#Headlines

Trade Ministry updates cement situation

Jun 5, 2024, 11:22 AM

The Ministry of Trade, Industry, Regional Integration and Employment wishes to inform the public that there is enough cement in the country far more than the national demand. As of today, 4thJune 2024, the three companies have the below stocks:

 

Name

Current Stock

Expected Stock

1

Jah Multi Industries Ltd

19,000 MT

29,000 MT Mid June

30,660 MT End June

29,000 MT First Week July

2

Gacem Ltd

6,500 MT

15,000 MT 15th June

3

Salam Company Ltd

70,200 MT

 

 

Furthermore, the Ministry also want to inform the public and retailers of cement in particular, that the wholesale prices of cement by the local factories have not changed since the introduction of the measure.  The wholesale price of 42.5R cement at Jah Multi Industries remains at D355 per 50kg bag that of Gacem is at D388 per bag for the 42.5R cement and the wholesale price of the 32.5R cement from Salam is D330 per bag. The Ministry wishes to reiterate that the quality of local cement is consistent with international standards.

The Ministry therefore calls on all importers, distributors and retailers as well as all other stakeholders to directly contact the factories and take advantage of the opportunities created by the cement value chain to support their businesses and livelihood.