Cement News tagged under: Zambezi Portland
Zambezi Portland Cement is returned to Ventriglia family25 May 2018, Published under Cement NewsZambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement after the High Court of Zambia awarded full ownership of the company to the Ventriglia family of Italy on Monday. The outcome follows a decade-long court battle between the Ventriglia family and Rajan Mahtani who had claimed that he owned a 58 per cent controlling stake in the business as payment for organising financing for the Ventriglia family years ago, but the Ventriglia family insisted... |
Zambia: solar farm Zambezi Portland Cement27 July 2016, Published under Cement NewsZambezi Portland Cement has plans to establish a 5MW solar farm in Ndola, at a cost of US$7m. The company will be the first in Zambia's Copperbelt Province to produce electricity using solar energy. Operations Director, Daniele Ventriglia, said the company has submitted an Environment Project Plan (EPP) to the Zambian Environmental Management Authority (ZEMA) for consideration. According to Mr Ventriglia, more than 200 local people are expected to be employed through the project one it i... |
Zambezi Portland lowers cement price22 September 2015, Published under Cement NewsCompetition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51. |
Zambia: government backs low-cost cement10 July 2014, Published under Cement NewsA government minister in Zambia has commended the efforts of Zambezi Portland Cement to launch a new lower-cost cement and has asked other domestic cement producers to work on reducing their cement prices. Speaking in Ndola at an international trade fair, Minister of Commerce, Trade and Industry, Bob Sichinga, said cement companies, both existing and those emerging on the market, should consider lowering the price of the product. “It is important that the industry, not only yourselves as Z... |
African Forum checks dynamics of cement prices07 April 2014, Published under Cement NewsZambia has recently recorded intermittent increases in the cost of cement, prompting government to call for additional private investment in the industry. The Competition and Consumer Protection Commission (CCPC) has disclosed that a market study has been carried out under the auspices of the African Competition Forum (ACF) and was simultaneously undertaken by Tanzania and South Africa. CCPC public relations officer, Hanford Chaaba, said that the findings on the study have since been ta... |
Zambia: Zambezi Portland ups cement output13 December 2013, Published under Cement NewsZambezi Portland Cement (ZPC) chief financial officer, Peter Kang’ombe, said that the company had increased production from 36,000tpm to 39,000tpm in the last four months of 2013. Mr Kang’ombe said despite the measure, local market demand for the commodity remained high, forcing the ZPC to reduce cement exports by nearly 10 per cent of the monthly output. Kang'ombe said the Kalumbila Mine project by First Quantum Minerals (FQM) in Solwezi was one of the key projects where most of the cement... |
Antonio Ventriglia fights to win back Zambezi Portland Cement08 November 2013, Published under Cement NewsThe fight for ownership of Zambezi Portland Cement has taken another step as Antonio Ventriglia battles to regain legal ownership of the company. Mr Ventriglia was deported along with his son, Daniela Ventriglia, last autumn and is now alleging the illegal seizure of his company by a competitor be overturned. Lawyers acting on behalf of Antonio Ventriglia have issued a writ of summons and statement of claim to the Attorney General of Zambia demanding that the government recognise the allege... |
Zambezi Portland reduces cement exports20 August 2013, Published under Cement NewsZambezi Portland Cement Limited (ZPC) has reduced its export sales by 50 per cent, effective from 1 August 2013, to cater for the increased demand of the product on the local market. ZPC sales and marketing manager Isaac Ngoma announced in a statement in Ndola yesterday that the company which had been exporting more than 14,000tpm of cement to neighbouring countries, will now reduce exports by half. Mr Ngoma explained that, with unprecedented levels of demand being experienced within th... |
Zimbabwe: Chilanga cement's Managing Director is deported07 December 2012, Published under Cement NewsThe Zambian government has deported the managing director of Lafarge cement barely a week after deporting directors of another cement plant Zambezi Portland. Fola Esan was bundled, denied access to his lawyers and put on next flight out of Zambia on Thursday afternoon. He has not been charged with any specific offence apart from the now famous charge of likely to be a danger to Zambia. But sources have told the Watchdog that Fola has been deported for refusing to give contracts to PF cadre... |
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