Lafarge Zambia reports a 66% profit increase in the first half of 2014

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Zambia: Lafarge Zambia's CEO, Emmanuel Rigaux, said that its profit went up by 66% during the first six months of 2014, largely driven by favourable volumes, the launch of cost-control measures, improved industrial performance and positive foreign exchange gains.

"Our priority to improve our level of customer service through innovative new products, a re-focused sales and customer service team and state-of-the-art logistical solutions, have started to show results," said Rigaux. "Together with improvements in operational and industrial performance at our Ndola and Chilanga plants, we have managed to attain encouraging first half results despite a challenging environment in Zambia and key export markets."

Cement production grew by 13% to 600,000t, despite domestic and export markets facing challenges with stiffening competition, cost inflation and a number of changes in the regulatory environment. Lafarge Zambia expects continued efforts on the customer and cost-control sides to enable the firm to grow profitably and meet the needs of domestic and export customers, with a strong focus on infrastructure and mining projects in Zambia and the Democratic Republic of Congo.

Rigaux said that Lafarge Zambia's current capacity expansion projects in Ndola and Chilanga would also enable the company to remain the preferred supplier of construction solutions in Zambia and the DRC. He added that cement demand is expected to remain strong for the rest of 2014, saying that innovative products, services and solutions would be introduced as required to satisfy the growing demand in the construction sector.

Last modified on 20 August 2014

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