Twiga Cement

Tanzania Portland Cement Company Ltd.
Public
Traded as DSE: TWIGA
Industry Cement
Founded 1966 Production
Headquarters Dar es Salaam, Tanzania
Products Twiga Cement
Revenue Decrease TZS 213.8 Billion (2013)
Decrease TZS 37.5 Billion (2013)
Number of employees
 341
Parent Heidelberg Group
Website twigacement.com
Footnotes / references
Annual Report 2013[1]

Twiga Cement (TPCC) is a Tanzanian company that manufactures portland cement. Twiga's cement is produced in grades of Twiga Ordinary and Twiga Extra.[2]

History

The company was founded in 1959 as Tanzania Portland Cement Company, producing its first bag of cement in mid-1966, in association with Tanzania Development Corporation and Cementia AG of Switzerland. Major cement-producing facilities at Wazo Hill in Dar es Salaam went online in 1966. In 1973 the company was nationalized with the government of Tanzania owning 100% of shares. In 1998 the company was reprivatized by the government, Scancem of Norway and Swedfund. By 2005 Twiga was a part of Heidelberg Cement Africa, of which Scancem is subsidiary.[3]

Location

The Twiga cement factory is located about 30 km northwest of Dar es Salaam. Offices are located in Dar es Salaam.

Listing

The company is listed on the Dar es Salaam Stock Exchange under the symbol TWIGA.

Competition

Other major cement producers of Tanzania include:

See also

References

  1. ↑ "Annual Report 2013" (PDF). twigacement.com. Twiga Cement. Retrieved 17 January 2016.
  2. ↑ http://www.heidelbergcement.com/africa/en/twigacement/home.htm
  3. ↑ http://www.heidelbergcement.com/africa/en/twigacement/about_us/history.htm
  4. ↑ http://www.transnationale.org/companies/mbeya_cement.php
  5. ↑ http://www.unitedworld-usa.com/reports/tanzania/tanga.asp
  6. ↑ http://minerals.usgs.gov/minerals/pubs/country/2003/tzmyb03.pdf
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