Twiga Cement
Encyclopedia
Twiga Cement is a company of Tanzania
that manufactures portland cement
. Twiga's cement is produced in grades of Twiga Ordinary and Twiga Extra.
in 1962, in association with Tanzania Development Corporation and Cementia AG of Switzerland
. Major cement-producing facilities
at Wazo Hill in Dar es Salaam
went online in 1966. In 1973 the company was nationalized
with the government of Tanzania owning 100% of shares
. In 1998 the company was reprivatized
by the government, Scancem of Norway and Swedfund. By 2005 Twiga was a part of Heidelberg Cement Africa, of which Scancem is subsidiary.
. Offices are located in Dar es Salaam.
under the symbol TWIGA.
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...
that manufactures portland cement
Portland 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...
. Twiga's cement is produced in grades of Twiga Ordinary and Twiga Extra.
History
The company was founded in 1959 as Tanzania Portland Cement Company, producing its first bag of cementCement
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...
in 1962, in association with Tanzania Development Corporation and Cementia AG 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....
. Major cement-producing facilities
Cement mill
A cement mill is the equipment used to grind the hard, nodular clinker from the cement kiln into the fine grey powder that is cement...
at Wazo Hill 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: ...
went online in 1966. In 1973 the company was nationalized
Nationalization
Nationalisation, also spelled nationalization, is the process of taking an industry or assets into government ownership by a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being...
with the government of Tanzania owning 100% of shares
Stock
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...
. In 1998 the company was reprivatized
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...
by the government, Scancem of Norway and Swedfund. By 2005 Twiga was a part of Heidelberg Cement Africa, of which Scancem is subsidiary.
Location
Cement works are located about 30km northwest of Dar es SalaamDar 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: ...
. Offices are located in Dar es Salaam.
Listing
The company is listed on the Dar-es-Salaam Stock ExchangeDar-es-Salaam Stock Exchange
The Dar es Salaam Stock Exchange is a stock exchange located in Dar es Salaam, the largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998; it is a member of the African Stock Exchanges Association. The exchange is open five days a week, from Monday through...
under the symbol TWIGA.
Competition
Other major cement producers of Tanzania include:- Mbeya Cement
- Tanga CementTanga CementTanga 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...
at PongwePongwePongwe 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...
near TangaTanga, TanzaniaTanga 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...