Amsons Group plans to invest $320 million in a new cement plant in Tanga, Tanzania, with a production capacity of 5,000 tons per day. The company will also upgrade the recently acquired Mbeya Cement and invest $400 million in Bamburi Cement in Kenya, contingent on a successful $180 million bid. Managing Director Edha Nahdi highlighted the importance of governmental support for their expansion plans aimed at becoming a top cement manufacturer in both countries by 2030.
Amsons Group has embarked on significant investments in East Africa, specifically focusing on Tanzania and Kenya, with an aim to enhance its cement production capabilities. In the Tanga region of northern Tanzania, the company plans to establish a state-of-the-art cement plant, projected to cost approximately US$320 million, which will boast a production capacity of 5,000 tons per day. In tandem with this initiative, Amsons Group is set to undertake substantial upgrades at the Mbeya Cement facility recently acquired in Tanzania, including the installation of a new grinding mill, as per reports from Capital News Kenya. Furthermore, Amsons Group intends to invest an additional US$400 million in Bamburi Cement, a subsidiary of Holcim in Kenya, pending the successful outcome of its US$180 million bid for the company. Edha Nahdi, Managing Director of Amsons Group, expressed optimism regarding their expansion strategy by stating the importance of governmental support in the region, hoping to solidify their position as a leading cement manufacturer in Kenya and Tanzania by the year 2030.
The construction and cement industry in East Africa is witnessing substantial growth, spurred by infrastructure development initiatives and increasing demand for construction materials. Amsons Group, recognizing the potential in this sector, is making significant investments to establish and enhance cement production facilities in Tanzania and Kenya. These investments not only signify the company’s commitment to expand its operational footprint but also reflect the optimistic investment climate fostered by supportive governmental policies aimed at achieving economic growth in the region.
In conclusion, Amsons Group’s investment initiatives in Tanzania and Kenya mark a pivotal step towards enhancing cement production capacity in East Africa. The establishment of a new cement plant in Tanzania and upgrades to existing facilities, coupled with a major investment in Kenya, underscore the company’s strategic vision to become a leading player in the cement industry by 2030. Support from local governments is instrumental to the successful execution of these ambitious plans.
Original Source: www.globalcement.com
