Amsons Group’s Strategic Investments in Tanzania and Kenya Cement Sector
Amsons Group is investing US$320 million in a new cement plant in Tanzania and upgrading Mbeya Cement. Additionally, the company plans to invest US$400 million in Bamburi Cement in Kenya, aiming to become a key player in the cement industry by 2030.
Amsons Group is set to make substantial investments in Tanzania and Kenya, as part of its strategic expansion within the East African region. The company plans to construct a cement plant in the Tanga region of northern Tanzania, with an investment amounting to US$320 million and a production capacity of 5,000 tons per day. This monumental project is in addition to significant upgrades planned for the newly acquired Mbeya Cement in Tanzania, including the installation of a new grinding mill, as reported by Capital News Kenya. Moreover, Amsons Group intends to invest approximately US$400 million in Bamburi Cement, a subsidiary of Holcim in Kenya, contingent upon the successful outcome of its US$180 million bid. Edha Nahdi, the managing director of Amsons Group, acknowledged the favorable support received from both the Tanzanian and Kenyan governments, contributing positively to the company’s regional expansion ambitions. He expressed, “Thanks to the support of the Tanzanian and Kenyan governments, our regional expansion plans are now firmly on course. We plan to be one of the largest cement manufacturers in Kenya and Tanzania by 2030.”
The East African cement market has been experiencing significant growth due to increased demand in construction and infrastructure projects across the region. Cities in Tanzania and Kenya, in particular, are witnessing rapid urbanization, prompting a growing need for cement production capacity. The strategic investments by Amsons Group highlight a robust commitment to enhancing production capabilities in line with this demand, aiming to position itself as a leading cement manufacturer in the two countries. Furthermore, partnerships and governmental support play a critical role in facilitating industrial developments in these nations.
In conclusion, Amsons Group is poised to revolutionize the cement industry in Tanzania and Kenya with its planned investments totaling over US$700 million. The construction of a new cement plant in Tanzania and enhancements to existing operations illustrate the company’s commitment to growth and efficiency in the East African market. Under the guidance of its managing director, Edha Nahdi, Amsons Group aims to emerge as a dominant player in the cement manufacturing sector by 2030, leveraging governmental support and strategic acquisitions.
Original Source: www.globalcement.com
