Heidelberg Cement is set to invest a total of $120m in three separate projects to increase its cement production capacity in Africa.
The company will invest $30m in Ghana, $50m in Burkina Faso and $40m in Tanzania.
"In particular the countries of sub-Saharan Africa have a very high growth potential due to their early stage of industrialisation and rich natural resources," said Dr Bernd Scheifele, chairman of the managing board of Heidelberg Cement.
The investment in Burkina Faso will be in a 650,000 tonnes per year cement grinding plant in the capital city of Quagadougou.
Heidelberg’s Ghana venture will see a new mill added to its grinding plant in the port city of Takoradi. The project will also see new cement silos and bag packing dispatch facilities added at the site.
According to the company, this will take its total cement capacity in Ghana to 4.4 million tonnes per year.
The Tanzania investment will be in a 700,000 tonnes per year mill, cement silo and bag packing facility at Heidelberg’s Wazo Hill plant.
Heidelberg cement operates a total of 13 plants in eight sub-Saharan African countries.
