+
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

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code