HeidelbergCement is investing in excess of US$100m to modernise and extend capacity at the Tanzania Portland Cement Company works near Dar-es-Salaam, which covers the country’s principal cement market. This investment will take the capacity from its current level of around 0.65Mt to 1.2Mt by 2009.
The investment will include a new kiln line as well as additional grinding, packaging and loading capacity.
At present, Tanzania Portland Cement Company, in which HeidelbergCement owns 63.3% of the equity, has a of around 40% of a market that has been showing good growth in recent years, on the back of an economy growing by around six per annum so far this decade.
