Cement News tagged under: Tanzania Portland Cement

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Tanzania Portland optimistic on 2H turnaround

16 September 2013, Published under Cement News

Tanzania Portland Cement Company expects a recovery in second half net profit thanks to reduced production costs. In the first six months of the year, net profit fell by over one-third to TZS19bn (US$11.8m) due to unregulated imports,  power shortages and problems with its electric transformer, the HeidelbergCement group company had previously said. However, TPCC managing director, Pascal Lesoinne that problems with the electric transformer (which had cut the number of operational mills...

Tanzania Portland Cement net profit rises 22 per cent cost efficiencies

19 April 2013, Published under Cement News

Tanzania Portland Cement Co, part of the HeidelbergCement Group, reported a 22 per cent rise in net profit in 2012 to TZS61.57bn thanks to tighter cost control and despite competition from imports. Operations at the 1.4Mta plant in Wazo Hill, situated 25km outside the capital Dar es Salaam, were also supported by the return of stable power supply as well as an eight per cent growth in construction activity. Cement demand, meanwhile, rose to 2.7Mt from 2.23Mt in 2011. To meet the marke...

TPCC reports 22% rise in net profit, Tanzania

18 March 2013, Published under Cement News

Tanzania Portland Cement Company Ltd (TPCC), part of HeidelbergCement, posted a 22 per cent increase in net profit despite competition from regional imports. Net profit for the year to December 2012 rose to TZS1.57bn (US$968m) from TZS50.6bn in 2011. Turnover increased 15 per cent to reach TZS249.11bn compared to 217.25bn recorded in the year before. The cost of sales was pushed up by double digit high inflation rates and energy tariffs rising to TZS126.7bn against TZS117.7bn registered in ...

Tanzania: request to protect local cement firms declined

07 December 2012, Published under Cement News

The Tanzanian government has again rejected local cement producers' pleas for an increase in the common external tariff on cement imports. Instead, the cement companies have been asked to calculate their genuine production costs so that the government can help them compete fairly with their foreign counterparts. The Minister for Trade and Industry, Dr Abdallah Kigoda, said in Dar es Salaam that the government is not planning to remove the suspended duties on imported cement, but would inst...

Tanzanian Portland cement sees increased demand

09 May 2012, Published under Cement News

Tanzania Portland Cement Co (TPCC), a unit of HeidelbergCement, reported a rise in full year 2011 net profit and sees cement demand continuing to rise as it prepares to bring new capacity on-line. TPCC reported net income in the 12 months through to December of TZS50.6bn (US$32m) up from TZS50.2bn. However, higher input costs and issues with electricity supplies hampered the company’s performance.  “Higher imports of clinker and frequent breakdowns of machinery resulting from the erratic ...

TPCC profit constrained by power issues, Tanzania

23 March 2012, Published under Cement News

Tanzania Portland Cement Company Limited (TPCC) net profit rose slightly less than expected due to erratic power supplies but says the demand outlook is positive as it prepares to bring new capacity on-stream in the next quarter. Net profit rose by 0.4 per cent to TZS50.61bn in 2011. “Higher imports of clinker and frequent breakdown of machinery resulting from erratic power supply,” company chairman Jean-Marc Junon said in a statement on Thursday. Aside from these challenges, the compa...

Tanzania Portland Cement output hit by power crisis

17 February 2012, Published under Cement News

Tanzania Portland Cement Company (TPCC) said production rose by just three per cent last year instead of the forecasted eight per cent due to a power crisis. TPCC managing director, Pascal Lesoinne, during a meeting with Dr Cyril Chami, Minister for Industry and Trade, hailed the short term measure of installing emergency power generators but called for long term strategies to ensure stabile production, All Africa News reported.  He challenged the power tariff increase saying it would not...

Increased power tariffs result in cement price hikes, Tanzania

07 February 2012, Published under Cement News

A recent rise in power tariffs by over 40 per cent has resulted in the price of Tanzanian building materials starting to also increase. A spot survey by local newspaper, ‘Daily News’ on Tursday showed that the price of Twiga cement sold by Tanzania Portland Cement Company (TPCC) has risen to between TZS14,500 and TZS15,500 per 50kg bag, depending on the location. This follows the company’s decision to increase prices to wholesalers last Monday, the paper reported. Agents now say the pr...

Tanzanian cement discussions

31 January 2012, Published under Cement News

Tanzanian cement producers have been urged to review their profit margins to make cement more affordable and thus increase per capita consumption, according to local press reports. The address was made by Industry and Trade Ministry permanent secretary (PS), Joyce Mapunjo, at an event organised by Tanzania Portland Cement, The Guardian reports. Ms Mapunjo said Tanzania’s cement demand is lower than neighbouring countries and that low purchasing power is another concern, resulting in low p...