Cement News tagged under: Tanzania

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Tanzania: three companies plan to expand capacity

09 December 2016, Published under Cement News

With the implementation of several multi-billion dollar infrastructure projects, cement demand looks to soar in the coming years. In light of this three companies have instigated large-scale investment in cement production, which could see domestic production capacity double, according to Industry, Trade and Investment Minister, Charles Mwijage. Mr Mwijage declined to identify who the potential investors in new capacity were, only saying that they were each at different stages of implementin...

Tanzania: government supports coal quality complaints

08 December 2016, Published under Cement News

A Tanzanian government-commissioned report has confirmed that the quality of locally-produced coal is questionable. The Commissioner of Minerals tasked an independent committee to establish why major coal users in the country, especially cement manufacturers, prefer imported to local coal. The report follows a government ban on coal imports earlier this year. Minister of Energy and Minerals, Prof Sospeter Muhongo, said recently that the ban would not be lifted because the country produces...

Tanzania: Tanga Cement wins finance award

06 December 2016, Published under Cement News

Tanga Cement Co Ltd (TCCL) has won the award for the best presented financial statement for 2015 from the National Board of Accountants and Auditors (NBAA). The NBAA award seeks to promote integrated reporting through enhanced accountability, transparency and integrity in compliance with appropriate financial reporting framework. The awards are presented annually by the board to various public and private institutions and companies which have consistently maintained the required financia...

Tanzania: rising costs bring Dangote plant to a standstill

30 November 2016, Published under Cement News

Production at Dangote’s Mtwara plant in Tanzania was brought to a halt last week as the company has found itself embroiled in a political battle over the payment of incentives by the Tanzanian government, the Citizen newspaper reports. The 3Mta plant was commissioned in October 2015 and Dangote has claimed to have made ‘strong market share gains’ according to its trading update for the first nine months of 2016. However, in the same release, the company admitted that a reliance on diesel ...

Tanzania: Lake Cement plans new plant in Bagamoyo

29 November 2016, Published under Cement News

Lake Cement Ltd announced it will invest US$150m in a new cement plant in Bagamoyo, Pwani Region, Tanzania, with a production capacity of 1.4Mta. Construction is due to commence mid-2017, with completion expected to take approximately two years. The plant will use limestone sourced from the project area. Lake Cement also operates a 1Mta plant in Kimbiji, Kigamboni District. The Kimbiji plant’s product is sold countrywide, as well as exported to Rwanda, Burundi and the Democratic Republic ...

Tanzania: Tanga Cement launches new all-purpose cement

21 September 2016, Published under Cement News

Tanga Cement Plc (AfriSam Group) has set its eyes on capturing more of the residential and infrastructure construction market in Tanzania. Its new Mkombozi all-purpose 32.5N cement was launched in Dar es Salaam yesterday, reports the Citizen. "This is all-purpose cement meant for various construction activities," said Leslie Massawe, Tanga Cement's sales manager. "It is a step by the company to approach Tanzanians with an innovative product of high quality and affordable to the people."...

Dangote exports Ethiopian cement to Kenya

31 August 2016, Published under Cement News

Kenya's cement market is now being supplied with cement from a new source as Dangote has started exports from its 2.5Mta Ethiopian plant to the east African country. Industry sources said the majority of the exports are destined for road construction projects in the north of Kenya. The step is expected to drive down prices in a market that has seen virtually no price changes in the past decade. Dangote said that the cement exported to Kenya is priced at around KES7400 (US$74)/t or up ...

Tanzania: cement producers optimistic for future

25 August 2016, Published under Cement News

In the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local producer Tanga Cement reported a decline in profit for 2015 compared to the previous year as a result of...

Tanzania: Tanga to inaugurate second clinker line

02 August 2016, Published under Cement News

Tanga Cement plans to commission its second clinker line this month, more than doubling output to 1.25Mta. The Minister for Industry, Trade and Investment, Charles Mwijage, expects to inaugurate Tanga’s project on 16 August. The company, which trades as Simba Cement, invested US$152m into the expansion. The new clinker line will have a capacity of 775,000tpa, which added to the existing 500,00tpa capacity will create an overall clinker capacity of 1.25Mta.

Dangote reports 60% rise in sales in 1H16

29 July 2016, Published under Cement News

Dangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower selling prices, higher fuel costs and the impact of Pan-African plants in ramp-up phase saw its EBITDA down 10.2 per cent to NGN132.5bn. The EBITDA margin reached 45.4 per cent. Net debt stood at NGN293.3bn, giving a net gearing of 43.1 per cent. In terms of group cement volumes, Dangote sold 59.5 per cent more cement YoY...