Athi River sees Tanzanian prices coming down
The price of cement is likely to go down in the coming two years in view of the massive investment in the industry going on in Tanzania.
According to the Managing Director of Athi River Mining (ARM), Pradeep Paunrana, the firm has started construction of two cement plants in the country.
“We are constructing a 750,000t grinding plant in Dar es Salaam which will be commissioned at the end of this year,” he said.
When completed, the plant is expected to increase cement production and stimulate competition among players hence bring relief to the consumers.
Paunrana said the firm will put up another cement plant in Tanga Region which is expected to serve consumers in the country’s northern part.
“We are also putting up a 1.5Mt integrated cement plant in Tanga Region. The TZS8.6bn- factory will be commissioned in quarter two of 2012,” he said. The foundation stone was laid down by President Jakaya Kikwete in 2008, he said.
Published under Cement News
