Cement News tagged under: Tanzania
Tanga Cement set to begin new line construction, Tanzania20 September 2012, Published under Cement NewsTanga Cement Company Ltd (TCC) is expected to start construction of the second kiln in the third quarter of this year. The second kiln will enable the cement factory to produce enough clinker to supply all of its own requirements and dispense with imports, the company said in unaudited results for the six months to 30 June 2012 being released to East African Business Week last week in Dar es Salaam "The East African market is experiencing rapid economic development as a result of infras... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |
Dangote to eliminate Tanzania’s cement shortages22 August 2012, Published under Cement NewsWhen it comes on-stream in 18 months’ time, the new 2Mta Dangote cement plant at Mtwara is expected to reduce the cement deficit in Tanzania. Since 2011, the country’s cement deficit has exceeded 1Mt, according to the Tanzania Investment Centre (TIC). The TIC's acting executive director Raymond Mbilinyi said that in few years the country will no longer experience such deficit due to the establishment of the new cement plant in Mtwara. Mbilinyi said that the investment will also create over... |
Tanzanian production costs seen coming down, competition to increase08 August 2012, Published under Cement NewsCement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector Local Listed Companies” by Tanzanian Securities indicates that due to the expected entry of three new players, prices are also seen declining. "We see an improvement in energy supply, introduction of new sources of energy and stabilisation of energy prices in the country as a special opportunity for cement producers"... |
Athi River Mining pretax profit rises 24%25 July 2012, Published under Cement NewsKenya’s Athi River Mining posted a 24 per cent rise in first-half pretax profit thanks to increased cement sales. The country’s second-largest cement producer, behind Bamburi Cement, said pretax profit for the six months to June rose to KES790.96 (US$9.4m). The company is positive on its second-half outlook due to anticipated cut in interest rates, a stable shilling and good growth in infrastructure demand. It also expects its new 1.5Mta cement plant in Dar es Salaam, Tanzania to bo... |
Tanga Cement price comment, Tanzania29 May 2012, Published under Cement NewsTanga Cement's managing director Erik Westerberg has said that is poor and unreliable rail transport is causing an escalation in cement prices in the country. “We are relying on road transport to move our products which is very costly,” Mr Westerberg told East African Business Week during the cement producers AGM last week. “If we were to use rail transport it would reduce the costs of production thereby reduce the final prices," he said. He added that, if the rail transport was reliab... |
Tanga Cement plans second kiln line, Tanzania21 May 2012, Published under Cement NewsTanga Cement, Tanzania’s second-largest cement producer, said it plans build a second kiln line as it aims to increase exports to member states of the East African Community trade bloc. The new kiln will increase clinker capacity from 500,000tpa to 600,000tpa and is planned to be commissioned in the first quarter of 2015. FLSmidth of Denmark has since confirmed that it is negotiating a contract with Tanga, but stated that: “If and when the contract is finalised and becomes binding, we shall... |
Tanzanian Portland cement sees increased demand09 May 2012, Published under Cement NewsTanzania 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 ... |
Tanga Cement: full-year 2011 down on rising production costs16 April 2012, Published under Cement NewsTanzanian cement producer, Tanga Cement, reported a 32 per cent drop in 2011 net profit due to the depreciation of the local currency, erratic power supply and rising costs of imported clinker. The company, part of South Africa’s AfriSam group, said net profit fell to TZS21.93bn (US$13.9m) last year from TZS32.2bn the year before despite positioning itself well to meet rising cement demand, according to reports in All Africa News. Tanga Cement acting chairman, Prof. Samuel Wangwe, said gr... |
Athi River Mining: East Africa expansion02 April 2012, Published under Cement NewsKenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company is now nearing completion of the first of three projects in the Tanzanian market and has secured additional funds for expansion as it seeks to harness increasing demand in the promising East Africa region. I n 2011, group turnover rose 37% YoY to KES8.2bn (US$99m) as cement sales increased 72%. This was helped by “t... |