adminfrom 75 percent to 90 percent.
Total cement volumes last year increased by 4 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 US$60 million compared to US$50 million recorded in 2011,” he said.
“US$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.
The cement producer was formed in 1956 as Salisbury Portland Cement owned by Associated Portland Cement Manufacturer Association of the UK.
It changed its name to Circle Cement Limited in 1982 following the change of the holding company’s name to Blue Circle Industries Plc.
In June 2001 it was acquired as part of a global buyout of Blue Circle Industries by French conglomerate Lafarge which has operations in 78 countries. — New Ziana
Online Reporter
- Herald
- July 31, 2026
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