Amsons Group will invest USD 320 million to build a cement plant in Tanzania and plans an upgrade at Mbeya Cement. The company intends to invest USD 400 million in Bamburi Cement in Kenya, depending on a successful bid of USD 180 million. Edha Nahdi, managing director, emphasized government support in achieving their regional expansion goals by 2030.
Amsons Group is poised to make substantial investments in the East African market, specifically in Tanzania and Kenya. The company has announced plans to construct a cement plant in northern Tanzania’s Tanga region, with an estimated investment of USD 320 million and a production capacity of 5,000 tons per day, as reported by Bloomberg. Furthermore, Amsons Group intends to enhance the facilities at the recently acquired Mbeya Cement in Tanzania, which will involve the installation of a new grinding mill, according to Capital News Kenya. In addition, Amsons is looking to invest USD 400 million into Holcim’s Kenyan subsidiary, Bamburi Cement, contingent upon their successful bid of USD 180 million. Edha Nahdi, the managing director of Amsons Group, remarked on the importance of governmental support in facilitating their expansion efforts. He stated, “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.” These developments reflect Amsons Group’s strategic focus on bolstering its operational capacity and strengthening its market presence in the region, aiming to become a key player in the cement industry by the end of the decade.
Amsons Group is a key player in the cement manufacturing sector, demonstrating a keen interest in expanding its operational reach in East Africa. The investments in Tanzanian and Kenyan cement production facilities are a reflection of the growing demand for construction materials in these rapidly developing markets. This surge in investment not only indicates confidence in the region’s economic prospects but also aligns with broader objectives of regional industrialization and infrastructure development. The cement industry is pivotal in supporting construction activities, which have been on the rise in tandem with population growth and urbanization in both countries.
In summary, Amsons Group’s significant investments in Tanzania and Kenya signal a strong commitment to enhancing its production capabilities in the cement sector. The USD 320 million project in Tanzania and potential USD 400 million investment in Kenya highlight the company’s ambitions to become a leading cement manufacturer in East Africa by 2030. The endorsement from government bodies in both nations is instrumental for Amsons Group in pursuing these expansion plans, reflecting a collaborative effort between the private and public sectors.
Original Source: www.globalcement.com
