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News Khayah Cement raises sales in first half of 2023

Khayah Cement raises sales in first half of 2023

Written by Global Cement staff 07 February 2024
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Zimbabwe: Khayah Cement (formerly Lafarge Cement Zimbabwe) more than tripled its sales year-on-year to US$17.4m in the first half of 2023, from US$4.8m in the first half of 2022. During the year, the producer more than doubled its cement volumes, after repairing a collapsed mill roof and commissioning of a new vertical roller mill at its Manresa cement plant. Nonetheless, its loss grew by a factor of six to US$46.2m from US$7.2m.

Khayah Cement began making foreign currency sales, which accounted for 89% of first-half sales, in 2023. The company previously postponed the publication of its results for the half year following delays in finalising external audits.

Published in Global Cement News
Tagged under
  • Zimbabwe
  • Khayah Cement
  • Results
  • GCW645
  • Lafarge Cement Zimbabwe
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