Amsons Group is set to invest US$320 million in a new cement plant in Tanzania with a 5,000 ton/day capacity, upgrade the Mbeya Cement facility, and potentially invest US$400 million in Bamburi Cement in Kenya, contingent on their successful bid. The company aims to become a major cement manufacturer in the region by 2030.
Amsons Group, a prominent player in the cement industry, has announced substantial investments amounting to approximately US$320 million in a new cement manufacturing plant located in Tanga, northern Tanzania. This facility is poised to achieve a production capacity of 5,000 tons per day. In addition to this initiative, the company aims to enhance its operations at the recently acquired Mbeya Cement plant in Tanzania, which includes plans for the installation of a new grinding mill to optimize production efficiency, as reported by Capital News Kenya. Furthermore, Amsons Group has disclosed intentions to invest an estimated US$400 million into Bamburi Cement, a subsidiary of Holcim in Kenya. This investment is contingent upon the successful completion of their US$180 million bid for the acquisition of the company. The strategic expansion aims to position Amsons Group as a leading cement manufacturer within both Kenya and Tanzania by the year 2030. Edha Nahdi, the Managing Director of Amsons Group, expressed gratitude for the supportive stance taken by the Tanzanian and Kenyan governments, stating their significant role in facilitating the company’s regional growth ambitions.
The cement industry in East Africa is witnessing a surge in investments driven by increasing demand for construction materials. Countries like Tanzania and Kenya are experiencing robust infrastructure development, which is in part supported by government initiatives aimed at stimulating economic growth. Amsons Group is strategically aligning its operations to leverage these market opportunities, ensuring their competitive advantage in a rapidly evolving sector. The expansion into Kenya, through investment in Bamburi Cement, underscores the company’s commitment to becoming a major player in the regional market.
In summary, Amsons Group is embarking on a significant investment journey to bolster its position in the East African cement market. With plans for a major cement plant in Tanzania and an investment in Kenya’s Bamburi Cement, the company is poised for substantial growth. The support from local governments further enhances Amsons Group’s prospects for establishing itself as a leading manufacturer by 2030.
Original Source: www.globalcement.com
