Cement News tagged under: Lafarge Cement Zimbabwe
Lafarge to spend US$20m on Harare plant upgrade28 February 2014, Published under Cement NewsLafarge Cement is planning to invest US$20m in the rehabilitation of its Harare works in Zimbabwe to boost volumes. The company aims to increase utilisation from the current 70 to 90 per cent once work is complete. In an interview with All Africa News, Lafarge Cement chairman Johnathon Shoniwa said: "In the short-term we are focusing on existing plant rehabilitation as believe there is potential to produce more volumes that will satisfy the local and the export market." He highlighted ... |
Lafarge Cement Zimbabwe 1H profit slips03 September 2013, Published under Cement NewsLafarge Cement Zimbabwe’s profit for the first half of 2013 fell 3.8 per cent, but the company expects a better performance in the remainder of the year due to cost reduction measures and an improved operating environment. The company said profit after tax in the first six months of 2013 fell to US$2.6m due to lower sales and the payment of retrenchment costs. Revenue for the six months to the end of June 2013 totalled US$32.2m, six per cent less than the US$34.3m posted in the same perio... |
Lafarge Cement Zimbabwe eyes further investment18 June 2013, Published under Cement NewsLafarge Cement Zimbabwe has earmarked an investment of US$180-200m over the next 10 years to raise capacity in the southern African country. Speaking to local press during an event to launch the company’s “building better cities” branding campaign, managing director Jonathon Shoniwa said the new investment would increase the producer’s capacity by 1Mta from the current 0.45Mt. The move will also boost Lafarge Cement Zimbabwe’s market share from the current 38 per cent, Mr Shoniwa told AllA... |
Lafarge Cement Zimbabwe pledges funds towards community development26 March 2013, Published under Cement NewsLafarge Cement Zimbabwe has pledged US$3m towards the Mashonaland East community share ownership fund to meet the requirements of the country’s economic and empowerment regulations. The cement producer has also pledged US$70 000 towards the preparations and hosting of the community share ownership fund launch, NewsDay reports. Speaking at the Mashonaland East stakeholders’ meeting for the launch of the scheme in Uzumba-Maramba-Pfungwe last Friday, Lafarge managing director Johnathan Shon... |
Lafarge Cement revises full-year revenue target upwards, Zimbabwe01 June 2012, Published under Cement NewsRising cement demand in the Zimbabwe market has resulted to Lafarge Cement Co upgrading its revenue forecast for full year 2012 to US$62m, from an initial forecast of US$60m. During a trading update at the company’s AGM, Jonathan Shoniwa, said increased capacity utilisation and cement demand had resulted in Lafarge reviewing its initial revenue target upwards by US$2m. "The level of operation has allowed us to review revenue targets for the full year to US$62m, from the initial US$60m,"... |
Lafarge Cement Zimbawe to improve plant efficiency09 April 2012, Published under Cement NewsLafarge Cement Zimbabwe plans to spend US$4.5m on capital expenditure during 2012 in a move aimed at improving the plant’s efficiencies, according to local press. In a trading update for the first three months ending March, managing director Jonathan Shoniwa said: “This is expected to result in better plant rehabilitation and improved efficiencies.” He said cement demand in the first three months was up 31% and the market remained predominantly retail as the construction sector’s contribu... |
Lafarge Zimbabwe bullish on year ahead30 March 2012, Published under Cement NewsLafarge Cement Zimbabwe reported a 19 per cent increase in turnover of ZWD$49.7m (US$0.14m) in 2011 driven by rising local demand. Pretax profit was up 35 per cent to ZWD5m from ZWD3.7m the year before while net profit rose from ZWD3.5m from ZWD2.7m in 2010. Total cement sales for the year advanced by four per cent. Lafarge Zimbabwe chairperson, Muchadeyi Masunda said he remains bullish about the Zimbabwe economy which is expected to continue growing with increased activity in mini... |