Competition Commission opens investigation into merits of monopoly
The Namibian Competition Commission has started a public conference on the proposed acquisition of Schwenk Cement’s shareholding in Ohorongo Cement by Whale Rock Cement , the ow...
Ohorongo Cement
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Ohorongo Cement takeover speculation sparks Namibian monopoly fears
An at tempted takeover of Schwenk Namibia ( Ohorongo Cement ) by rival Whale Rock Cement is facing strong opposition from stakeholders who fear it could create a monopoly in the...
Whale Rock plans to acquire Schwenk Namibia
Whale Rock Cement (Pty) Ltd , the parent company of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cemen t. If successfu...
Schwenk Zement terminates Namibian purchase agreement
The 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 ...
Namibia’s cement sales affected by COVID-19
The 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 a...
Ohorongo Cement sale blocked by competition commission
The 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 Chi...
Ohorongo Cement sees value in charcoal fines
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 a...
Ohorongo Cement plans to reduce bulk road transport
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...
Schwenk Zement to exit Namibia
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 Internation...
International Cement set to acquire Schwenk Namibia
Singapore’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 amoun...