+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code