Ndola Lime export figures dwindle
Published On January 1, 2014 » 2810 Views» By Times of Zambia » Business, Stories
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NDOLA Lime Company Limited export figures reduced during the year 2013, compared to the previous period, posting a significant income reduction.

The company which is a subsidiary of ZCCM-Investment Holdings, exported products amounting to K23.4 million compared to K40.6 million in 2012, recording a reduction of K17.2 million.

No reason was given for the reduction focus for the company in 2014 strategic period, but revenue is to grow to K 51.5 million which translates into growth of 8 per cent annually.

And the company’s total revenue for the year ended March 31, 2013 was K214.6 million from K177.6 million in the previous financial year.

ZCCM-IH chief executive officer Mukela Muyunda said in the period under review, the company reported a loss before tax of K30.5 million from a profit of K5.4 million saying the loss after tax was K 22.9 million.

During the year, Mr Muyunda said Ndola Lime strengthened its mining operations by purchasing two Terex dump trucks and water bowsers.
“The electrostatic precipitator on the rotary kiln was recommissioned and operations were satisfactory. A new dust abatement unit was installed on the vertical kiln and is at commissioning stage,” he said.

Mr Muyunda said in the period under review the company obtained an additional loan of K133 million from ZCCM-IH for the completion of the recapitalisation project.

He said civil works for the new vertical kiln were completed and mechanical erection commenced in February 2013 saying that the hot commissioning of the vertical kiln commenced in December 2013.

Mr Muyunda also disclosed that Misenge Environmental and Technical Services Limited (METS), a subsidiary of ZCCM-IH commenced operations on February 1, 2013.
During the two months of operation in February and March 2013, the company has realised total revenue of K203, 903.

Mr Muyunda said: “The Company has started preparing a strategic plan for the period 2013 to 2016 for the provision of environmental and technical services to ZCCM-IH and other clients.”

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