Chilanga Cement is a

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

. Chilanga is principally a cement company, producing

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mix ...

and

cement clinker 200px, Typical clinker nodules 200px, Hot clinker Cement clinker is a solid material produced in the manufacture of Portland cement as an intermediary product. Clinker occurs as lumps or nodules, usually to in diameter. It is produced by sinte ...

. The company also sales aggregates from a quarry it operates in Chilanga. The company is headquartered in

Chilanga (Lusaka), Zambia Chilanga is a township located 20 km south of Zambia's capital city, Lusaka. It is situated midway between Lusaka and Kafue on the Great North Road. Notable features Chilanga is home to a major Lafarge cement plant, known as Chilanga ...

which is close to

Lusaka Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was ab ...

, the

national capital A capital city or capital is the municipality holding primary status in a country, state, province, department, or other subnational entity, usually as its seat of the government. A capital is typically a city that physically encompasses the g ...

History

The company was founded in 1949,

privatized Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

in 1957,

nationalized Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to pri ...

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 The Lusaka Stock Exchange (abbreviated to LuSE) is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association. As of 14 April 2022, the LuSE has 25 listed compa ...

, in 1995. The company was the major supplier for the construction of

Kariba Dam The Kariba Dam is a double curvature concrete arch dam in the Kariba Gorge of the Zambezi river basin between Zambia and Zimbabwe. The dam stands tall and long. The dam forms Lake Kariba, which extends for and holds of water. Construction Th ...

Operations

The former Chilanga Cement, now Lafarge Zambia Plc, operates two major facilities, one in Chilanga and one in

Ndola Ndola is the third largest city in Zambia and third in terms of size and population, with a population of 475,194 (''2010 census provisional''), after the capital, Lusaka, and Kitwe, and the second largest in terms of infrastructure development aft ...

. The Chilanga (Lusaka) facility had completed the construction and commissioning a new facility in 2008. Chilanga Cement operates 4 depots, one in

Mpulungu Mpulungu is a town in the Northern Province of Zambia, at the southern tip of Lake Tanganyika.Camerapix: "Spectrum Guide to Zambia." Camerapix International Publishing, Nairobi, 1996. From Mpulungu, boats reach DR Congo, Tanzania and Burundi. Th ...

, the others in

Chipata The city of Chipata is the administrative centre of the Eastern Province of Zambia and Chipata District. It was declared the 5th city of the country, after Lusaka, Ndola, Kitwe and Livingstone, by President Edgar Lungu on 24 February 2017. The c ...

, Kasumbalesa and Livingstone. 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 Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast ...

Zimbabwe Zimbabwe (), officially the Republic of Zimbabwe, is a landlocked country located in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Botswana to the south-west, Zambia to the north, and Mozam ...

and Burundi. In 2020, the company recorded 225,000 tonnes of Clinker

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

sales Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in r ...

and 740,000 tonnes of Cement sales, 293,000 of which was sold to export markets.

Financials

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.

Ownership

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. The shares of stock of Chilanga Cement Plc are listed on the

(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.

References

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External links