Cement News tagged under: Tanzania Portland Cement

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Tanzania Portland Cement Co posts 45.6% profit fall in 1H17

01 September 2017, Published under Cement News

Tanzania Portland Cement Company (TPCC), part of the HeidelbergCement group, posted a 45.6 per cent drop in first-half profit after increased competition forced down local cement prices. TPCC reported net profit of TZS12.35bn (U$5.5m), down from TZS22.71bn a year ago. The producer's revenue of TZS119bn was down 16 per cent YoY, Chairman Hakan Gurdal said in a statement. Mr Gurdal added that the decline was mainly because of the lower prices in an increasingly competitive market. Mr Gu...

Tanzania: cement producers optimistic for future

25 August 2016, Published under Cement News

In the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local producer Tanga Cement reported a decline in profit for 2015 compared to the previous year as a result of...

Tanzania: Minister invites cement industry to voice its concerns

17 August 2016, Published under Cement News

Tanzanian cement producers who have been stepping up the pressure on the new government to respond to the amounts of cheap cement imports have been given some encouragement to present their complaints. The minister for Industry, Trade and Investment, Charles Mwijage, advised local cement producers to meet with the government to sort out constraints in doing businesses. “Let's reason together so that we can build our case that I can defend to the government,” Mr Mwijage said at the inau...

Tanzania: Twiga dividends increase 15%

27 May 2016, Published under Cement News

Twiga Cement announced at its Annual General Meeting held in Dar es Salaam yesterday that the dividend had risen from TZS267 (US$0.12) in 2014 to TZS306 in 2015. This increase is a result of profits going up to TZS56.2bn despite depreciation of the shilling, which had an impact on both fuel and quarry services. Alfonso Rodriguez, Twiga Cement managing director, said that the company saw 2015 as a year for consolidation, with particular focus on cost reduction and management control. Mr...

TPCC to have own gas plant, Tanzania

23 April 2015, Published under Cement News

Tanzania Portland Cement Company Limited (TPCC) plans to have gas plant are expected to be realised this year to reduce operational costs and overcome issues with erratic power supply. The TPCC Managing Director, Mr Alphonso Rodriguez, told local press during the 23rd Annual General Meeting (AGM) that arrangements were underway with a third party to build a gas plant at TPCC. Once completed, he said the company will be assured of reliable supply of power to meet its operational demands. TP...

TPCC targets 1.5Mta output in 2015

21 April 2015, Published under Cement News

Tanzania Portland Cement (TPCC), part of the HeidelbergCement Group, said that it its production targets will not be deterred by the ongoing “illegal importation” of cement into the east African country. The firm's managing director, Alfonso Rodriguez, said that the company will produce 1.5Mta this year, up from 1.4Mta in 2014.  The increased capacity follows last year's commissioning of a new 0.8Mta mill. "We managed to produce approximately 1.4Mt last year but that was not what we had...

TPCC operations reportedly suspended

09 February 2015, Published under Cement News

Tanzania’s National Environment Management Council (NEMC) has indefinitely suspended operations by the country’s largest cement producer Tanzania Portland Cement Co (TPCC) due to concerns on dust emissions, according to local press reports. The NEMC reached the decision to suspend plants operations following complaints from local residents who claimed that dust emissions from the plant were causing health problems.  Heche Suguta, NEMC senior legal officer, told The Citizen that the fact...

Tanzania likely to start exporting cement soon

26 November 2014, Published under Cement News

Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Tanzania's cement output rose 18.9 per cent last year to slightly above 3Mt on the back of higher demand. Janet Mbene, deputy trade minister,  said the rise in output would see Tanzania  produce a surplus to be exported. Annual cement production in east Africa's second-largest economy wil...

Tanzania: Twiga Cement forms MOU with Boko prison

25 November 2014, Published under Cement News

A Memorandum of Understanding (MoU) has been signed between Tanzania Portland Cement Company Ltd (Twiga Cement) and Tanzania Prison for the production of limestone at Boko Prison on the outskirts of the Dar es Salaam. Mbaraka Abdulwakil, the permanent secretary in the Ministry of Home Affairs, said the production of limestone from Boko prison mines will commence during the 1Q15 following the government approval of the deal. At an official ceremony US$100,000 (TZS100m) as well as 1200 bags ...

TPCC plans new marketing strategy to lift market share

26 February 2014, Published under Cement News

Tanzania Portland Cement Company (TPCC) plans to review its marketing strategies to improve distribution and sales of its products as it aims to recover lost market share. Following a 20 per cent drop in market share last year, company’s goal is to “improve the performance of our business in the market," TPCC Managing Director Alfonso Rodriguez told a news conference in Dar es Salaam over the weekend. Mr Rodriguez said the company’s net income declined by over one-third to TZS19bn (US$1...