cement NewsTanzania-based cement producer Tanga Cement reported a 36.7 per cent drop in first-half net profit due to increased competition and operating costs. For the six months to the end of June 2013, net profit fell to TZS10.5bn (US$10.3m) from TZS16.6bn. "The low sale volume, together with reduced selling prices, reduced sales revenues by eight per cent to TZS122.62bn," company chairman, Laurence Masha, said in the statement. Kiln maintenance undertaken in May should reflect positively in th... |
Tanzanian producers call for reinstatement of EACUP import duties02 September 2013, Published under Cement NewsCement producers in Tanzania are calling for the government to reinstate the East African Custom Union Protocol (EACUP) 2005 to protect the industry against an influx of imports. The Guadian reported that during a half-day seminar chaired by the ministry of Transport (drawing key industry players, contractors and media representatives) local cement producers said their profits have been declining due to an influx of alleged substandard products. Pascal Lesoinne, East African Cement Pro... |
Kenya’s cement consumption leaps further ahead of production19 August 2013, Published under Cement NewsKenya’s cement industry, the largest in East Africa, will benefit from increased government spending on infrastructure projects and investors should buy shares on price dips, according to Kestrel Capital East Africa Ltd. “Increasing government capital expenditure in power and transport infrastructure projects will aid cement consumption growth,” the Nairobi-based brokerage said. Domestic consumption is growing at a faster rate than production, and Kenya’s market is expected to consume 81 p... |
Tanga Cement breaks ground on new line16 August 2013, Published under Cement NewsTanga Cement Company Ltd (TCCL) has launched construction of a new clinker production line involving an investment of US$165m. Speaking at the groundbreaking ceremony, Lau Masha, TCCL board chairman, told local press: "Apart from increasing our clinker manufacturing capacity to match the current cement grinding, this project will also reduce cement manufacturing cost, improve quality and increase cement availability,.” The first phase of the expansion project involved the installation of a... |
ARM's 1H13 pretax profit rises 28%, Kenya10 July 2013, Published under Cement NewsAn increase in sales has helped ARM Cement, Kenya's second-largest cement producer, to achieve a double-digit rise in pretax profit. Pretax profit for the six months ended June jumped to KES1bn (US$11.51m), a rise of 28 per cent YoY, the company said in a statement. Cement sales rose by 28 per cent YoY in the reporting period. The company, which operates a 0.75Mta clinker plant at Kaloeni, near Mombasa, and a 1Mta grinding works in Athi River, has a total grinding capacity of 1Mta. It... |
Athi River calls for use of locally-manufactured product01 July 2013, Published under Cement NewsAthi River Mining Tanzania Ltd is seeking the government’s intervention to stop sub-standard imports entering the local market. Concerns have been raised recently over the quality of imports into the East Africa region amidst claims that some manufacturers are using local agents that are unqualified leading to sub-standard products. Calls have been made for all cement imports to be subject to the same technical standards and regulations as local cement. Rick Ashley, chairman of ARM Cem... |
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 ... |