Amsons Group plans to invest US$720 million in the Tanzanian and Kenyan cement markets, including the construction of a US$320 million cement plant in Tanzania and a US$400 million investment in Kenya’s Bamburi Cement. The company’s managing director cites governmental support as crucial for these expansion initiatives, targeting leadership in the sector by 2030.
Amsons Group is set to undertake substantial investments in Tanzania and Kenya, with plans to establish a cement plant in northern Tanzania’s Tanga area. This facility, costing approximately US$320 million, will have a production capacity of 5,000 tons per day, as reported by Bloomberg. The company also intends to enhance the operations at its recently acquired Mbeya Cement in Tanzania, which will include the installation of a new grinding mill, according to Capital News Kenya. Moreover, Amsons Group is preparing to invest US$400 million in Bamburi Cement, a subsidiary of Holcim in Kenya, contingent upon the successful execution of its US$180 million bid. Edha Nahdi, the managing director of Amsons Group, expressed confidence in their regional expansion plans, stating, “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 cement industry in East Africa is experiencing significant growth, driven by increased demand for construction materials fueled by both government infrastructure projects and private sector developments. The Tanzanian and Kenyan markets have emerged as key areas for investment, attracting both local and international players. Amsons Group’s strategic investments in these regions signal a commitment to enhancing production capacity and meeting the growing demand for cement in the construction sector.
In summary, Amsons Group is poised to make a considerable impact in the Tanzanian and Kenyan cement markets through its substantial investments totaling approximately US$720 million. By building a new cement plant and upgrading existing facilities, the company aims to establish itself as a leading manufacturer in the region by the year 2030. The support from both governments is instrumental in facilitating these ambitious expansion plans.
Original Source: www.globalcement.com
