Cement News tagged under: Zimbabwe

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Lack of foreign currency affects Zimbabwe's plants

03 September 2018, Published under Cement News

Zimbabwe's foreign currency shortage is impacting on the operational efficiency of its cement plants. While Sino-Zimbabwe Cement Co is able to source 85 per cent of its raw material needs from local sources, the remaining materials are imported, requiring foreign currency. In addition, the company needs to buy spare parts from Europe and core services such as the paper bags for packaging cement from Tanzania and Zambia.  Wang Yong, Sino-Zimbabwe's managing director, said the company wa...

Zimbabwe reportedly faces cement shortage

03 September 2018, Published under Cement News

Zimbabwe has been hit by a cement shortage with PPC and Lafarge out of stock in most retail outlets and warehouses across the country, according to a report by The Herald. As a result, prices have been noted to increase. However, Sino-Zimbabwe Cement Co has stated that its products are on the market and readily available. "I am not aware that there is shortage of cement in the country," sales and marketing manager, Ibiam Sengwe. "As a company, our distributors are well stocked. If there ...

Sino-Zimbabwe Cement receives ISO certififcation

24 August 2018, Published under Cement News

Sino-Zimbabwe Cement Company (SZCC) has been certified by the International Organisation for Standardisation (ISO). The majority of the company's cement products are consumed in Zimbabwe with a small amount of exports. The ISO certification will make it easier for the producer to market its products internationally. Mr Wang Yong, SZCC managing director said: "We applied for ISO approval and we were successful because a few weeks ago we received an approval. This is after we continually prod...

Sino-Zimbabwe Cement announces plan to build homes

15 June 2018, Published under Cement News

Sino-Zimbabwe Cement Co (SZCC) plans to construct 300 houses at its Indiva Farm facility, Gweru, Zimbabwe. The company stated that the housing project will depend on the completion of a brick and tile plant which is also being constructed near the plant, according to Nehanda Radio. "We want to construct staff houses for our employees but our focus is to ensure that we cut costs by taking advantage of the products we produce at the company. For instance, we want to ensure that we complete th...

Sino-Zimbabwe awaits public infrastructure project pick-up

10 May 2018, Published under Cement News

Sino-Zimbabwe Cement Co (SZCC) is hanging hopes on development deals between Zimbabwe and China to improve its turnover. The joint venture between China and Zimbabwe's government has had to battle declining sales and a slowdown in the construction industry. SZCC's managing director, Yong Wang, said: "The company is operating between 50-70 per cent capacity utilisation," which was likely to increase if government projects take off. "The market environment is very tough this year, which ...

Dangote lured by coal reserves in Zimbabwe

11 April 2018, Published under Cement News

Nigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News. An advance team of geologists have been sent to Zimbabwe for 10 days to locate and survey potential coal deposits. The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Winston Chitando. Dangote is importing coal from Zimbabwe for its cement industry needs. Dangote Industries local representative, Josie Mahach...

PPC Zimbabwe to resume exports

19 March 2018, Published under Cement News

PPC Zimbabwe says it will leverage on an enhanced export incentive which the cement producer has been granted by the Reserve Bank of Zimbabwe (RBZ) to break even and resume exports despite high production costs, according to The Zimbabwe Independent. The central bank has approved the company’s application for an export incentive above the usual five per cent. PPC Managing Director Kelibone Masiyane said that the company’s export levels have dropped from 0.1Mta in 2014-15 to zero as cu...

PPC

22 February 2018, Published under Cement News

PPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITDA also tracked ahead YoY. A lack of large infrastructure projects continues to hamper cement volume growth in South Africa, according to the company, which estimates that overall cement demand in the country fell by 3-4 per cent in 2017. PPC saw its volumes in South Africa decline by 1-2 per cent YoY, which is an i...

PPC Zimbabwe to keep Colleen Bawn plant open

15 February 2018, Published under Cement News

Pretoria Portland Cement (PPC), has cancelled plans to shut down its Colleen Bawn cement plant in Gwanda, Zimbabwe, following talks with the government. Late last year PPC Zimbabwe had suggested the possibility of closing the factory in Matabeleland, citing pressure from cheap imported clinker, smuggling of cement products and high local manufacturing costs. "We have continued to engage the Zimbabwean Government. PPC Zimbabwe appreciates the support we have so far received, as expressed...

PPC Zimbabwe reports loss of export competitiveness

09 February 2018, Published under Cement News

PPC Zimbabwe says the loss of export competitiveness is adversely affecting its operations and remains a risk to sustainable growth, reports the Chronicle. The fall in exports has been attributed to high production costs and cash shortages in the country. To counter the issue, the company has appealed to the Zimbabwe government to increase export incentives and protect firms against losses incurred when exporting to regional markets. “The cash shortage has adversely affected the compa...