Lafarge to commission new plant

Listed cement maker, Lafarge Zimbabwe will soon commission a new vertical roller mill plant at its Manresa complex as it seeks to double its output, CEO Godfrey Ndugwa has said.The launch of the verti...

By Staff reporter | Published: 02 June 2022


Lafarge to double capacity after launching US$25m expansion project

Lafarge has budgeted US$25 million for its expansion project which will double capacity by year-end 2022.  The expansion plan kicked off this morning at a ground-breaking ceremony for a Dry Morta...

By Staff reporter | Published: 11 March 2020


Lafarge Zimbabwe defies economic challenges

ZIMBABWE Stock Exchange listed cement producer, Lafarge Zimbabwe Limited, swung to profitability in the six months to June this year against a loss in the prior comparative period thanks to good volum...

By Staff reporter | Published: 05 October 2019


Lafarge Zimbabwe acquires US$30 million loan

LAFARGE Cement Zimbabwe has obtained a long-term US$30 million facility to enable settlement of outstanding obligations.In its audited results for the year ended December 31 2018, the cement manufactu...

By Staff reporter | Published: 03 May 2019


Lafarge emerges from loss position to post US$1,3m profit

Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...

By Staff reporter | Published: 03 May 2019


Rising cement demand positive for Zimbabwe's economy, says Lafarge

LAFARGE Cement Zimbabwe says the recent spike in demand for cement, which resulted in a supply backlog on the market, is a positive signal of economic growth. In a statement, the firm allayed public f...

By Staff reporter | Published: 12 September 2018


Lafarge banks on affordable housing

LAFARGE Cement Zimbabwe is prospecting for affordable housing projects in and around Harare after it delivered 85 housing units in the capital.The company's communications manager, Tsungie Manyeza tol...

By Staff reporter | Published: 09 May 2018


Lafarge Zimbabwe seeks strategic partner

Zimbabwe Stock Exchange listed entity Lafarge Cement is looking for a strategic business partner for its special products segment where it seeks to grow existing brands as well as introduce new produc...

By Staff reporter | Published: 06 April 2018


Sales decline contributes to Lafarge loss

LAFARGE Cement Zimbabwe Limited posted a loss of $609 589 for the year ended December 31, 2017, on the back of an increase of costs and expenses.In a statement accompanying the financial results relea...

By Staff reporter | Published: 04 April 2018


Lafarge Holcim Cement in lime mining wrangle

The High Court has granted an interdict against Lafarge Holcim Cement Zimbabwe barring the company from mining lime on a piece of land in-PFura Rural District in Mashonaland Central. This follows an a...

By Staff reporter | Published: 16 March 2018


Lafarge to expand lime mining operations

Listed cement producer Lafarge Zimbabwe is looking to expand its operations as it is set to commence exploration drilling for lime within the next two months. It already has two mining operations wher...

By Staff reporter | Published: 14 February 2018


'Sale of Lafarge Africa's SA unit may be on cards'

Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically shore up and stabilise its Nigerian business, experts have said, si...

By Staff reporter | Published: 08 January 2018


Lafarge still interested in PPC stake

LafargeHolcim says talks to acquire a stake in cement maker PPC are still ongoing after announcing interest in the cement company in October.In October, PPC Limited received an expression of interest ...

By Staff reporter | Published: 03 December 2017


Lafarge banks on highway upgrade

LAFARGE Cement Zimbabwe, a member of the Swiss-headquartered LafargeHolcim, last week reported declines in volumes and turnover for the half year ended June 30, 2017 but hopes major public infrastruct...

By Staff reporter | Published: 05 October 2017


Lafarge debt balloons to $4,8m

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 battle...

By Staff reporter | Published: 07 June 2015


Lafarge to invest $250m in new plant

Lafarge Cement says it may invest up to $250 million towards setting up a new cement manufacturing plant. However, for now, the company is still looking for feasible limestone deposits.Chief executive...

By Tinashe Makichi | Published: 17 June 2014


Lafarge records volume decline

Lafarge's volumes for the first four months of the year went down about 13% compared with the same period last year although 2% higher than the last quarter of 2013, MD Amal Tantawi told the AGM today...

By zfn | Published: 06 June 2014


Lafarge to ramp-up production

Production at listed cement manufacturer, Lafarge Cement Zimbabwe is expected to increase to 500 000 tonnes per annum once current plant upgrade is complete, an official has said.Lafarge is currently ...

By Business Reporter | Published: 04 June 2014


Lafarge appoints new CEO

French cement maker Lafarge has appointed Amal Tantawi as new chief executive of its Zimbabwean unit.She succeeds Jonathan Shoniwa who was elevated to executive chairman late last year, following Much...

By Business Live | Published: 14 May 2014


Lafarge projects 10% increase in revenue

Lafarge's full year revenue is expected to improve by 10% compared to 2013 and $7 million will be spent on capital expenditure during the year to improve plant efficiencies, finance director  Far...

By Staff reporter | Published: 06 March 2014


Lafarge Cement in bid to increase volumes

Listed cement manufacturer, Lafarge Cement is looking at investing $20 million towards the rehabilitation of its cement manufacturing plant in order to boost its volumes.The cement manufacturing compa...

By Staff reporter | Published: 27 February 2014


Shoniwa takes over from Masunda at Lafarge

Lafarge Cement Zimbabwe last week announced that Johnathan Shoniwa, currently the managing director, will take over from Muchadeyi Ashton Masunda at the end of the year.Bulawayo born Masunda, who has ...

By Staff reporter | Published: 02 December 2013


Management changes loom at Lafarge

MANAGEMENT changes are looming at cement producer Lafarge amid revelations incumbent managing director Mr Johnathan Shoniwa will be moved to chair the group with an unnamed appointee from Egypt replac...

By Staff reporter | Published: 29 November 2013


Lafarge branches into other businesses

Cement producer Lafarge Cement has started new business initiatives to complement the decline in cement demand on the local market, a company official said.Speaking on the sidelines of the official co...

By Staff reporter | Published: 20 November 2013


Lafarge revenue declines 6.3%

Lafarge cement demand for the first 7 months of 2013 was constrained by limited construction activity, MD Jonathan Shoniwa said yesterday.Construction projects have not taken off as anticipated; cons...

By Staff reporter | Published: 29 August 2013

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