Twiga Cement: A Complete Guide to the Company

Twiga Cement is a leading cement manufacturer in East Africa, with a rich history that dates back to 2009. It was founded by a group of experienced entrepreneurs who saw an opportunity to meet the growing demand for cement in the region.

The company's headquarters is located in Nairobi, Kenya, and it has a strong presence in the East African market. Twiga Cement has a diverse product portfolio that includes various types of cement, such as Portland cement, which is a key component in the construction industry.

Twiga Cement has invested heavily in modernizing its production facilities, which has enabled it to increase its production capacity and meet the growing demand for cement in the region. This investment has also helped the company to improve its product quality and reduce its environmental impact.

Twiga Cement is committed to sustainability and has implemented various initiatives to reduce its environmental footprint.

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Twiga Cement manufactures three brands of portland cement: Twiga Ordinary, Twiga Plus+, and Twiga Extra.

The company's factory was expanded in 2014 to increase its manufacturing capacity to 1,900,000 tonnes annually, which is equivalent to 2,094,391 tons per year.

Twiga Cement employed 285 people in 2018, which is a relatively small workforce for a company of its size.

The company's total assets were valued at TSh 322.76 billion in 2018, which is equivalent to approximately $141 million.

Twiga Cement has a significant presence in Tanzania, with a share price total assets of $41 million and shareholders' equity of $98 million in 2018.

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Twiga Cement's ownership structure is quite diverse, with a total of 11 entities holding shares in the company. As of December 2018, Scancem International DA from Norway held the largest percentage of ownership at 69.25%.

The Tanzanian government divested from Twiga Cement in 2006 by floating its shares on the Dar es Salaam Stock Exchange, where the company's stock trades under the symbol TWIGA.

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The governance of Twiga Cement is led by Mr. Hakan Gurdal, who serves as the chairman of the board of directors, and Mr. Alfonso Velez, who serves as the managing director.

Here's a breakdown of the top shareholders in Twiga Cement as of December 2018:

Ownership is a crucial aspect of any company, and Twiga Cement is no exception. In 2006, the Tanzanian government divested from the company by floating its shares on the Dar es Salaam Stock Exchange.

The company's stock is traded under the symbol TWIGA. As of December 2018, Scancem International DA held the largest share of the company, with a staggering 69.25% ownership.

Here is a breakdown of the top shareholders in Twiga Cement as of December 2018:

These shareholders play a crucial role in the company's decision-making process, and their interests are reflected in the company's policies and strategies.

At Twiga Cement, the leadership team is headed by Hakan Gurdal, who serves as the chairman of the board of directors.

Alfonso Velez is the company's Managing Director, responsible for overseeing daily operations and making key decisions.

Hakan Gurdal's role as chairman of the board of directors ensures that the company's strategic direction is well-managed and aligned with its goals.

Alfonso Velez has a significant say in the company's decision-making process, thanks to his position as Managing Director.

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Twiga Cement has a rich history in Tanzania, dating back to 1966. The company was established to manufacture and sell cement, with its first factory built at Wazo Hill in Dar es Salaam in 1996.

Twiga worked in collaboration with the Tanzania Development Corporation to build the factory, and as a result, the Government of Tanzania owned 20 percent of the company's shares. The government later increased its shares to 100 percent, nationalizing the company.

Twiga has consistently produced high-quality cement, conforming to the standards issued by the Tanzania Bureau of Standards (TBS). The company offers three brands of cement: Twiga Extra, Twiga Plus+, and Twiga Ordinary, each providing exceptional value for money.

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Twiga Cement has a rich history that spans over six decades. The company was established in 1959 as Tanzania Portland Cement Co. and started producing cement in 1966.

The company was initially a joint venture between the Tanzanian government and Switzerland's Cementia AG, with the government owning 20% and Cementia AG owning 80%. In 1967, the government increased its ownership to 50%.

The Tanzanian government later nationalized the company in 1967, taking full ownership. This marked a significant shift in the company's ownership structure.

In 1992, the Norwegian company Scancem International acquired 13% ownership from the government. Another 13% was sold to Swedfund International, with the government retaining 74% ownership.

Here's a breakdown of the company's stock ownership at the time of privatization in 1998:

This ownership structure would remain in place until the company was privatized again.

Twiga Cement has been a key player in Tanzania's cement industry since its establishment in 1966. It was originally set up to manufacture and sell cement.

The company's early days saw it collaborate with the Tanganyika Development Company, now known as Tanzania Development Corporation, to build a cement factory at Wazo Hill in Dar es Salaam. This collaboration led to the Government of Tanzania owning 20 percent of the Company shares.

Construction of the factory was completed in mid-1996, marking a significant milestone in Tanzania's cement production history. The first bag of cement to be produced in Tanzania was made at this factory.

The Government later increased its shares in the Company from 20 to 50 percent, and eventually nationalized Twiga Cement, taking ownership to 100 percent.

Twiga has undergone significant expansions over the years, including a major project in 2014 that increased its production capacity to 1.9 million metric tonnes per year.

The cement mill expansion was a major milestone for the company, allowing it to consolidate its market position and supply cement to high-profile projects like the new National Stadium and the Kigamboni Bridge.

Twiga has remained a market leader in Tanzania, holding a share of approximately 36 percent.

The company's commitment to quality is evident in its ISO certification since January 2003, which ensures that its business operations meet international standards.

Twiga's laboratories are equipped with modern x-ray machines, allowing for thorough analysis of geological materials and products.

The company's focus on customer success is evident in its statement that it is only successful when its customers are successful.

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Twiga Cement is widely available in Tanzania, with a price range of Tzs 3,700 to TZS 3,800.

The company produces one of the best-known cement brands in the country.

Twiga Cement's dividend for 2022 is 10.54% with a yield of Sh390.00.

This dividend is based on a public float of 38.41M.

Twiga Cement's operations at Wazo Hill consume a significant amount of limestone, water, and energy.

The company generates a large amount of emissions, including dust, combustion gases, noise, and particulate from the kiln stacks.

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Twiga Cement is strict about environmental issues and focuses on waste management and sustainable development.

Their strict waste management system handles wastewater, waste from plant maintenance, and laboratory waste.

The company's three pillars for sustainable development are economy, ecology, and social responsibility.

They aim to preserve the natural environment, which is the basis for all their activity.

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Twiga Cement's factory is situated on Wazo Hill, near Bagamoyo-Dar es Salaam Road, almost 11 miles northwest of Dar es Salaam.

The factory's coordinates are 39°10’03.0 “E, 06°39’47.0 “S, which can be precisely located using the longitude of 39.167502 and latitude of 6.663064.

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Twiga Cement's factory is situated on Wazo Hill, near Bagamoyo-Dar es Salaam Road, almost 11 miles northwest of Dar es Salaam.

The factory's coordinates are 39°10’03.0 “E, 06°39’47.0 “S, which can be used for navigation or to find the exact location on a map.

The factory is located at a longitude of 39.167502 and a latitude of 6.663064.

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To get in touch with us, you can call our main office number at 555-1234 during business hours. We're available Monday through Friday from 9am to 5pm.

Our email address is [email protected], and you can expect a response within 24 hours.

You can also reach out to us through our website's contact form, which is available 24/7.

Our physical address is 123 Main St, Anytown, USA 12345, and we're open to visitors by appointment only.

We're on social media too - you can find us on Facebook, Twitter, and LinkedIn under the name "Company Name".

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