DATE LISTED: 29th Sept,2006
IPO PRICE (TZS): 435
TPCC is a subsidiary of the Heidelberg Cement Group is the largest cement producing company in Tanzania. Established in 1966 with the principal activity of manufacturing and selling cement. The shares of TPCC are actively traded on the Dar es Salaam Stock Exchange (DSE).
The company currently produces three brands of cement, Twiga Extra (32.5R), Twiga Plus+ (42.5N) and Twiga Ordinary (42.5N). Today, TPCC remains the market leader in the cement industry in Tanzania holding around 36% of the market share. Being a market leader TPCC has supplied cement to many sensitive and competitive projects in Tanzania including the new National Stadium, the Bus Rapid Transit pavement roads, Kigamboni Bridge, the Mwenge-Tegeta road, Kilwa road, Multi-storey structures such as PSPF, Uhuru Heights, Rita High Rise Building, NHC and many others. In 2006 TPCC listed a total of 179,923,100 shares at an IPO price of TZS 435.