LafargeHolcim owned cement maker Hima is deepening its market share in Uganda with a new plant in what seems to be a mega race for the regions cement market.
The company will commission a new $40m plant by 2018 which will also lift its annual output to close to 2 million tonnes a year. The surge in property and infrastructure projects in the region has sparked investments in cement plants in the eastern Africa market pushing prices lower.
Tororo cement is the largest producer in Uganda followed by Hima. In neighbouring Kenya, the influx of cement makers has drastically push prices down even as Nigerian billionaire Aliko Gangote seeks a share of the market with a new plant.
LafargeHolcim also hopes to export in the regional markets such as South Sudan, DR Congo, Kenya and Somalia which is seeking to rebuild after years of conflict.