Amsons Group to Make Major Investments in East African Cement Sector

Amsons Group plans to invest US$320 million in a cement plant in Tanga, Tanzania, and upgrade the Mbeya Cement facility. The company additionally seeks to invest US$400 million in Bamburi Cement in Kenya, contingent on a successful bid. Managing director Edha Nahdi highlights government support as pivotal for their regional expansion and ambitions to become a leading cement manufacturer by 2030.

Amsons Group is set to invest significantly in East Africa with plans to establish a US$320 million cement manufacturing facility in the Tanga region of northern Tanzania. This new plant aims to achieve a remarkable production capacity of 5,000 tons per day, as reported by Bloomberg. Furthermore, the company intends to upgrade its recently acquired Mbeya Cement plant in Tanzania, which will include the installation of a new grinding mill, according to Capital News Kenya. In Kenya, Amsons Group plans to invest an additional US$400 million in Holcim’s subsidiary, Bamburi Cement, contingent upon the successful outcome of its US$180 million bid. Edha Nahdi, the managing director of Amsons Group, emphasized, “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 current investment by Amsons Group is part of a broader strategy aimed at strengthening its presence in the East African cement market. As infrastructure development and urbanization continue to rise in Tanzania and Kenya, the demand for cement and construction materials is expected to grow significantly. This presents a lucrative opportunity for manufacturers in the region. Amsons Group’s strategic investment not only positions the company for future growth but also aligns with regional development goals promoted by both the Tanzanian and Kenyan governments.

In summary, Amsons Group’s substantial investments in Tanzania and Kenya underscore its commitment to becoming a key player in the East African cement market. With the establishment of a new cement plant in Tanga, an upgrade of the Mbeya Cement facility, and potential investments in Bamburi Cement, the company is well on its way to achieving its goal of becoming one of the largest cement manufacturers in the region by 2030, backed by support from local governments.

Original Source: www.globalcement.com