HARARE – Lafarge Cement Zimbabwe Limited, a subsidiary of Swiss Headquartered LafargeHolcim, has moved to allay fears of cement shortages in Zimbabwe, saying that the supply backlog currently prevailing in the market is temporary and will ease out in the coming weeks.
Lafarge, which recently commissioned its US$2.8 million dry mortar plant said that the consumption spike being witnessed is a very positive economic growth indicator which may be attributed to a rise in mortgage finance as well as improved disposable income following a successful tobacco and maize farming season on the back of the Command Agriculture Programme.
The rest of the statement reads as follows:
“As a company well-rooted in Zimbabwe with a presence of over seven decades of operations, Lafarge is excited by this development in the market. We are well equipped and committed to serve the Zimbabwean market for its future growth,” the company said.
Like any other products, cement shortages have the effect of triggering price increases that normally see a boom in black market activities. However, Lafarge has urged customers to be patient and not be lured to the trade cement on the black market.
“Prices of our cement have not been adjusted upwards, therefore any price hike by retailers is unjustifiable. The parallel market causes unnecessary panic and destabilises the market which burdens individual income and is ultimately regressive for national economic growth,” the company said.
Listed on the Zimbabwe Stock Exchange (ZSE), Lafarge offers a range of cement and allied products suitable for various construction needs. These range from aggregates, to cement and dry mortar products applied for the finest finishes in construction work. The company also offers a range of soil strengthening compounds in the form of agricultural lime and continues to innovate in products and services to meet the customer’s changing demands.
Lafarge serves in most provinces across the country with a current installed capacity to produce 450kt of cement annually.
Its cement products include Portland Cement, Masonry and SupaSet.
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