adminThe company last year recorded $50 million full year revenue following a refurbishment exercise that increased capacity utilisation from 75 percent to 90 percent.
Total cement volumes last year increased by four percent against a 19 percent decline in exports culminating from an increased focus on local demand.
Lafarge managing director Mr Jonathan Shoniwa said the revenue target was in line with increasing demand.
“Full year revenue forecast is $60 million compared to $50 million recorded in 2011,” he said.
“$4,5 million will be spent on capital expenditure during the year. This is expected to result in better plant reliabilities and improved efficiencies.”
Lafarge has capacity to produce 450 000 tonnes of cement a year. — New Ziana.
Online Reporter