Tanga Cement
Encyclopedia
Tanga Cement is a cement company
of Tanzania
. The company was founded in 1980 in association with the government of Denmark
and in 1989, as a state company of the Tanzanian government, entered into a management contract
with Holcim Cement
of Switzerland
. In 1996 the government began to privatize
the company
and as of 2007 it is owned primarily by the public
and by Holcim Mauritius.
grades of Type II 32.5R and Type II 42.5R.
in Pongwe
. Corporate offices are located in Dar es Salaam
.
is listed on the Dar es Salaam Stock Exchange; its symbol is TANGA.
Cement
In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed...
of Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
. The company was founded in 1980 in association with the government of Denmark
Government of Denmark
Denmark is a constitutional monarchy with a representative democracy based on a unicameral parliamentary system. The affairs of Government are decided by a Cabinet of Ministers, which is led by a Prime Minister...
and in 1989, as a state company of the Tanzanian government, entered into a management contract
Management contract
A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise which performs the necessary managerial functions in return for a fee. Management contracts involve not just selling a method of doing things but involves...
with Holcim Cement
Holcim
Holcim is a Swiss-based global company supplying cement and aggregates . The company also supplies ready-mix concrete and asphalt including associated construction services.-Holcim Group:...
of Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
. In 1996 the government began to privatize
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
the company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
and as of 2007 it is owned primarily by the public
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
and by Holcim Mauritius.
Production
Tanga Cement produces Simba brand portland cementPortland cement
Portland cement is the most common type of cement in general use around the world because it is a basic ingredient of concrete, mortar, stucco and most non-specialty grout...
grades of Type II 32.5R and Type II 42.5R.
Location
Production facilities are located in the area of the city of TangaTanga, Tanzania
Tanga is both the name of the most northerly seaport city of Tanzania, and the surrounding Tanga Region. It is the Regional Headquarters of the region.With a population of 243,580 in 2002, Tanga is one of the largest cities in the country...
in Pongwe
Pongwe
Pongwe Pogwe is a village within Kang'ata ward in Handeni District, of Tanga area, of Tanzania. In Pongwe village there is a natural spring water place called Kwekibaya. Kwekibaya is the only source of water for thousands of people and animals...
. Corporate offices are located in Dar es Salaam
Dar es Salaam
Dar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
.
Listing
Tanga Cement's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is listed on the Dar es Salaam Stock Exchange; its symbol is TANGA.
Competition
Other major cement companies in Tanzania include:- Mbeya Cement
- Twiga CementTwiga CementTwiga Cement is a company of Tanzania that manufactures portland cement. Twiga's cement is produced in grades of Twiga Ordinary and Twiga Extra.- History :...