Amsons Group is set to invest $320 million in a cement plant in Tanzania and to upgrade Mbeya Cement. Additionally, the company plans to invest $400 million in Bamburi Cement in Kenya, contingent on a prior bid. The Managing Director emphasizes government support for expansion plans aiming to become a leading manufacturer by 2030.
Amsons Group has announced ambitious plans to invest significantly in the cement manufacturing sector in both Tanzania and Kenya. The company intends to establish a cement plant in the Tanga region of northern Tanzania, with an estimated investment of $320 million and a projected production capacity of 5,000 tons per day. In addition, Amsons Group has acquired Mbeya Cement in Tanzania, where they plan to implement substantial upgrades, including the installation of a new grinding mill. Furthermore, the company is poised to invest an additional $400 million into Bamburi Cement, a subsidiary of Holcim located in Kenya. This investment is dependent upon the successful completion of a prior bid amounting to $180 million. Edha Nahdi, the Managing Director of Amsons Group, expressed optimism regarding these developments, 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.”
Amsons Group is a leading industrial entity that has been actively expanding its footprint in East Africa, particularly in the cement industry. The region is experiencing robust demand for construction materials, driven by increased infrastructure development and urbanization. The Tanzanian and Kenyan markets present significant opportunities due to government initiatives and investments aimed at boosting local production and minimizing import dependency. Amsons’ strategic investment plans align with their goal to become a dominant player in this sector by the year 2030.
In summary, Amsons Group’s planned investments in Tanzania and Kenya represent a strategic move to enhance its production capabilities and market position in East Africa’s burgeoning cement industry. With a focus on sustainability, quality production, and government collaboration, the company aims to establish itself as a key player by 2030.
Original Source: www.globalcement.com
