Browsing: Huaxin Cement

Tanzania Cement Industry

Tanzania Cement Industry If there is a booming industry in Tanzania, it is the cement industry that has more than doubled production in under a decade.

As of 2011, Tanzania was producing 2.4Mt annually a figure that has shot up to 6.5Mt as of 2020. Compared to the previous year, the production volume of cement grew by 44.5 per cent and is associated with rising construction activity in the country.

Another marker of how well the industry is doing is the amount of investment the sector is getting annually. Consider the most recent buy out of Maweni Limestone Ltd by China’s Huaxin Cement.

Why this US$16 million buyout attests to the industry performance is the fact that once operational, it will be China’s first African entity producing cement on the continent instead of exporting.

Local demand is estimated to have clocked 5.9Mt and growing fast, the newly purchased plant by Huaxin Cement has …