Tanzania's TOL Gases eyes 3 African countries as profit jumps.

TOL Gases Ltd is mulling to start selling its products to Kenya, Zambia and Zimbabwe as the company's 2014 profit more than doubles. Its net profit jumped from 998m/- in 2013 to 2bn/- last year, according to its latest financial statement. 

The increase in profit, the statement says, was a result of completion of the first round of the rehabilitation of its Aspen plant. The completion improved reliability and efficiency. 

On average according to the statement, the plant is producing at 80 to 90 percent efficiency. "Total power consumption per cubic metre of gas produced has gone down by 43 per cent. 

The plant now can produce crude argon and it is expected that the plant will be in a position to produce pure argon in the second phase of repairs expected in the last quarter of 2015," reads the report.
Source: The Citizen, reported by Veneranda Sumila, from Dar es Salaam, Tanzania

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