Zambezi Portland cement goes up by 11 percent

Zambezi Portland cement goes up by 11 percent

Ndola, July 11, 2013, ZANIS – ZAMBEZI Portland Cement has increased its cement prices by 11 per cent.

ZANIS  Business reports that the Interim Chief Financial officer Peter Kangombe said this in an interview in Ndola today.

He said that the new prices were effected on Monday July 8, 2013.

  “A local 50kg cement bag will now cost K55.50 and exports per 50kg bag is at US$9.75. Bulk cement local is going to cost K1, 100. We have only increased by 11 per cent. The old price for a 50kg of cement was K50,” he said.

Mr. Kangombe said there was a lot of demand for cement in the country and that the cement company was working hard to make sure that it met the market demand.

“As we said our prices are affordable to the customer because there is a lot of construction going on in Ndola and countrywide. The new prices are within the means of what the market can take because Zambezi Portland is critical to the economy of the country,” he said.

Mr. Kangombe said the company has been performing well from the time the interim management took over adding that it has increased its production capacity from 1,000 tonnes of cement production per day to 1,400.

The cement company revealed in June 2013 that it will increase its cement prices because diesel prices had gone up by 24 per cent.