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Ndola Lime Company Limited 2017-06-29T12:12:20+00:00

Founded on 10th January 1931 as the Northern Rhodesia Lime Company Limited, Ndola Lime Company Limited is the country’s major producer of limestone products supplying the mines and other key industries with various products. It is a wholly owned subsidiary of ZCCM Investments Holdings Plc.

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NLC General Enquiries

P.O. Box 70057
Ndola, Copperbelt Province
Zambia
Phone: +260-212-616292/3
Fax: +260-212-627614
info@ndolalime.co.zm
www.ndolalime.co.zm

NLC Sales Enquiries

P.O. Box 70057
Ndola, Copperbelt Province
Zambia
Phone: +260-212-627622/3
Fax: +260-212-627614
sales@ndolalime.co.zm
www.ndolalime.co.zm

NLC Downloads

NLC Corporate Profile

Extract from 2016 annual report

Ndola Lime Company Limited (NLC) reported total revenues for the financial year ended 31 March 2016 of K196.6 million (2015: K195.7 million) and a loss after tax of K86.3 million (2015: K17.7 million).

The company’s results during the year were affected by reduced sales margins, prolonged run of the inefficient rotary kiln, year-end inventory adjustments, additional depreciation charges arising from the commissioned new plant and exchange losses.

ZCCM-IH continued to provide financial support towards the completion of the Ndola Lime Recapitalisation Project. During the year an additional shareholder loan of K28.7 million (US$2.82 million) was provided. The project is expected to increase the company’s production volume at a reduced unit cost of production by using alternative cheaper fuel and is still undergoing hot commissioning.

The conversion of the ZCCM-IH shareholder loans into equity amounting to K659 million significantly improved NLC’s gearing. There were no dividends declared during the year under review (2015: nil).

Download 2016 Annual Report

Extract from 2015 annual report

Ndola Lime Company Limited (NLC) reported total revenues for the financial year ended 31 March 2015 of K195.7 million (2014: K197.5 million) and a loss after tax of K17.7 million (2014: K12.5 million loss).

NLC’s performance during the third quarter of 2014 was adversely affected by a reduction in sales revenue arising from a decrease in the selling price of quick lime, which is the company’s most significant source of revenue. The reduction in selling prices came as a result of new entrants in the market. NLC had to maintain market share by reducing the price. This had the effect of lowering revenues from quicklime sales.

ZCCM-IH continued to provide financial support through shareholders loans towards the completion of the Ndola Lime Recapitalisation Project. The Vertical Kiln (VK-2) is targeted to be commissioned at the end of March 2016. Once commissioned, the VK-2 will significantly improve production efficiencies at NLC with a resultant effect of reducing the cost of production for limestone products.

There were no dividends declared during the year under review (2014: Nil).

Download 2015 Annual Report

Limestone & Cement

Leveraging on the huge lime reserves to become a key player in the mining vertical chain and in the critical cement market.