Lake Cement Ltd announced it will invest US$150m in a new cement plant in Bagamoyo, Pwani Region, Tanzania, with a production capacity of 1.4Mta. Construction is due to commence mid-2017, with completion expected to take approximately two years. The plant will use limestone sourced from the project area.
Lake Cement also operates a 1Mta plant in Kimbiji, Kigamboni District. The Kimbiji plant’s product is sold countrywide, as well as exported to Rwanda, Burundi and the Democratic Republic of Congo.
The cement manufacturer is not concerned with the rising number of players in the Tanzanian cement market as demand is being propelled by government construction projects. This increased demand has prompted Lake Cement to increase capacity at its Kimbiji plant.
Other recent projects in Tanzania include Dangote’s US$500m 3Mta plant in Mtwara, which commenced operations in October 2015.
