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Ethiopia: South African cement producer PPC has acquired Industrial Development Corporation's 20% stake in Ethiopian-based Habesha Cement for a purchase consideration of US$13m. PPC's initial 27% stake in Habesha, acquired in July 2012, now rises to 51%, while the balance of the shareholding in Habesha is held by around 16,000 local shareholders.
Apr 22, 2017· E thiopia's prime minister Hailemariam Dessalegn has inaugurated Habesha Cement's new factory with the capacity to produce 1.4 million tons of cement per year.. READ:Top cement manufacturers in East Africa. The cement plant which is built at a cost of about US$132m is located in Holeta Town. The shareholders are all Ethiopians except for 2 who are South African based companies.
May 22, 2018· In May this year, prime minister Desalegn commissioned a cement making plant by Habesha Cement, which is jointly owned by South Africa's Industrial Development Corporation and Pretoria Portland Cement. The commissioning of the plant increased Ethiopia's cement production capacity to 16.4million tonnes/year, nearly ten times more than a ...
Jun 19, 2019· Ethiopia: South African cement producer PPC has acquired Industrial Development Corporation's 20% stake in Ethiopian-based Habesha Cement for a purchase consideration of US$13m. PPC's initial 27% stake in Habesha, acquired in July 2012, now rises to 51%, while the balance of the shareholding in Habesha is held by around 16,000 local shareholders.
Habesha Cement Share Co. was incorporated in September 2008 as per the commercial code of 1960 of the Federal Democratic Republic of Ethiopia with a business objective of entering the fast-growing Ethiopian Cement Market and exploit the market opportunity. The project idea was launched in October 2008 and shares were floated for public subscription. ...
The South Africa PPC is the leading supplier of cement in southern Africa, with eight cement manufacturing facilities and three milling depots in South Africa, Botswana and Zimbabwe. With a total capacity of eight million tonnes of cement annually, its managers have pledged to their shareholders to enhance revenues, up to 50pc in five years ...
In May, prime minister Desalegn opened a cement plant by Habesha Cement, which is owned jointly by South Africa's Industrial Development Corporation and Pretoria Portland Cement. Commissioning of the plant increased Ethiopia's annual cement production capacity to 16.4 million tonnes - nearly 10 times more than a decade earlier, despite the ...
Habesha Cement is set to open its 1.4Mt/yr cement plant near to Addis Ababa in 2016. Habesha also has an international angle, given that South African cement producer PPC purchased the majority stake in Habesha Cement in the autumn of 2014 following the project's difficult financial history.
Welcome to Habesha Cement. Habesha Cement Share Co. was incorporated in September 2008 as per the commercial code of 1960 of the Federal Democratic Republic of Ethiopia with a business objective of entering the fast-growing Ethiopian Cement Market and exploit the market opportunity.
Jul 26, 2012· 26 July 2012 . South Africa's Pretoria Portland Cement (PPC) and the Industrial Development Corporation (IDC) have teamed up to acquire a 47% equity stake in Ethiopia's Habesha Cement Share Company (HCSCo), and will help build a US$130-million cement plant in .
Jul 25, 2012· South Africa's Pretoria Portland Cement and a state investment body will together pay $21 million for almost half of Ethiopia's Habesha Cement Share Company, targeting demand for infrastructure in ...
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Aug 14, 2013· The Development Bank of Ethiopia was able to extend 30 percent of the amount requested by Habesha Cement S.C. Close to 47pc of Habesha is controlled by IDC and another South African firm, Pretoria Portland Cement (PPC) Company Ltd. Habesha Cement S.C has hired the Chinese Northern Heavy Machinery Industries, Shenyang Co. Ltd., to carry out ...
Habesha cement has regularly involved in hosting consultation meetings and capacity building trainings for important stakeholders in the construction sector. The company has conducted consecutive capacity building trainings for block makers and masons.
May 19, 2017· As part of its objectives aimed at strengthening regional economic integration, the IDC partnered with South African cement manufacturer PPC, the Trade and Development Bank (formerly PTA) and a host of Ethiopian companies to develop a cement plant in Ethiopia. This partnership has now culminated in the launch of Habesha cement plant.
Aug 08, 2012· South Africa's Pretoria Portland Cement Company (PPC), has joined hands with South Africa's Industrial Development Corporation (IDC), to acquire a 47% equity stake in Habesha Cement Share Company (HCSCo) of Ethiopia in a US$21m deal. Paul Stuiver, the PPC CEO, was quoted as saying, "We are on record that our strategy is to grow our ...
About. Njombo Lekula is PPC's Managing Director of RSA Cement and Materials Division and a member of the board of directors in the various international businesses that PPC has majority shares in, namely, CIMERWA Ltd (Rwanda) and HABESHA Cement Share Company (Ethiopia).
Sep 16, 2014· In 2012 the South African firm acquired a 27 percent stake in the Habesha Cement Share Company in Ethiopia for $12m and 51 percent of Cimerwa of Rwanda for $70m.
Tens of thousands of shareholders in Habesha Cement will flock today to a temporary shelter erected on Ras Mekonnen St, inside the small fenced sports field, adjacent to Yidenekachew Tessema ...
Jul 25, 2012· JOHANNESBURG (Reuters) - South Africa's Pretoria Portland Cement and a state investment body will together pay $21 million for almost half of Ethiopia's Habesha Cement Share Company, targeting ...
Besides its cement products, the company is planning to produce and market Aggregate Ready Mix Concrete and Gypsum Boards. Vision. To be the leading integrated cement and other construction inputs supplier and the first choice in East Africa. Company's Identity . The name Habesha is a brand name for our cement company which connotes and meant ...
Mar 29, 2013· They therefore welcomed the announcement, in July 2012, by a South African company, Pretoria Portland Cement Company Limited which, with the support of the Industrial Development Corporation, had secured a significant stake in the Habesha Cement Share Company of Ethiopia.
Nov 06, 2014· Habesha Cement has commenced construction of a 1.4 million-tons-a-year facility 35km north-west of Addis Ababa at a cost of about $135m, with commissioning of the plant anticipated in 2016.
Jan 02, 2014· Habesha Cement S.C. has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank, known as the PTA, just five weeks after signing a long-awaited loan agreement for 660 million Br with the development bank of Ethiopia (DBE). Habesha transferred 7.9 million dollars to the China-based Northern Heavy Machinery Industries in .
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