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Ndola Lime Company Limited 2017-02-28T07:18:37+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

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NLC Corporate Profile

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).

Extract from 2014 annual report

Ndola Lime Company Limited (NLC) reported total revenues for the financial year ended 31 March 2014 of K197.5 million (2013: K214.6 million) and a loss after tax of K11.9 million (2013: K21.5 million).

NLC’s performance during the second half of 2013 was adversely affected by a reduction in sales volume arising from an increase in the price of Heavy Fuel Oil (HFO), which is the company’s most significant operating cost item. The Energy Regulation Board of Zambia (ERB) increased prices of HFO and diesel by 39% and 24% respectively in May 2013. For NLC, this had the dual effect of higher direct input costs and higher quicklime uncompetitive prices.

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 October 2014. Once commissioned, the VK-2 will significant improve production efficiencies at Ndola Lime Company with a resultant effect of reducing the cost of production for limestone products.

There were no dividends declared during the year (2013:Nil).

Limestone & Cement

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