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News Tanga Cement US$165m upgrade announced as 2011 profit drops

Tanga Cement US$165m upgrade announced as 2011 profit drops

Written by Global Cement staff 21 May 2012
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Tanzania: Tanga Cement, Tanzania's second-largest cement maker, has reported that its full-year profit in 2011 fell by 31% to US$13.8m due to higher production costs. Its revenue rose by 8% to US$101m in the same period. However, Tanga Cement has also announced plans to invest US$165m into a plant upgrade in order to boost output and exports. FLSmidth has confirmed that it is currently in negotiation to supply the upgrade.

Tanga Cement, which trades as Simba Cement, said it planned to increase exports to member states of the East African Community (EAC) trade bloc, and would build a second kiln, to be commissioned in the first quarter of 2015. Once completed, the second kiln will increase the company's clinker production capacity by 0.6Mt/yr, more than doubling the current capacity. The new kiln will increase the production capacity of clinker from 0.5Mt/yr to 0.6Mt/yr. Simba Cement increased its cement production capacity in 2010 from 0.75Mt/yr to 1.2Mt/yr after commissioning a second cement mill.

Last modified on 23 May 2012
Published in Global Cement News
Tagged under
  • Results
  • FLSmidth
  • Upgrade
  • Tanzania
  • Tanga
  • Simba
  • GCW50

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