Cement News tagged under: Tanzania Portland Cement Company

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TPCC profits rise, dividend announced

18 April 2016, Published under Cement News

Tanzania Portland Cement Company (TPCC) profit increased by three per cent to TZS56.2bn (US$25.72m) in 2015, despite depreciation of the shilling that had a negative impact on fuel, spares and quarry services, according to a report in the Tanzania Daily News. TPPC, trading on the Dar es Salaam Stock Exchange (DSE) as Twiga cement, said profits rose due to stable domestic cement demand and an increase in production capacity last year which pushed up sales volumes by 22 per cent. The compan...

Higher production costs take toll on TPCC's half-year results

26 August 2015, Published under Cement News

Tanzania Portland Cement Co (TPCC) posted a net profit of TZS22.17bn (US$10.4m), down 18.3 per cent from the TZS27.14bn recorded during the corresponding period last year. First half revenue climbed to TZS135.74bn as sales increased, but the increased cost of sales and insurance proceeds a took toll on profitability. TPCC Chairman, Jean-Marc Junon, said: "The operating profit for the period was impacted by increased production costs especially on raw materials and fuel due to depreciation ...

TPCC refutes plant closure reports, Tanzania

12 February 2015, Published under Cement News

Tanzania Portland Cement Company (TPCC) has refuted reports of closing down its operations due to environmental concerns as "false and overly exaggerated". Alfonso Rodriguez, TPCC managing director told the Daily News on Wednesday that: "We are not closed, the operations are going on as usual at TPCC." Last week, the cement producer was reportedly ordered to close down operations by the National Environment Management Council (NEMC) over allegations of environmental pollution.