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Zambia’s Chilanga Cement company, which is one of the leading cement manufacturers in Zambia, has attributed the cement production decrease in the country to the high cost of production, lack of liquidity in the market, and the shrinking local and export markets among other factors
Zambia’s Chilanga Cement company, which is one of the leading cement manufacturers in Zambia, has attributed the cement production decrease in the country to the high cost of production, lack of liquidity in the market, and the shrinking local and export markets among other factors.
Zambia’s annual cement production has dropped in the third quarter of the Year 2023, a significant setback for the country’s economy, as the construction industry is a major contributor to the growth of any economy.
According to the Industrial Minerals production report, cement production has dropped by about 2 percent to about 1,800,000 metric tons compared to over 3, 300,000 metric tons produced within the same period in 2022. This decrease has been largely attributed to the high cost of doing business in the country which has several implications for the country’s economy.
The major cement plants in the country are Chilanga Cement (Formerly known as Lafarge cement) with a contribution of over 190, 000 metric tons drop, Mphande Limestone (Simoma) with over 125, 000 metric tons drop, and Dangote Cement with about 178, 000 metric tons drop.
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The decrease in Cement production is a clear indication of the challenges facing the Zambian economy. This has the potential to hurt the construction industry, which is a key driver of the Zambian economy. The Zambian economy has been struggling with a low liquidity situation for some time.
