Cement News tagged under: Tanzania
Tanzania: Tanga Cement seeks to cut costs as profits fall17 May 2016, Published under Cement NewsTanga Cement has said that it will concentrate on cutting costs in an effort to counteract falling revenues, the Citizen reports. The company, whose profit fell to TZS8.24bn (US$3.8m) in 2015, held its annual general meeting this week. Speaking at the event, Board Chairman, Lau Masha, said: "Improving operational efficiency and containing production costs continues to be a major focus for the company... we have spent a lot of money in the last few years so as to ultimately reduce costs an... |
Tanzania: Tanga Cement Co looks to cut costs with rail deal19 April 2016, Published under Cement NewsThe Tanga Cement Company has signed a deal with Tanzania Railway Ltd to transport 35,000t of cement a month to Mwanza and Kigoma. The deal would see the state rail company ship 15,000t to Mwanza on Lake Victoria and 20,000t to Kigoma on Lake Tanganyika. Both destinations are remote from cement producing regions and as a consequence currently pay high prices for cement. Tanzania’s Citizen newspaper reports that cement prices in the two cities are between US$7.76 and US$8.76 per bag. Thi... |
TPCC profits rise, dividend announced18 April 2016, Published under Cement NewsTanzania 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... |
Tanzania: Tanga Cement suffers profit decline12 April 2016, Published under Cement NewsTanga Cement Co Ltd's 2015 profit fell to TZS8.24bn (US$3.774m) compared to TZS28.40bn (US$13m) in 2014, according to the national paper the Daily News. The audited financial results state that the group experienced a decline in sales revenue of 9.9 per cent to TZS209.11bn compared to TZS232.10bn in the preceding year. The fall was mainly attributed to the increased competition from new entrants to the market which put downward pressure on sales prices and volumes. In addition, at the ... |
Tanzania: Tanga Cement seal rail distribution deal24 March 2016, Published under Cement NewsTanga Cement Plc and Tanzania Railways Ltd (TRL) signed a Memorandum of Understanding (MoU) yesterday to secure cement delivery by rail to Tanga customers in Kigoma and Mwanza regions of Tanzania. The contract will see TRL transport more than 35,000tpm of cement along its lines, which is equivalent to one third of Tanga Cement’s monthly production, according The Citizen paper. On the day of the first train delivery Mr Reinhardt Swart, managing director of Tanga Cement, said the agreemen... |
Tanzania: Tanga in talks for increased rail usage08 March 2016, Published under Cement NewsTanga Cement Co Ltd (TCCL) is finalising discussions with the government of Tanzania to use the Tanga-Moshi railway to Arusha for transportation of its products, according to Prof Makame Mbarawa, Minister for Works, Transport and Communication. TCCL has pledged to use the railway line to transport 35,000tpm. The move is intended to minimise damage to the country’s road network. Masanja Kadogosa, deputy director general at Tanzania Railway Ltd, reported that in 2014-15 TCCL dispatched 44,00... |
Dangote Cement28 October 2015, Published under Cement NewsDangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, while profit before tax expanded by 8.4 per cent to NGN166.9bn, up from NGN154bn in 9M14. Earlier this month Dangote Industries announced plans to build 18 new cement plants across Africa and Asia. According to the company, the move hopes to transform Africa into an export continent rather than depending on imports... |
Mbeya Cement launches new product, Tanzania14 October 2015, Published under Cement NewsMbeya Cement, part of the LafargeHolcim group, has introduced higher-strength cement named Tembo Supaset 42.5 cement. Catherine Langreney, CEO of Lafarge Tanzania, said the product specifically addresses the needs for block making, concrete mix, mega structures and high visibility infrastructure projects--bridges, roads and stadiums. "This brand is the result of careful [almost one year] research and development by our cement technical experts, Ms Langreney said yesterday during the launch... |
Dangote commissions 3Mta Tanzanian plant13 October 2015, Published under Cement NewsDangote Cement has commissioned its 3Mta Mtwara cement plant in Tanzania and held a groundbreaking ceremony for a 26ha jetty, as the Nigerian cement major continues its expansion drive in Africa and beyond. The new plant is expected to reduce imports into Tanzania as well as bring down prices in the country. The company aims to Tanzania's main consumption centres as well as neighbouring markets. Dangote Cement previously noted that although located near the coast, the plant will be able to ... |
Tanzania: Dangote Cement awards 150,000t coal contract to Tancoal09 October 2015, Published under Cement NewsDangote Cement in Tanzania awarded Tancoal Energy Ltd, part of Australia’s Intra Energy Corp Ltd, the contract for more than 150,000t of coal, which will be supplied over the course of next year. The AUD9.3m order represents about half of Dangote Cement Tanzania’s coal requirement and will enable Tancoal to increase mine output by 35 per cent. |