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News LafargeHolcim lends US$30m to subsidiary in Zimbabwe

LafargeHolcim lends US$30m to subsidiary in Zimbabwe

Written by Global Cement staff 07 May 2019
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Zimbabwe: Switzerland’s LafargeHolcim has lent US$30m in the form of a long-term loan to Lafarge Zimbabwe. The company has taken out a short-term loan of US$4.4m from a local bank, according to the Zimbabwe Independent newspaper. In its financial results for the 2018 the cement producer reported that its revenue grew by 24% year-on-year to US$72m in 2018 and that its profit before tax grew strongly to US$4.4m.

Last modified on 08 May 2019
Published in Global Cement News
Tagged under
  • Zimbabwe
  • Lafarge Zimbabwe
  • Results
  • Loan
  • LafargeHolcim
  • GCW403
Flender

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