Tanga Cement reduces losses in 2018

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Tanzania: Tanga Cement says it expects to reduce its losses by around 50% in 2018. It said that the local cement market improved notably in 2018 and that the cement producer improved its trading results and profitability, according to the Daily News newspaper. In 2017 the company reported a loss of US$11.5m due to local competition.

Last modified on 20 March 2019

URL: https://globalcement.com/news/item/8953-tanga-cement-reduces-losses-in-2018

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