Cement News tagged under: Namibia

RSS feed

Ohorongo Cement to be acquired by West China Cement

06 January 2020, Published under Cement News

Namibia's Ohorongo Cement is set to be acquired by West China Cement for US$104m, following an agreement made on 3 January. The takeover is expected to completed soon but is subject to Namibian regulatory approval. Negotiations reportedly began last year when the owners of Ohorongo Cement announced plans to sell its mine which has over 80 per cent of the site’s raw materials. The sale and purchase agreement is subject to certain conditions which must be satisfied by 31 March 2020 in or...

Ohorongo Cement sees value in charcoal fines

21 November 2019, Published under Cement News

Ohorongo Cement in Namibia has partnered with Carbo Namibia, a Namibian manufacturer and exporter of charcoal products, in an attempt to increase its energy saving initiatives and lower its carbon footprint. Ohorongo initially approached local charcoal producers within the Otjozondjupa region to procure charcoal fines to utilise as alternative fuel. Prior to Ohorongo procuring the fines, it was essentially a waste product, as it was not viable for export purposes. Through their supply agr...

Ohorongo Cement plans to reduce bulk road transport

02 October 2019, Published under Cement News

Namibia-based Ohorongo Cement has extended its partnership with Transnamib to reduce its use of road transport in the moving of bulk materials around the country.  Transnamib has seen the construction of a multi-faceted private siding with two independent sections designed for in- and outbound shipments at Ohorongo Cement’s plant near Otavi. Ohorongo Cement and Transnamib entered into a public-private partnership with the establishment of their Ondangwa depot, in which Ohorongo investe...

International Cement cancels US$144m deal to buy Schwenk Namibia

30 September 2019, Published under Cement News

International Cement Group (ICG) has cancelled its proposed  US$10.4.4m acquisition of Schwenk Namibia, according to a bourse filing on Monday. The deal, first announced in March, was cancelled on 27 September 2019. The company had first extended the long stop date by six months to 31 January 2020 from 31 July 2019 to fulfil the deal’s closing conditions, according to The Straits Times. The extension came after the Singpore Exchange rejected the acquisition bid in June as Schwenk was not pr...

Namibia cement demand remains weak

02 May 2019, Published under Cement News

Competition between cement producers has brought down prices as domestic demand remains fairly low when compared with increasing supply, according to First Capital. In March 2019 domestic production capacity has more than doubled to 2.2Mta, when compared with 1Mta in March 2018 as Whale Rock entered the market. However, local demand remains at 0.6Mta. This has led to a fall in prices with First Capital highlighting a drop of 10.4 and 10.1 per cent for semi- and high-strength cement, respe...

Schwenk Zement to exit Namibia

18 March 2019, Published under Cement News

This week, ICR learned that the Namibian cement market was in the process of change with Schwenk Zement's 0.7Mta Ohorongo plant now expected to come under control of International Cement Group (ICG), a Singapore-based company owned by Compact Metal Industrial Plc. ICG aims to acquire 69.83 per cent in Ohorongo Cement, subject to approval by the competition authorities. The remaining 30.17 per cent of shares are held by the Development Bank of Namibia and other South African shareholders. ...

Schwenk Zement to exit Namibia

15 March 2019, Published under Cement News

This week, ICR learned that the Namibian cement market was in the process of change with Schwenk Zement's 0.7Mta Ohorongo plant now expected to come under control of International Cement Group (ICG), a Singapore-based company owned by Compact Metal Industrial Plc. ICG aims to acquire 69.83 per cent in Ohorongo Cement, subject to approval by the competition authorities. The remaining 30.17 per cent of shares are held by the Development Bank of Namibia and other South African shareholders. ...

Whale Rock Cement starts sourcing local clinker

14 March 2019, Published under Cement News

Namibia's Whale Rock Cement, producer of the Cheetah Cement brand, has started to source clinker locally after initially sourcing it from Egypt, according to Zedekias Gowaseb, company chairman. "The clinker we import was from Egypt, that is no secret," said Mr Gowaseb. "From December 2018 we have already started to produce clinker from the Whale Rock mine," he added. Currently, the company’s cement products do not use the seal of approval from either the Namibia Standards Institute or ...

Ohorongo to increase rail use

20 December 2018, Published under Cement News

Namibia’s Ohorongo Cement is working together with TransNamib, the country’s railway company, to take more than 5000 truck loads of product off the road. The cement producers will move more freight onto rail, reducing the use of road transport between the Sargberg plant and the northern regions, according to the Namibia Economist. “This specific route is one of the busiest roads countrywide and this reduction of volumes on the route is thus contributing a safer journey for passenger ve...

Ohorongo Cement plans for alternative fuel boost in festive period

19 December 2018, Published under Cement News

Ohorongo Cement and Rent-A-Drum have made a seasonal pledge to set up waste disposal sites in Thomas, Erongo and Oshana regions of Namibia to reduce the amount of festive waste going to landfill. The cement company wants to process the gift wrapping paper and packaging from the festive period to supplement its alternative fuels. “Since the beginning of the year, Ohorongo disposed of over 70 truckloads of non-recyclable material as alternative fuels along with wood chips and charcoal fines i...