Holcim Divests East African Cement Businesses for $120 Million
ECONOMY & POLICY

Holcim Divests East African Cement Businesses for $120 Million

Swiss building materials giant Holcim has agreed to sell its Ugandan subsidiary, Hima Cement, to the local conglomerate Sarrai Group for $120 million. Additionally, Holcim will divest its 65% stake in Tanzania's Mbeya Cement Company to Amsons Group for an undisclosed sum. These transactions are part of Holcim's strategy to focus on its core markets. Both deals are subject to regulatory approval.

Hima Cement, headquartered in Kasese, Uganda, is jointly owned by Holcim (70%) and Cem Holdings Ltd (30%). Holcim Group, with subsidiaries in over 80 countries, is a global leader in building materials manufacturing.

Operating two factories in Kasese, Western Uganda, Hima Cement is the country's second-largest cement producer, with an annual output of 2 million metric tonnes, accounting for 28% of national production. At least 20% of Hima's cement is exported to neighboring countries.

In 2018, Hima Cement expanded its operations by opening a new $40 million cement factory along the Tororo-Mbale Soroti Road, increasing its total production capacity to 1,900,000 tonnes annually. The company also owns a limestone quarry in Kamwenge district, ensuring a sustainable supply of raw materials until 2036.

Swiss building materials giant Holcim has agreed to sell its Ugandan subsidiary, Hima Cement, to the local conglomerate Sarrai Group for $120 million. Additionally, Holcim will divest its 65% stake in Tanzania's Mbeya Cement Company to Amsons Group for an undisclosed sum. These transactions are part of Holcim's strategy to focus on its core markets. Both deals are subject to regulatory approval. Hima Cement, headquartered in Kasese, Uganda, is jointly owned by Holcim (70%) and Cem Holdings Ltd (30%). Holcim Group, with subsidiaries in over 80 countries, is a global leader in building materials manufacturing. Operating two factories in Kasese, Western Uganda, Hima Cement is the country's second-largest cement producer, with an annual output of 2 million metric tonnes, accounting for 28% of national production. At least 20% of Hima's cement is exported to neighboring countries. In 2018, Hima Cement expanded its operations by opening a new $40 million cement factory along the Tororo-Mbale Soroti Road, increasing its total production capacity to 1,900,000 tonnes annually. The company also owns a limestone quarry in Kamwenge district, ensuring a sustainable supply of raw materials until 2036.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?