CONSTRUCTION & PROPERTY

Lafarge Zimbabwe acquires US$30 million loan

LAFARGE Cement Zimbabwe has obtained a long-term US$30 million facility to enable settlement of outstanding obligations.In its audited results for the year ended December 31 2018, the cement manufactu...

By Staff reporter | Published: 03 May 2019

CONSTRUCTION & PROPERTY

Lafarge emerges from loss position to post US$1,3m profit

Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...

By Staff reporter | Published: 03 May 2019

CONSTRUCTION & PROPERTY

Rising cement demand positive for Zimbabwe's economy, says Lafarge

LAFARGE Cement Zimbabwe says the recent spike in demand for cement, which resulted in a supply backlog on the market, is a positive signal of economic growth. In a statement, the firm allayed public f...

By Staff reporter | Published: 12 September 2018

MINING & RETAIL

Lafarge banks on affordable housing

LAFARGE Cement Zimbabwe is prospecting for affordable housing projects in and around Harare after it delivered 85 housing units in the capital.The company's communications manager, Tsungie Manyeza tol...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

Lafarge Zimbabwe seeks strategic partner

Zimbabwe Stock Exchange listed entity Lafarge Cement is looking for a strategic business partner for its special products segment where it seeks to grow existing brands as well as introduce new produc...

By Staff reporter | Published: 06 April 2018

INDUSTRIALS & ENERGY

Sales decline contributes to Lafarge loss

LAFARGE Cement Zimbabwe Limited posted a loss of $609 589 for the year ended December 31, 2017, on the back of an increase of costs and expenses.In a statement accompanying the financial results relea...

By Staff reporter | Published: 04 April 2018

MINING & RETAIL

Lafarge Holcim Cement in lime mining wrangle

The High Court has granted an interdict against Lafarge Holcim Cement Zimbabwe barring the company from mining lime on a piece of land in-PFura Rural District in Mashonaland Central. This follows an a...

By Staff reporter | Published: 16 March 2018

INDUSTRIALS & ENERGY

Lafarge to expand lime mining operations

Listed cement producer Lafarge Zimbabwe is looking to expand its operations as it is set to commence exploration drilling for lime within the next two months. It already has two mining operations wher...

By Staff reporter | Published: 14 February 2018

INDUSTRIALS & ENERGY

'Sale of Lafarge Africa's SA unit may be on cards'

Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically shore up and stabilise its Nigerian business, experts have said, si...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

Lafarge still interested in PPC stake

LafargeHolcim says talks to acquire a stake in cement maker PPC are still ongoing after announcing interest in the cement company in October.In October, PPC Limited received an expression of interest ...

By Staff reporter | Published: 03 December 2017

CONSTRUCTION & PROPERTY

Lafarge banks on highway upgrade

LAFARGE Cement Zimbabwe, a member of the Swiss-headquartered LafargeHolcim, last week reported declines in volumes and turnover for the half year ended June 30, 2017 but hopes major public infrastruct...

By Staff reporter | Published: 05 October 2017

CONSTRUCTION & PROPERTY

Lafarge debt balloons to $4,8m

Lafarge Cement Zimbabwe Limited (Lafarge)'s short-term borrowings ballooned by 380 percent to $4,8 million in the year to December 2014 from $1 million in prior comparable period as the company battle...

By Staff reporter | Published: 07 June 2015

CONSTRUCTION & PROPERTY

Lafarge to invest $250m in new plant

Lafarge Cement says it may invest up to $250 million towards setting up a new cement manufacturing plant. However, for now, the company is still looking for feasible limestone deposits.Chief executive...

By Tinashe Makichi | Published: 17 June 2014

INDUSTRIALS & ENERGY

Lafarge records volume decline

Lafarge's volumes for the first four months of the year went down about 13% compared with the same period last year although 2% higher than the last quarter of 2013, MD Amal Tantawi told the AGM today...

By zfn | Published: 06 June 2014

INDUSTRIALS & ENERGY

Lafarge to ramp-up production

Production at listed cement manufacturer, Lafarge Cement Zimbabwe is expected to increase to 500 000 tonnes per annum once current plant upgrade is complete, an official has said.Lafarge is currently ...

By Business Reporter | Published: 04 June 2014

INDUSTRIALS & ENERGY

Lafarge appoints new CEO

French cement maker Lafarge has appointed Amal Tantawi as new chief executive of its Zimbabwean unit.She succeeds Jonathan Shoniwa who was elevated to executive chairman late last year, following Much...

By Business Live | Published: 14 May 2014

CONSTRUCTION & PROPERTY

Lafarge projects 10% increase in revenue

Lafarge's full year revenue is expected to improve by 10% compared to 2013 and $7 million will be spent on capital expenditure during the year to improve plant efficiencies, finance director  Far...

By Staff reporter | Published: 06 March 2014

CONSTRUCTION & PROPERTY

Lafarge Cement in bid to increase volumes

Listed cement manufacturer, Lafarge Cement is looking at investing $20 million towards the rehabilitation of its cement manufacturing plant in order to boost its volumes.The cement manufacturing compa...

By Staff reporter | Published: 27 February 2014

INDUSTRIALS & ENERGY

Shoniwa takes over from Masunda at Lafarge

Lafarge Cement Zimbabwe last week announced that Johnathan Shoniwa, currently the managing director, will take over from Muchadeyi Ashton Masunda at the end of the year.Bulawayo born Masunda, who has ...

By Staff reporter | Published: 02 December 2013

CONSTRUCTION & PROPERTY

Management changes loom at Lafarge

MANAGEMENT changes are looming at cement producer Lafarge amid revelations incumbent managing director Mr Johnathan Shoniwa will be moved to chair the group with an unnamed appointee from Egypt replac...

By Staff reporter | Published: 29 November 2013

INDUSTRIALS & ENERGY

Lafarge branches into other businesses

Cement producer Lafarge Cement has started new business initiatives to complement the decline in cement demand on the local market, a company official said.Speaking on the sidelines of the official co...

By Staff reporter | Published: 20 November 2013

CONSTRUCTION & PROPERTY

Lafarge revenue declines 6.3%

Lafarge cement demand for the first 7 months of 2013 was constrained by limited construction activity, MD Jonathan Shoniwa said yesterday.Construction projects have not taken off as anticipated; cons...

By Staff reporter | Published: 29 August 2013

ZIMBABWE

Cement output to peak

Cement production is this year's expected to reach 1999 levels when output peaked with more than 1,1 million tonnes produced, the chairman of the Cement and Concrete Institute, Gavin Stephens has said...

By Business reporter | Published: 03 July 2013

CONSTRUCTION & PROPERTY

Lafarge to focus on affordable housing programme

Lafarge last night launched a new brand communication campaign which changes the baseline to 'building better cities' from 'bringing materials to life'. The group says the new baseline mirrors the ch...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Lafarge records static revenue performance

Lafarge's performance in the first 4 months was unchanged with revenue of $21.7 million, almost the same figure posted in the comparative period, MD Jonathan Shoniwa told the AGM this morning. "...

By Business reporter | Published: 10 June 2013
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