Chilanga Cement is a company of Zambia. Chilanga is principally a cement company, producing cement and cement clinker. The company also sales aggregates from a quarry it operates in Chilanga. The company is headquartered in Chilanga which is close to Lusaka, the national capital.
The company was founded in 1949, privatized in 1957, nationalized in 1973, and was the first large state-owned company to be privatized (or re-privatized, as it were) in 1994. Chilanga Cement was the first company to be listed on the Lusaka Stock Exchange, in 1995. The company was the major supplier for the construction of Kariba Dam.[2]
Operationsedit
The former Chilanga Cement, now Lafarge Zambia Plc, operates two major facilities, one in Chilanga and one in Ndola. The Chilanga facility had completed the construction and commissioning of a new facility in 2008.
Lafarge Zambia's largest customers are the construction firms engaged on Government projects like construction of roads, dams and bridges. The company also exports cement and clinker to nearby countries, including The Democratic Republic of Congo (DRC), Malawi, Zimbabwe and Burundi.
In 2020, the company recorded 225,000 tonnes of Clinker exportsales and 740,000 tonnes of Cement sales, 293,000 of which was sold to export markets.[3]
Financialsedit
For the fiscal (and calendar) year 2021, Chilanga Cement reported a net income of ZMW 291,090,000. The annual revenue was ZMW 2,113,725,000.[4]
In 2021 the majority shareholders of Lafarge Zambia Plc (Pan African Cement Co. Ltd. and Financier Lafarge) sold their 75% in the Company to Huaxin (Hainan) Investment Co. Ltd., a company owned by Huaxin Cement Co. Ltd. (Huaxin), leading to the change of trading name of Lafarge Zambia Plc to Chilanga Cement Plc.[5][4]
The shares of stock of Chilanga Cement Plc are listed on the Lusaka Stock Exchange (LuSE), where they trade under the symbol: CHIL. As of 14 April 2022, Chilanga Cement is currently one of the most valuable stocks on the LuSE with a market capitalization of ZMW 2.68 billion.[6]
^ abcd"Chilanga Cement Plc Financial Results 31-Dec-21" (PDF). LuSE. 4 March 2022. Retrieved 17 April 2022.
^Banerji, David; Zimmerman, David J.; Mwinga, Mwene (1996). "Parastatals in Zambia:The conflict between Equity and Efficiency". In Bruton, Henry J.; Hill, Catharine; Banerji, Arup (eds.). The Evaluation of Public Expenditure in Africa. World Bank Publications. p. 56. ISBN9780821336809.
^ abLafarge (17 April 2022). "Lafarge Zambia Annual Report 2020" (PDF). lafarge.co.zm. Retrieved 17 April 2020.[permanent dead link]
^ abcdLuSE (4 March 2022). "Chilanga Cement Plc Financial Results 31-Dec-21" (PDF). luse.co.zm. Retrieved 17 April 2022.
^LuSE (4 March 2022). "Huaxin (Hainan) Investment Co., Ltd. buys Stake in Chilanga Cement Plc" (PDF). luse.co.zm. Retrieved 17 April 2022.
^African 'XChanges (14 April 2022). "Chilanga Cement - CHIL". afx.kwayisi.org. Retrieved 17 April 2022.
