Tanga Cement Public Limited Company is a

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 ...

manufacturing company in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

. Its shares of

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

are listed on the

Dar es Salaam Stock Exchange The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in A ...

, where they trade under the symbol TCCL.

Location

The company maintains corporate offices at Coco Plaza, 254 Toure Drive, Oysterbay, in

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

, the commercial and financial capital of Tanzania. The company's production facilities are located at Pongwe Factory Area, along the Tanga–Korogwe Road, in ''Pongwe'', a western suburb of the city of

Tanga Tanga may refer to: Places Burkina Faso * , a town in eastern Burkina Faso * Tanga, Sidéradougou, a village in western Burkina Faso * Tanga-Pela, a village in northern-central Burkina Faso Other places * Tanga, Tanzania, a city and port on th ...

, along the

Indian Ocean The Indian Ocean is the third-largest of the world's five oceanic divisions, covering or ~19.8% of the water on Earth's surface. It is bounded by Asia to the north, Africa to the west and Australia to the east. To the south it is bounded by th ...

coast, approximately , north of Dar es Salaam.

Overview

Tanga Cement Plc is a large cement manufacturers, whose annual production capacity is over 1.25 million tonnes of cement. As of 30 June 2019, the company had total assets of TSh 435.94 billion (approx. US$191 million), with shareholders' equity of TSh 140.85 billion (approx. US$62 million). Tanga Cement Plc produces Simba branded

portland cement Portland cement is the most common type of cement in general use around the world as a basic ingredient of concrete, mortar, stucco, and non-specialty grout. It was developed from other types of hydraulic lime in England in the early 19th c ...

grades of Type II 32.5R and Type II 42.5R.

History

The company was founded in 1980 by the

Tanzanian government The politics of Tanzania takes place in a framework of a unitary presidential democratic republic, whereby the President of Tanzania is both head of state and head of government, and of a multi-party system. Executive power is exercised by the ...

. It was inaugurated by Tanzania's founder-president,

Julius Nyerere Julius Kambarage Nyerere (; 13 April 1922 – 14 October 1999) was a Tanzanian anti-colonial activist, politician, and political theorist. He governed Tanganyika as prime minister from 1961 to 1962 and then as president from 1962 to 1964, aft ...

in 1981. In 1989, the

parastatal A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

, then known as Tanga Cement Company Limited entered into a

management contract A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise that performs the necessary managerial functions in return for a fee. Management contracts involve not just sell ...

with Holcim Cement of

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

. In 1996, the government of Tanzania sold 60 percent shareholding in the company to Holcim Cement, the management company of the business. In 2002, the company's shares of stock were listed on the Dar es Salaam Stock Exchange. The government of Tanzania divested from the business and Holcim increased their ownership to 62.5 percent. Holcim went through several name changes, including ''Holcim Mauritius'' and eventually ''AfriSam Mauritius''.

Ownership

Tanga Cement Plc's

is listed on the

; its symbol is TCCL. The table below illustrates the shareholding in the stock of the company, as at 31 December 2016.

References

External links