Chilanga Cement

Chilanga Cement is a company of Zambia. Chilanga is principally a cement company, producing cement and cement clinker. The company also sales aggregates from a quarry it operates in Chilanga. The company is headquartered in Chilanga (Lusaka), Zambia which is close to Lusaka, the national capital.

Chilanga Cement Plc
TypePublic
Lusaka Stock Exchange:CHIL
IndustryManufacturing
Founded1949 Edit this on Wikidata
HeadquartersLusaka, Zambia
Key people
  • Jimmy J Khan (CEO)
  • Choolwe Natala Lungu (CFO-Acting)
  • Muna Hantuba (chairman)
Products
Revenue
  • Increase ZMW 2,113,725,000
  • (U$ 120.8 million)(2021)
[1]
  • Increase ZMW 291,090,000
  • (U$ 16.6 million)(2021)
[1]
Total assets
  • Increase ZMW 1,760,344,000
  • (U$ 100.5 million)(2021)
[1]
Total equity
  • Increase ZMW 1,525,860,000
  • (U$ 87.2 million)(2021)
[1]
Websitehttps://www.lafarge.co.zm/

History

The company was founded in 1949, privatized in 1957, nationalized 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, in 1995. The company was the major supplier for the construction of Kariba Dam.[2]

Operations

The former Chilanga Cement, now Lafarge Zambia Plc, operates two major facilities, one in Chilanga and one in Ndola. The Chilanga (Lusaka) facility had completed the construction and commissioning a new facility in 2008.

Chilanga Cement operates 4 depots, one in Mpulungu, the others in Chipata, Kasumbalesa and Livingstone.[3]

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, Zimbabwe and Burundi.

In 2020, the company recorded 225,000 tonnes of Clinker export sales and 740,000 tonnes of Cement sales, 293,000 of which was sold to export markets.[3]

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.[4]

Year Revenue

(ZMW)

 Net income

(ZMW)

 Assets

(ZMW)

 Equity

(ZMW)

2020[4] 1,693,146,000 363,035,000 1,880,081,000 1,636,876,000
2021[4] 2,113,725,000 291,090,000 1,760,344,000 1,525,860,000

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.[5][4]

The shares of stock of Chilanga Cement Plc are listed on the Lusaka Stock Exchange (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.[6]

See also

References
  1. "Chilanga Cement Plc Financial Results 31-Dec-21" (PDF). LuSE. 4 March 2022. Retrieved 17 April 2022.
  2. Banerji, David; Zimmerman, David J.; Mwinga, Mwene (1996). "Parastatals in Zambia:The conflict between Equity and Efficiency". In Bruton, Henry J.; Hill, Catharine; Banerji, Arup (eds.). The Evaluation of Public Expenditure in Africa. World Bank Publications. p. 56. ISBN 9780821336809.
  3. Lafarge (17 April 2022). "Lafarge Zambia Annual Report 2020" (PDF). lafarge.co.zm. Retrieved 17 April 2020.
  4. LuSE (4 March 2022). "Chilanga Cement Plc Financial Results 31-Dec-21" (PDF). luse.co.zm. Retrieved 17 April 2022.
  5. LuSE (4 March 2022). "Huaxin (Hainan) Investment Co.,Ltd. buys Stake in Chilanga Cement Plc" (PDF). luse.co.zm. Retrieved 17 April 2022.
  6. African 'XChanges (14 April 2022). "Chilanga Cement - CHIL". afx.kwayisi.org. Retrieved 17 April 2022.

https://www.lafarge.co.zm/

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