chilanga, cement, company, zambia, chilanga, principally, cement, company, producing, cement, cement, clinker, company, also, sales, aggregates, from, quarry, operates, chilanga, company, headquartered, chilanga, which, close, lusaka, national, capital, plccom. Chilanga Cement is a company of Zambia Chilanga is principally a cement company producing cement and cement clinker The company also sales aggregates from a quarry it operates in Chilanga The company is headquartered in Chilanga which is close to Lusaka the national capital Chilanga Cement PlcCompany typePublicTraded asLusaka Stock Exchange CHILIndustryManufacturingFounded1949 HeadquartersChilanga ZambiaKey peopleJimmy J Khan CEO Choolwe Natala Lungu CFO Acting Muna Hantuba chairman ProductsCementCement clinkerRevenueZMW 2 113 725 000 U 120 8 million 2021 1 Net incomeZMW 291 090 000 U 16 6 million 2021 1 Total assetsZMW 1 760 344 000 U 100 5 million 2021 1 Total equityZMW 1 525 860 000 U 87 2 million 2021 1 Websitehttps www lafarge co zm Contents 1 History 2 Operations 3 Financials 4 Ownership 5 See also 6 References 7 External linksHistory editThe company was founded in 1949 privatized in 1957 nationalized in 1973 and was the first large state owned company to be privatized or re privatized as it were in 1994 Chilanga Cement was the first company to be listed on the Lusaka Stock Exchange in 1995 The company was the major supplier for the construction of Kariba Dam 2 Operations editThe former Chilanga Cement now Lafarge Zambia Plc operates two major facilities one in Chilanga and one in Ndola The Chilanga facility had completed the construction and commissioning of a new facility in 2008 Chilanga Cement operates 4 depots one in Mpulungu the others in Chipata Kasumbalesa and Livingstone 3 Lafarge Zambia s largest customers are the construction firms engaged on Government projects like construction of roads dams and bridges The company also exports cement and clinker to nearby countries including The Democratic Republic of Congo DRC Malawi Zimbabwe and Burundi In 2020 the company recorded 225 000 tonnes of Clinker export sales and 740 000 tonnes of Cement sales 293 000 of which was sold to export markets 3 Financials editFor the fiscal and calendar year 2021 Chilanga Cement reported a net income of ZMW 291 090 000 The annual revenue was ZMW 2 113 725 000 4 Year Revenue ZMW Net income ZMW Assets ZMW Equity ZMW 2020 4 1 693 146 000 363 035 000 1 880 081 000 1 636 876 000 2021 4 2 113 725 000 291 090 000 1 760 344 000 1 525 860 000Ownership editIn 2021 the majority shareholders of Lafarge Zambia Plc Pan African Cement Co Ltd and Financier Lafarge sold their 75 in the Company to Huaxin Hainan Investment Co Ltd a company owned by Huaxin Cement Co Ltd Huaxin leading to the change of trading name of Lafarge Zambia Plc to Chilanga Cement Plc 5 4 The shares of stock of Chilanga Cement Plc are listed on the Lusaka Stock Exchange LuSE where they trade under the symbol CHIL As of 14 April 2022 Chilanga Cement is currently one of the most valuable stocks on the LuSE with a market capitalization of ZMW 2 68 billion 6 See also editEconomy of Zambia Cement Production by Country Lusaka Stock ExchangeReferences edit a b c d Chilanga Cement Plc Financial Results 31 Dec 21 PDF LuSE 4 March 2022 Retrieved 17 April 2022 Banerji David Zimmerman David J Mwinga Mwene 1996 Parastatals in Zambia The conflict between Equity and Efficiency In Bruton Henry J Hill Catharine Banerji Arup eds The Evaluation of Public Expenditure in Africa World Bank Publications p 56 ISBN 9780821336809 a b Lafarge 17 April 2022 Lafarge Zambia Annual Report 2020 PDF lafarge co zm Retrieved 17 April 2020 permanent dead link a b c d LuSE 4 March 2022 Chilanga Cement Plc Financial Results 31 Dec 21 PDF luse co zm Retrieved 17 April 2022 LuSE 4 March 2022 Huaxin Hainan Investment Co Ltd buys Stake in Chilanga Cement Plc PDF luse co zm Retrieved 17 April 2022 African XChanges 14 April 2022 Chilanga Cement CHIL afx kwayisi org Retrieved 17 April 2022 External links editChilanga Cement official site Chilanga Cement web page at MBendi Information LaFarge Cement Zambia at Alacrastore https www lafarge co zm Retrieved from https en wikipedia org w index php title Chilanga Cement amp oldid 1218099436, wikipedia, wiki, book, books, library,
