THE Shareholders of
TPCC Managing Director, Mr
This, however, is despite the fact that the cement firm suffered a 14 per cent drop in revenues in 2013 as compared to 2012. Revenues dropped from 249.112bn/- in 2012 to reach 213.77bn/- in 2013.
The company, which trades at the Dar es
"With the accident, we then started using imported clinker and also to rent and operate electricity generators, which resulted into an increase in operational costs," said
The firm says soaring investment in infrastructure construction as well as increased public and private sector demand make cement production a big business in
However, the same attracts importers of the vital construction materials to flood the markets with cement that create unlevelled playing ground to local manufacturers.
The company, which holds a 36 per cent market share of cement sales in the country, says cement imports went up by 27 per cent last year.
However, according to
Twiga predicts that 2014 will also be a challenging year as it forecasts an increased competition mainly after commissioning of new firms.
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