Articles tagged 'lafarge'

Lafarge unveils houses for employees 24 October 2016 HARARE - One of Zimbabwe's leading cement companies, Lafarge, last week unveiled 85 houses it  build for its employees who do not have decent accommodation under a $1,8 million scheme. Lafarge chief executive Amal Tantawi (pictured) said the housing scheme at Adelaide Park in Harare was aimed ...
Lafarge records $2m loss 22 April 2016 HARARE - Lafarge Cement Zimbabwe (Lafarge) said it would focus on improving profitability this year, after a charge related to weakening demand pushed the building-materials group to a $2 million loss for the year to December 2015. The group's acting chairman Muchadeyi Masunda yesterday attrib...
Triangle's bubble burst 26 April 2015 HARARE - Triangle coach Kelvin Kaindu slammed the state of the Lafarge Stadium turf as his side succumbed to their first defeat of the season at the hands of Castle Lager Premiership novices Flame Lilly. Moses Demera's 47th minute goal was all Flame Lilly needed to register their first win of ...
Lafarge debt balloons to $4,8m 13 March 2015 HARARE - Lafarge Cement Zimbabwe Limited (Lafarge)'s short-term borrowings ballooned by 380 percent to $4,8 million in the year to December 2014 from $1 million in prior comparable period as the company battled to meet working capital requirements. As a result, the listed cement manufacturer i...
Lafarge hopes new product boosts revenue by 10pc 5 June 2014 HARARE - Lafarge Cement Zimbabwe (Lafarge) says it expects its new composite cement product, SupaSet Portland, to increase total revenue by 10 percent. The Zimbabwe Stock Exchange-listed cement maker recorded a $67,6 million revenue in the year to December 2013, down 3,3 percent from prior yea...
Lafarge misses revenue target 9 March 2014 HARARE - Lafarge Cement Zimbabwe (Lafarge) missed its $90 million revenue target by 24,8 percent to record $67,6 million in the year to December 2013 due to reduced local and export sales volumes. The realised revenue was 3,3 percent down from prior year’s $69,9 million. Cement demand has g...
Lafarge shifts focus to paint 21 November 2013 HARARE - Lafarge's Zimbabwe unit says it is shifting focus to products such as paint and aggregates to drive revenue as cement demand has softened. This comes as the prevailing liquidity crisis in the country has dampened construction activity with subsequent impact on cement sales. “We are...
Depressed construction sector hits Lafarge's Zim volumes 2 September 2013 HARARE - Lafarge Cement Zimbabwe Limited (Lafarge) says its domestic cement volumes tumbled eight percent to 160 kilo tonnes in the half year to June 2013 due to the depressed construction activity. This comes as building materials manufacturers, which traditionally thrive when the country is ...
Lafarge to ramp up production 11 June 2013 HARARE - Lafarge Cement Zimbabwe (Lafarge) says it plans to double output to one million tonnes per year within the next decade. The cement maker currently has an installed capacity of 450 000 tonnes per annum. At some point we will have a brand new plant in place. Today in our industry we are on...
Lafarge revenue up 41pc 15 March 2013 HARARE - Listed Lafarge Cement Zimbabwe (Lafarge) s revenue surged 41 percent to $69,9 million in the year ended December 2012, buoyed by firmer domestic sales. The group s local cement sales increased by 48 percent during the period under review. Since adoption of a multi-currency system dominat...
Lafarge spends $400 000 on CSR 4 December 2012 HARARE - Cement producer Lafarge Zimbabwe says it spent $400 000 this year on corporate social responsibility programmes as part of its strategy to empower communities. We are likely to increase the amount next year because we believe in empowering the communities. As the company grows, we also l...
Lafarge eyes $4,5m expansion 31 August 2012 HARARE - Lafarge Cement Zimbabwe says it plans to invest an additional $4,5 million in plant expansion by year-end in order to double its production capacity to one million tonnes. So far we have invested $1,6 million in expansion and we will be putting in another $4,5 million by year end, said m...