Tanga Cement

Tanga Cement Public Limited Company is a cement manufacturing company in Tanzania. Its shares of stock are listed on the Dar es Salaam Stock Exchange, where they trade under the symbol TCCL.[1]

Tanga Cement Plc
TypePublic
DSE: TCCL
IndustryCement Manufacturing
Founded1970 Plans
1980 Commissioned
Headquarters[Pongwe Factory Area, Korogwe Road, P O Box 5053, Tanga, Tanzania ]
Key people
Lawrence Masha
Chairman[1]
Reinhart Swart
Managing Director[1]
ProductsSimba Bora, Simba Imara, Simba Barabara
Total assetsTZS 435.94 Billion (H1:2019)
Number of employees
300 +
WebsiteCompany Website

Location

The company maintains corporate offices at Coco Plaza, 254 Toure Drive, Oysterbay, in Dar es Salaam, the commercial and financial capital of Tanzania.[2][3] The company's production facilities are located at Pongwe Factory Area, along the Tanga–Korogwe Road, in Pongwe, a western suburb of the city of Tanga,[2] along the Indian Ocean coast, approximately 331 kilometres (206 mi), north of Dar es Salaam.[4]

Overview

Tanga Cement Plc is a large cement manufacturers, whose annual production capacity is over 1.25 million tonnes of cement.[1] As of 30 June 2019, the company had total assets of TZS:435.94 billion (approx. US$191 million), with shareholders' equity of TZS:140.85 billion (approx. US$62 million).[5] Tanga Cement Plc produces Simba branded portland cement grades of Type II 32.5R and Type II 42.5R.[6]

History

The company was founded in 1980 by the Tanzanian government. It was inaugurated by Tanzania's founder-president, Julius Nyerere in 1981. In 1989, the parastatal, then known as Tanga Cement Company Limited entered into a management contract with Holcim Cement of Switzerland. In 1996, the government of Tanzania sold 60 percent shareholding in the company to Holcim Cement, the management company of the business.[7][8]

In 2002, the company's shares of stock were listed on the Dar es Salaam Stock Exchange. The government of Tanzania divested from the business and Holcim increased their ownership to 62.5 percent. Holcim went through several name changes, including Holcim Mauritius and eventually AfriSam Mauritius.[7][8]

Ownership

Tanga Cement Plc's stock is listed on the Dar es Salaam Stock Exchange; its symbol is TCCL. The table below illustrates the shareholding in the stock of the company, as at 31 December 2016.[7][8]

Tanga Cement Plc Stock Ownership
RankName of OwnerPercentage Ownership
1AfriSam Mauritius
68.3
2Private and Institutional Investors
31.7
Total
100.00

See also

References
  1. Bob Karashani (2 November 2019). "Tanga Cement Announces First Half Financial Results". The EastAfrican. Nairobi. Retrieved 14 May 2020.
  2. Simba Cement Tanzania (14 May 2020). "Tanga Cement Plc: Contact Us". Dar es Salaam: Simbacement.co.tz. Retrieved 14 May 2020.
  3. Google (14 May 2020). "Location of the Corporate Headquarters of Tanga Cement Plc" (Map). Google Maps. Google. Retrieved 14 May 2020.
  4. Google (14 May 2020). "Road Distance Between Dar es Salaam And Tanga In Tanzania" (Map). Google Maps. Google. Retrieved 14 May 2020.
  5. Tanga Cement Plc (21 August 2019). "Financial Statements for the Six Months Ended 30 June 2019" (PDF). Dar es Salaam: Simbacement.co.tz. Retrieved 14 May 2020.
  6. Tanga Cement Plc (2020). "Tanga Cement Plc: Our Brands". Dar es Salaam: Simbacement.co.tz. Retrieved 14 May 2020.
  7. Tanga Cement Plc (2016). "Simba Cement: Corporate Profile". Dar es Salaam: Tanga Cement Plc. Retrieved 14 May 2020.
  8. Samuel Kamndaya (10 May 2016). "Glimpse Into Tanga Cement's Success In Spite of Big Odds". The Citizen (Tanzania). Dar es Salaam. Retrieved 14 May 2020.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.