Cement News tagged under: Tanzania

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Tanzania: Tanga Cement suffers profit decline

12 April 2016, Published under Cement News

Tanga 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 deal

24 March 2016, Published under Cement News

Tanga 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 usage

08 March 2016, Published under Cement News

Tanga 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 Cement

28 October 2015, Published under Cement News

Dangote 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, Tanzania

14 October 2015, Published under Cement News

Mbeya 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 plant

13 October 2015, Published under Cement News

Dangote 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 Tancoal

09 October 2015, Published under Cement News

Dangote 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.

Dangote Tanzanian plant set for October commissioning

29 September 2015, Published under Cement News

Dangote Cement is set to commission its new 3Mta cement plant located in Mtwara District of Tanzania on 10 October 2015. The company will also hold the groundbreaking ceremony for 25ha of jetty land at Mgao village in Mtwara District in the country the same day, according to AllAfrica News. The commissioning of the new cement plant, which is part of the company's Africa expansion strategy, will be the fourth in the series after Ethiopia, Zambia and Cameroun. Cement plants due for commissio...

Tanzania: Tanga six-months hit by devaluation of shilling

17 September 2015, Published under Cement News

Tanga Cement Company has registered a net loss of TZS6.94bn- for the six months to June 2015, compared to a profit of TZS8.60bn in the corresponding period of year. Management partly attributed the decline to the devaluation of the Tanzanian shilling during most of the period. "The devaluation of the shilling resulted in a TZS7.9bn/- unrealised foreign exchange loss...The devaluation made the loan more expensive than when it was incurred," said Lawrence Masha, chairman of the company's Bo...

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 ...