Lafarge branches into other businesses

Lafarge branches into other businesses
Published: 20 November 2013
Cement producer Lafarge Cement has started new business initiatives to complement the decline in cement demand on the local market, a company official said.

Speaking on the sidelines of the official commissioning of a homestead in Murehwa yesterday, Lafarge finance director Mr Farai Matanhire said the local demand for cement has declined due to the liquidity crunch that has been affecting the economy.

"October or the third quarter is usually the peak demand period but we have seen the demand gradually coming down.

"The volumes are not at the level that we anticipated although the demand is still there mainly because of the liquidity issues which we are currently seeing in the economy," he said.

To this end, he said, they have decided to venture into a number of projects such as expanding their paint manufacturing business.

"There are a lot of projects that we have embarked on, already we have boosted our paint manufacturing business.

"It was a business that we were not really focusing on before as our main focus was on cement," he said.

Mr Matanhire added that they were also focusing on supplying aggregates (material such as sand or gravel used with cement and water to make concrete, mortar, or plaster) for the construction industry and lime to the agricultural sector.
- bh24
Tags: Lafarge, Cement,


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