Listed firm Bamburi Cement’s 480,000t new capacity in the Uganda plant will start operations in the second quarter of 2010, company managing director, Hussein Mansi, said on Wednesday.
Poised to boost the regional growing demand, the US$100m (KES7.8bn) project will raise the plant’s capacity to 820,000t. "We expect to use this to open up new export markets especially in Central Africa," Mr Mansi said.
He projects that the second half of this year is going to be tough as supply for cement is estimated to reach a glut. "The global financial crisis is not over yet. With the influx of cheap cement imports, this poses more challenges to local cement producers," he said.