Cement News tagged under: Tanzania
Tanga Cement annual sales reach record high, Tanzania11 April 2013, Published under Cement NewsTanga Cement said its cement sales last year crossed the 1Mt mark – the highest in the Tanzanian cement producer’s history. Sales at the company, which produces the Simba Cement brand, rose by 21 per cent to TZS257.92bn (US$158.8m) thanks to increased exports which rose by 55 per cent YoY. Pretax profit rose to TZS55.93bn from TZS37.08bn an net profit increased by 52 per cent YoY. Commenting on the performance, acting chairman Professor Samuel Wangwe said: "The sales volume increase ma... |
ARM Cement boosted by higher sales21 March 2013, Published under Cement NewsARM Cement, Kenya's second-largest producer, has reported an eight per cent advance in 2012 net profit and says it expects improved profitability on the back of new capacity. Formerly known as Athi River Mining, the company said in a statement that net income advanced to KES1.25bn (US$14.6m) in the first 12 months of December. Cement sales rose 64 per cent after its market share increased in Kenya, Rwanda and Tanzania. That helped turnover increase by 39 per cent to KES11.4bn. For the f... |
TPCC reports 22% rise in net profit, Tanzania18 March 2013, Published under Cement NewsTanzania 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 ... |
HeidelbergCement expands cement capacity in Tanzania27 February 2013, Published under Cement NewsIn Tanzania, HeidelbergCement is constructing a new mill with a cement capacity of 0.7Mta at its Wazo Hill plant, some 2km northwest of the capital Dar es Salaam. The investment of US$40m also includes the construction of a new clinker and a cement silo as well as the installation of new cement bag packing and dispatch facilities. “The construction of the new cement mill is part of our strategy of expanding our clinker and cement capacities in growth markets. In particular, the countries... |
PPC Zimbabwe to build new cement plant27 February 2013, Published under Cement NewsA new US$200m cement plant is to be built by Portland Holdings Ltd (PHL), the Zimbabwe subsidiary of South Africa's PPC, to service the Harare and central Mozambique markets. The new plant will have a cement capacity of about 1Mta and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete in Mozambique. The plans could significantly boost output and market share for PPC Zimbabwe which currently dominates the domestic market with Lafarge Ce... |
Tanzanian government accepts cement imports27 February 2013, Published under Cement NewsTanzania's government has said that it could not put trade barriers on imported cement as requested by domestic cement companies, because local production is still insufficient. Tanzania's Minister for Industry, Trade and Marketing, Dr Abdallah Kigoda said despite the expected progress from cement industries, the government will still allow cement imports until local producers meet domestic demand. Kigoda admitted that although imported cement is sold at a lower price compared to locall... |
East African Portland Cement eyes expansion26 February 2013, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) is exploring the option of expanding its operations both at home and in neighbouring Tanzania, according to reports by Reuters. “We are now discussing the financing of these projects,” Reuters quoted managing director, Kephar Tande as saying. Cost cutting measures and improved cement sales helped EAPCC post a profit for the first six months of last year. EAPCC made a pretax profit of KES376.27m (US$4.3m) for the six months ended December, co... |
Tanzania: request to protect local cement firms declined07 December 2012, Published under Cement NewsThe 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... |
Dangote Cement could tip the balance to oversupply in East Africa14 November 2012, Published under Cement NewsPlans by Dangote Cement to set up a manufacturing plant in Tanzania have complicated expansion plans for Kenyan firms that have dominated exports of the commodity into the East Africa region in recent years. The planned cement plant, owned by Africa’s richest man Aliko Dangote, is expected to put an additional 1.5Mt of capacity by 2015, which will plug Tanzania’s cement deficit. Dangote’s cement factory in Southern Tanzania will be commissioned within one year of the launch of ARM’s factory... |
Increased sales boost ARM Cement's 9M12 pretax profit, Kenya22 October 2012, Published under Cement NewsKenya’s second largest cement producer ARM Cement (formerly Athi River Mining) said in the first nine months pretax profit rose to KES1.2bn (US$14.1m) from KES296m, driven primarily by higher sales of Rhino Cement. Rhino Cement, which is ARM's flagship operation set up in 1997, launched its Tanzania cement production plant in Dar es Salaam this month. Turnover for the first three quarters of the year jumped 29 per cent to KES7.74bn compared to the same period the previous year. ARM s... |