Diversity positions Lafarge for ‘dominance’

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LAFARGE Cement Zimbabwe (Lafarge)’s diversity and ongoing expansion projects have positioned it for local market dominance, a research firm has said.
The company recently commissioned a new US$2,8 million dry mortar (DMO) plant, which is expected to increase its manufacturing capacity to 100 000 tonnes from
7 000 tonnes.

It has also begun investing in the expansion of its vertical cement mill from a manufacturing capacity of 450 000 tonnes per annum to 1 million tonnes by 2022.
“We believe Lafarge will dominate the cement industry within the next five years through its resilient capital expansion projects and the newly commissioned DMO plant,” Wealth Access Advisory Services (Wealth Access) said in a recent note.