Cement News tagged under: Tanzania
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... |
Athi River pretax profit rises, Kenya28 March 2012, Published under Cement NewsKenya-based firm, Athi River Mining, posted a 23 per cent rise in 2011 pretax profit to KES1.36bn (US$16.4m), the company said while net profit came in at KES1150m. Turnover rose 37 per cent to KES8.2bn while cement sales increased 72 per cent helped by the commissioning of new capacities which came on-stream in late 2010. EBITDA rose 31 per cent from KES1.6bn in 2010 to KES2.2bn last year but operating margins were down two per cent in 2011 mainly due to the “rapid increases in cost of... |
TPCC profit constrained by power issues, Tanzania23 March 2012, Published under Cement NewsTanzania 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: calls for uniform prices nationwide08 March 2012, Published under Cement NewsTanzanian cement producers are being urged to open their own depots in remote areas to bring down retail prices. Dr Cyril Chami, Minister for Industry, Trade and Marketing, said the time had come to ensure cement prices are uniform across the country. "Although the manufacturing firms incur transport costs in shipping the product to the market, they dispose it at retail prices that are not affordable to the ordinary people," said Dr Chami. He said producers should establish their own depo... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |
Tanzania Portland Cement output hit by power crisis17 February 2012, Published under Cement NewsTanzania 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, Tanzania07 February 2012, Published under Cement NewsA 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 discussions31 January 2012, Published under Cement NewsTanzanian 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... |