Cement News tagged under: Lafarge Zambia
Lafarge Zambia reduces cement price by 5-10%03 November 2021, Published under Cement NewsLafarge Zambia has reduced the price of cement by 5-10 per cent from 30 October 2021. The price reduction was said to be inevitable due to the appreciation of the kwacha against other major convertible currencies in the past two months, according to the Zambia Consumer Association (ZCA), which welcomed the step. Lafarge Zambia Corporate Affairs and Communication, Sarah Banda, said in a statement that the reduction in the price of cement was caused by the recent appreciation of the kwacha a... |
Huaxin Cement plans US$160m investment in African expansion17 June 2021, Published under Cement NewsHuaxin Cement plans to spend US$160m to purchase cement factories in Zambia and Malawi to expand its presence in Africa, according to a company statement. Huaxin Hainan Investment wants to buy a 75 per cent stake in Lafarge Zambia from French cement maker Financière Lafarge, which isa major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for US$112.5 m, said the Chinese cement company. It will also make compulsory cash offers to public stakeholders to buy up th... |
Lafarge Zambia posts losses of ZMW12.3m in 1H2014 September 2020, Published under Cement NewsLafarge Zambia Plc has posted losses of over ZMW12.3m (US$615,000) during its financial half-year period ending 30 June 2020. The company saw increased production costs and the local kwacha currency devalued during the period. Lafarge Zambia will continue to focus on developing the export market to sustain its growth as the domestic market remains substantially oversupplied with the commodity. |
Overcapacity in Zambia continues unabated04 October 2019, Published under Cement NewsThis week, CemNet reported that the cement industry in Zambia has so much overcapacity that Lafarge Zambia has been forced to raise its prices in an attempt to stay in business. While domestic cement consumption stands at approximately 2.2Mta, the cement industry has a production capacity of about 5Mta and continues to expand. Government support for cement sector Zambia's ZMW106bn (US$8.1bn) 2020 budget will provide some relief for the sector as spending plans include ZMW1.1bn for po... |
Lafarge Zambia Plc had to raise prices to stay afloat02 October 2019, Published under Cement NewsLafarge Zambia's CEO, Jimmy Khan, has spoken out about the crippling overcapacity in Zambia's cement market. Mr Khan said Zambia's cement consumption stands at around 2.2Mt compared to a production of about 5Mt. Mr Khan told President Lungu at State House in Lusaka yesterday that his company recently hiked cement price by 25 per cent to stay in business. Mr Khan said his firm made losses of about ZMW43m (US$3.3m) due to many players coming in the sector and that management saw it fit to inc... |
Lafarge helps boost rail freight for Zambia Railways18 September 2017, Published under Cement NewsZambia Railways Ltd (ZRL) has recorded an increase in freight in the first half of the year by 70,379t due to signing of service level agreements with local companies. Part of the increase was due to ZRL arranging a new contract with Lafarge Cement. ZRL Public Relations Officer, Sombe Ngonga, attributed the increase in freight to the acquisition of more business from its customers in the Democratic Republic of Congo and the importation of coal from Zimbabwe for the booming cement produc... |
Lafarge Zambia boosts Ndola plant by 100,000tpa29 January 2016, Published under Cement NewsLafarge Zambia has successfully commissioned a plug-and-grind cement plant in Ndola which will produce 0.1Mta of cement, bringing the plant’s total capacity to 500,000tpa. Speaking at the event Lafarge Zambia CEO, Emmanuel Rigaux, said the plug-and-grind project was yet again a new innovation by Lafarge Zambia as the company places strong focus on sustainable development and utilisation of resources such as land. The plant is a portable cement grinding plant which uses state-of-the art tec... |
Lafarge Zambia reports first-half increase16 September 2015, Published under Cement NewsLafarge Zambia plc has posted a four per cent profit after tax from ZMW180.7m ((US$18.4m) in 1H14 to ZMW187.1m in the same period of 2015 despite the country's economic challenges and political uncertainties in Democratic Republic of Congo (DRC), which constitutes the company’s major export market. The company also recorded a 14 per cent turnover of ZMW699.1m in 2015 from ZMW614.3m in 2014. Lafarge Zambia CEO Emmanuel Rigaux said domestic demand in the second half is expected to continue t... |
Lafarge Zambia to kickstart expansion project in 2H1508 April 2015, Published under Cement NewsLafarge Zambia will begin work on a EUR200m expansion project in the second half of this year, Emmanuel Rigaux, chief executive of the Lafarge unit, said last week. The work will double Lafarge Zambia’s existing capacity, adding 1Mta. The company is proceeding with the project despite Dangote Cement due to launch its own 1.5Mta plant in Zambia. However, Mr Rigaux told the Cape Times that demand from neighbouring DR of Congo would help absorb the additional volumes. "The growth there is mass... |
Lafarge Zambia reports first-half profit rise25 August 2014, Published under Cement NewsLafarge Zambia reported a 66 per cent rise in first half profit to ZMK181m (US$29,86), due in part to favourable volumes and cost control measures. Company chief executive officer, Emmanuel Rigaux, highlighted that the results improved despite domestic and export markets facing challenges with stiffening competition, cost inflation and a number of changes in the regulatory environment. "Together with improvements in operational and industrial performance at our Ndola and Chilanga plants, w... |