Cement News tagged under: Tanzania
Twiga Cement commissions rehabilitated cement mill18 November 2021, Published under Cement NewsAs part of the strategic development plan at Twiga Cement factory (HeidelbergCement group) has rehabilitated the cement Mill No 2 (CM2) at the plant. The project represents an investment if US$3.2m and it was officially inaugurated on 16 November 2021 by the Prime Minister of Tanzania, H E Kassim Majaliwa. The new cement mill plus additional investments of 2021 have increased Twiga Cement’s production capacity by 0.25Mta. |
HeidelbergCement agrees to 68% stake in Tanga Cement27 October 2021, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement. The step aims to strengthen its local business and create significant synergies with its existing assets in Tanzania, says the company in a statement. Through its subsidiary Tanzania Portland Cement, the largest cement-producing company in the country, HeidelbergCement already has a good market position in Dar es Salaam in eastern Tanzania. As part of this transactio... |
Tanga Cement sees net loss widen in 1H2107 October 2021, Published under Cement NewsTanzania’s Tanga Cement saw its net loss widen to TZS7.8bn (US$3.38m) in the first half of 2021, compared with a TZS5.2bn loss in the year-ago period. Around TZS2.6bn has been attributed to a major breakdown in clinker production units that saw costs of production surge, according to The Citizen. Board Chairman, Lawrence Masha, noted that due to the breakdown it had to purchase 117,259t of clinker to ensure sufficient cement production. The increase in the cost of sales took its toll o... |
Dangote Cement considers Mtwara expansion09 July 2021, Published under Cement NewsDangote Cement is reportedly considering an expansion of its Mtwara plant in Tanzania, as the domestic cement market expands. "We have come a long way and right now we are doing one production line and as volume increases and the market develops, the expansion of the existing plant may take place. This is because we have been well received in the market," said Abdullahi Baba, general manager of Dangote Cement Tanzania. The plant currently has 3Mta of cement capacity, which has already inc... |
The pull towards Tanzania11 May 2021, Published under Cement NewsDespite a slight contraction in 2020, Tanzania’s cement consumption is estimated to remain stable or increase going forward owing to promising market fundamentals. However, overcapacity remains an issue and producers are having to become innovative to retain market share and margins. A major new addition is also waiting in the wings. By Lisa Kimathi, Standard Investment Bank, Kenya. Infrastructure development is one of the driving forces for the realisation of Tanzania’s Vision 2025 ... |
Twiga Cement to expand production capacity19 April 2021, Published under Cement NewsTanzania Portland Cement (Twiga Cement) has announced its intention to invest US$15m in an expansion and rehabilitation programme in 2021, according to the Tanzania Daily News. For the past 10 years, the factory has been producing 1.2Mta of cement, but it has currently increased capacity to about 2Mta. "Twiga Cement is doing well and we are happy for that, they have also thanked the government for better business environment despite the fact that there are small policy challenges which... |
Twiga Cement saw profits rise 25% in 202016 April 2021, Published under Cement NewsTanzania Portland Cement (Twiga Cement) saw its pretax profit rise 25 per cent YoY to TZS107.42bn (US$46.3m) in 2020, against TZS85.87bn in the previous year. The company’s turnover and sales volumes also increased 13 and six per cent, respectively, during the year. "The operating performance of the plant and availability of the machinery was good, ensuring clinker production reached record levels," said Hakan Gurdal, chairman. Mr Gurdal said the future looks bright as cement demand in T... |
Tanga Cement's Board Chairman forecasts strong infrastructure demand in 202101 December 2020, Published under Cement NewsTanga Cement PLC's Board Chairman, Lawrence Masha, gave an upbeat outlook on the company's prospects because of the government’s heavy infrastructure projects and investments. At the shareholders' annual general meeting Mr Masha said: "The group remains optimistic of the positive impact of infrastructure development plans under the government’s development version 2025 programme and expect the projects to continue gaining momentum in 2020." Despite the company’s net loss of TZS1... |
Tanzania cement plants inspected for hoarded cement26 November 2020, Published under Cement NewsTanzanian Prime Minister Kassim Majaliwa on Saturday ordered all regional commissioners to inspect all cement factories in the country and prosecute owners found hoarding the commodity. He said the inspection should also involve cement sales agents and retailers of the commodity across the country. A statement by the Prime Minister's Office in the country's legislative capital Dodoma said he made the order in a video conference with the regional commissioners. Speaking shortly af... |
Tanzania reports cement shortage19 November 2020, Published under Cement NewsTanzania’s Ministry of Trade and Industry has attributed the country’s recent high cement prices on non-production by four cement manufacturers in the country that had gone into maintenance. A 50kg bag of cement usually retails for TZS15,000 (US$6), but according to the National Bureau of Statistics data for October, the price had risen by 30 per cent to TZS22,000 in parts of the country. The plant maintenance programmes have affected supply, which dropped to 150,000t for October, comp... |