Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Get More Out Of Your Plant With KHD Leadership - KHD
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Video
  • Knowledge Base
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Contact
News Lafarge Cement Zimbabwe conscious of effects of inflation

Lafarge Cement Zimbabwe conscious of effects of inflation

Written by Global Cement staff
28 November 2019
  • Print

Zimbabwe: LafargeHolcim subsidiary Lafarge Cement Zimbabwe has complained of implied year-on-year inflation of 350% in September 2019 having possible knock-on effects on its business. Company secretary Flora Chinhaire blamed a 19% year-on-year drop in domestic consumption on ‘declining demand from homeowners due to escalating mortgage financing costs’ and the effects of foreign currency constraints on payments to suppliers for capital expenditure projects. All Africa has reported that power supply issues and unplanned stoppages caused a 1% decline in productivity at Lafarge Cement Zimbabwe’s 0.5Mt/yr integrated cement plant, where it operates a single wet production line.

The International Monetary Fund (IMF) has forecasted a 5.3% contraction in Zimbabwe’s gross domestic product (GDP) in 2019.

Last modified on 04 December 2019
Published in Global Cement News
Tagged under
  • Zimbabwe
  • LafargeHolcim
  • Lafarge Cement Zimbabwe
  • inflation
  • demand
  • currency
  • Energy
  • Production
  • GDP
  • GCW434

Related items

  • Christian Dedeu appointed as new head of Holcim Argentina
  • Saudi producers sell 24% more cement year-on-year in November 2019
  • Cement industry projects 2019 capacity utilisation at 12.5%
  • Cementos Argos sells 28 US ready-mix concrete plants
  • Coroner rules accidental causes of LafargeHolcim plant death
“Loesche
Hoffmeier Industrieanlagen - 45 years of experience in service
Complete safety solutions for the cement industry - Safety consulting and trainings - Safety components and systems - People and investment protection - Schmersal
Acquisition Cemex China Dangote Cement Egypt Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Nigeria Order Pakistan Philippines Plant Production Results Russia Sales Saudi Arabia UK Upgrade US Vietnam
« December 2019 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          



Global Cement Weekly Sign up
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Video
  • Knowledge Base
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2019 Pro Global Media Ltd. All rights reserved