Cement News tagged under: Ohorongo Cement
Schwenk Zement terminates Namibian purchase agreement29 February 2024, Published under Cement NewsThe purchase agreement between Schwenk Zement International GmbH and RWCo GmbH regarding shares in Schwenk Namibia (PTY) Ltd has been cancelled. The agreement, which was signed on 6 April 2023, was for 100 per cent of the shares in Schwenk Namibia, which holds, inter alia, 69.83 per cent of Ohorongo Cement (PTY) Ltd and 100 per cent of Energy For Future (PTY) Ltd. The agreement was waiting on the approval of the Namibian Competition Commission (NaCC). According to RWCo, rather than a... |
Namibia’s cement sales affected by COVID-1917 August 2020, Published under Cement NewsThe lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public affairs manager. “Cement sales have been affected since the outbreak of the virus. We were able to continue supplying our Namibian market without major interruptions while adhering to the regulations under the state of emergency. However, due to the restrictions and quarantine rules by neighbouring countries, our exp... |
Ohorongo Cement sale blocked by competition commission05 August 2020, Published under Cement NewsThe Namibian Competition Commission has reportedly blocked the NAD1.5bn (US$86.67m) sale of Schwenk Namibia, which manages and owns 69.8 per cent of Ohorongo Cement, to West China Cement, according to The Namibian. "The Namibian Competition Commission [has] made a decision to prohibit the acquisition of Schwenk Namibia (Pty) Ltd by West China Ltd due to the fact that it would result in coordination between Ohorongo Cement (Pty) Ltd and Whale Rock Cement," said notes on the decision. The ... |
Ohorongo Cement sees value in charcoal fines21 November 2019, Published under Cement NewsOhorongo 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 transport02 October 2019, Published under Cement NewsNamibia-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... |
Schwenk Zement to exit Namibia18 March 2019, Published under Cement NewsThis 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. ... |
International Cement set to acquire Schwenk Namibia11 March 2019, Published under Cement NewsSingapore’s International Cement Group has entered into a conditional agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for SGD141.89m (US$104.4m). This amount comprises of US$19.3m for its shares and another US$85.1m for the purchase of its loans, according to the Straits Times. Amongst its assets Schwenk Namibia owns a 69.8 per cent stake in Ohorongo Cement, which operates a 1Mta facility in north Otavi. International Cement noted that instead of building a new plant... |
Ohorongo to increase rail use20 December 2018, Published under Cement NewsNamibia’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 period19 December 2018, Published under Cement NewsOhorongo 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... |
Ohorongo Cement opens 5MW solar plant10 September 2018, Published under Cement NewsNamibia’s Ohorongo Cement officially inaugurated its 5MW solar photovoltaic plant this week at the company’s head offices near Otavi, Otjozondjuba region, Namibia. Minister of Mines and Energy, Tom Alweendo delivered the keynote address. The Minister said solar power has grown exponentially in Namibia since the inception of the Renewable Energy Feed-In Tariff programme in 2014 that its contribution to the grid has resulted in further studies by NamPower and the Electricity Control Board (E... |