Cement News tagged under: Tanzania
Mbeya Cement Co Ltd appoints a new CEO12 July 2024, Published under Cement NewsMbeya Cement Co Ltd , a member of Amsons Group and building materials manufacturer, under the 'Tembo Cement' brand has appointed Dr Mohamed Ismail Elsaidy as its new CEO and member of the Executive Committee. Dr Elsaidy brings 25 years of multinational experience in heavy industry manufacturing and business management to the company. His appointment represents the company’s continued commitment to growth and value creation. |
New white cement plant for Tanzania23 May 2024, Published under Cement NewsTanzania has started white cement production at a 200tpd cement plant in Mkuranga District, Coast Region. The new plant is owned by Fortune Cement Co Ltd. The construction of the factory is expected to not only create job opportunities and bring in foreign exchange earnings but will also significantly contribute to the local economy. At present more than 50 per cent of the raw materials required for production are sourced locally in Tanzania. Dolomite and gypsum are locally available, but... |
Tanzania’s transformation20 May 2024, Published under Cement NewsTanzania’s GDP has proven robust and is growing, resulting in major government infrastructure construction projects. This infrastructural transformation is boosting domestic cement demand but operational challenges for local producers remain. Meanwhile, changes to the corporate landscape have been hitting the headlines. By ICR Research, UK As the Tanzanian government looks to unlock the country’s potential through infrastructure investment, the construction industry is expected t... |
Holcim exits Uganda and Tanzania15 November 2023, Published under Cement NewsHolcim has signed agreements to divest its businesses in Uganda and Tanzania. It has agreed to sell Hima Cement Ltd , its local subsidiary in Uganda, to the Sarrai Group, for an enterprise value of US$120m. Holcim has also agreed to sell its 65 per cent share in Mbeya Cement Co Ltd in Tanzania to Amsons Group for an undisclosed sum. Completion of both transactions is subject to obtaining the respective regulatory clearances. Martin Kriegner, regional head Asia, Middle East and A... |
Judge blocks acquisition of Tanga Cement in Tanzania22 August 2023, Published under Cement NewsThe proposed acquisition of AfriSam subsidiary, Tanga Cement , by Heidelberg Material 's Scancem International DA has hit a snag as a tribunal judge ruled a decision to accept the deal to be against the law. Judge Salma Maghimbi of The Fair Competition Tribunal (FCT) in Tanzania, has ruled the decision by the Federal Competition Commission (FCC) to accept the merger was wrong, stating that the FCC does not have jurisdiction over the matter. Chalinze Cement of Tanzania has also oppose... |
Heidelberg Materials' divestments and merger ripples28 April 2023, Published under Cement NewsHeidelberg Materials has been looking to simplify its portfolio and reposition the company on a net zero path. This has seen divestment and merger ripples recently reach the cement markets of Georgia and Tanzania. Creating funds to reallocate for investments in the circular economy and the wider building materials sector has seen Heidelberg Materials start to accelerate divestment activity this year. The group's divestment of its eastern European joint venture in Georgia, where it held a ... |
Lawrence Masha resigns as Tanga Cement board chairman02 January 2023, Published under Cement NewsLawrence Masha has left the board of Tanga Cement Co Ltd. In a statement to the Dar es Salaam Stock Exchange, the company said:”Shareholders are advised that Tanga Cement PLC announced today that the Chairman of the Board, Mr.Lawrence Masha, resigned from his position with effect from December 15, 2022, having spent nine years on the Board of the Company, to be able to commit to a new opportunity.” The resignation follows its failed takeover by Scancem International, subsidiary of Heidel... |
Tanzania Portland Cement reports 9M profit up 6%02 November 2022, Published under Cement NewsTanzanian cement producer Tanzania Portland Cement PLC has posted a six per cent increase in pretax profit in the first nine months of the year as domestic and export cement demand has surged. Pretax profit increased by six per cent YoY to TZS110.53bn (US$47.4m) in the 9M22 from TZS94.82bn in the year-ago period. The company’s cement revenue rose by nine per cent YoY to TZS358.3bn, but the cost of sales of TZS226.2bn considerably impacted its net profit. “The high availability and effic... |
Dangote Cement's regional volumes fall by 11% in 1H2203 August 2022, Published under Cement NewsDangote Cement 's pan-African volumes reduced by 11 per cent to 4.9Mt from 5.5Mt in the 1H22 due to increased supply chain challenges and maintenance activities. The best-performing markets for the group were Ethiopia, Senegal and Tanzania. Ethiopia is one of the largest markets for Dangote Cement outside of Nigeria. The market remains short of supply as most plants are operating at very low capacity. Ethiopia's total market for cement was appproximately 2.7Mt in the first six mon... |
WCA welcomes Maweni Limestone29 June 2022, Published under Cement NewsThe World Cement Association (WCA) announced that Maweni Limestone Ltd , a subsidiary of Huaxin Cement Group , has joined the organisation as a corporate member. Located in Tanzania, Maweni Limestone is one of east Africa’s leading cement producers. Acquired and rebuilt by Huaxin Cement Group in 2020, the company has an output of 1.5Mta of cement. WCA CEO, Ian Riley, comments: “We look forward to the contribution they will make to our efforts to share and improve best practice among me... |