Cement News tagged under: Kolos Cement

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Kolos Cement posts MUR48.5m loss

31 May 2023, Published under Cement News

Mauritius-based Kolos Cement reported losses of MUR48.5m (US$1.06m) in the January-March 2023 quarter. The company’s turnover increased 9.4 per cent to MUR522m when compared with MUR477m in the January-March 2022 quarter. Inflation, exchange rate volatility, and rising raw material and fuel costs impacted on the company’s profit margins. For example, fuel costs were up by 264 per cent YoY and packaging expenses by 80 per cent.   “Our losses are attributed to increased costs locally and in...

Kolos Cement launches 'Retourn to Plastik' campaign

23 May 2022, Published under Cement News

Kolos Cement in Mauritius  has launched its   'Retourn to Plastik' campaign in the presence of officers from the Ministry of Environment, Solid Waste Management and Climate Change. Kolos has launched the palletless system, a first in the Indian Ocean region in terms of packaging technology that will rethink its modes of operations and measure the impact of the company’s actions for sustainable change.   FLSmidth supported Kolos in the implementation and deployment of this innovat...

Kolos Cement sees 39% rise in turnover in 2021

07 April 2022, Published under Cement News

Mauritius-based Kolos Cement Ltd reported a turnover of MUR1.8bn (US$40.2m) in 2021, up 38.5 per cent from MUR1.3bn in 2020. However the company’s operating profit reached MUR161.5m, down 18.6 per cent from MUR198.4m in the previous year. In addition to the nationwide six-week lockdown due to the COVID-19 pandemic in 2021, the company also faced further challenges to the increased raw material costs as the rupee weakened and the cost of freight went up. The company expects 2022 to be equ...

Lafarge Mauritius and Kolos reduce cement price

30 September 2021, Published under Cement News

After Mauritius-based cement importer Kolos Cement Ltd dropped its retail price for Eco Plus cement from MUR143.84/bag (US$3.37/bag) to MUR135.84, Lafarge Mauritius has announced a decrease in the retail price of two of its products from 1 October 2021. Baobab 6, a 22.5-grade cement, will see its retail price reduced from MUR142.40 to MUR134.60 while Baobab Mazik, a 32.5-grade cement, will be sold at MUR139.80, down from MUR147.90. “This decision was taken after the company and the Commer...

Kolos sees 17% profit drop in 2020

06 April 2021, Published under Cement News

Mauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in profit and income was the result of the lockdown due to the COVID-19 pandemic as well as the rising cost of raw materials as the rupee weakened. However, the company stated that “despite the difficult operating environment, the company showed tremendous resilience and demonstrated its ability to ensure continuous sup...

Kolos Cement released from competition requirements

17 September 2018, Published under Cement News

Mauritius-based Gamma Civic Ltd has been released from its commitment set by the Competition Commission of Mauritius (CCM) to have its subsidiary Kolos Cement Ltd, previously known as Holcim (Mauritius), resort to a bidding exercise to buy cement. The company currently operates the largest terminal on the Indian Ocean at 60,000t. Gamma Civic acquired 51 per cent of the company in 2015, and was subsequently required to address any competition issues. The company agreed it would buy cement th...