Ohorongo

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Ohorongo Cement

logo
legal form Pty Ltd.
founding 2007
Seat Windhoek , Namibia
management Gerhard Hirth , Klaus Bauer , Peter Frank Koep
Number of employees 300 (2011)
Branch Building materials
Website www.ohorongo-cement.com

Ohorongo Cement ( Ohorongo Cement in English ; mostly Ohorongo for short ) is a cement factory founded in Namibia in 2007 . The factory is the third largest foreign investment and the largest German direct investment in Namibia. To cover the Namibian cement market, a production of around 320,000 tons of cement is necessary. In addition, around 380,000 tons are produced for export to neighboring countries.

By October 2015, the capacity was increased to an annual production of one million tons. For this, 150 million Namibia dollars were invested.

history

After the construction of the "Cheetah Cement" factory near Otjiwarongo failed in 2008, until 2018 Ohorongo was the only cement factory in the country.

On January 29, 2009 the foundation stone was laid for the construction of the factory on the Sargberg farm between Otavi and Tsumeb in the Otjozondjupa region . On February 3, 2011, after a construction period of around 25 months and an investment volume of more than N $ 2.5 billion, the opening was completed in the presence of President Hifikepunye Pohamba .

At the beginning of October 2010, the first cargo with 30,000 tons of coal was unloaded from a cargo ship from Maputo in Mozambique in the port of Walvis Bay . From there, the coal was transported by truck along the nearby B1 national road and, after its completion, over a siding on the Otavi – Tsumeb railway line to the factory.

Production started in December 2010.

In 2011, a 3.2 kilometer long track was opened that connects the factory with the TransNamib network. The track branches off north from the Otavi Otavibahn from. The shunting takes place by means of a road- rail vehicle from the Italian manufacturer Zephir.

Ownership structure

Ohorongo (Schwenk Namibia) was founded as a 100% subsidiary of Schwenk Zement . At the beginning of 2011 it was announced that the Namibian Development Bank had acquired 10% of the shares in Ohorongo. Shortly before, the merger with the cement distribution company Afrisam had not been approved by the Namibian Competition Commission. The Industrial Development Corporation holds 20% of the shares , while the Development Bank of Southern Africa holds a further 7.5%. 60% of the shares are still held by Schwenk. The remaining 2.7% are to be sold at a later date.

As of August 2019, Ohorongo is almost 70 percent owned by Schwenk. These shares were to be sold to the Singapore-based International Cement Group by July 2019 . However, the sale was banned by the Singapore Exchange on June 21, 2019 because Ohorongo is not profitable and the International Cement Group does not have the necessary funds to fund the acquisition. In addition, the necessary precautions against money laundering were not taken.

In August 2020, a Chinese takeover was rejected by the Namibian Competition Commission NaCC.

Web links

Individual evidence

  1. ↑ New Era, March 9, 2010 ( Memento from September 8, 2012 in the web archive archive.today )
  2. ↑ Cheetah Cement to commence operations in Namibia. Cement, January 9, 2018.
  3. ↑ Cheetah Cement's plans dry up, The Economist, July 7, 2008
  4. ^ The Week in Review , Windhoek Observer, accessed January 5, 2011
  5. ↑ Ohorongo-sementaanleg vandag geopen, Die Republikein, February 3, 2011
  6. ^ The Namibia Economist: Ohorongo turns on the heat , accessed January 6, 2011
  7. ↑ az.com.na: First coal for cement plant arrives , accessed on January 5, 2011
  8. ^ Contract for the construction of a rail connection, Allgemeine Zeitung, March 9, 2010
  9. ↑ Desie Heita: Ohorongo cement now available ( Memento from September 4, 2012 in the web archive archive.today ) , March 4, 2011, accessed on September 15, 2011
  10. ↑ ohorongo-cement.com: Profile ( Memento from November 26, 2011 in the Internet Archive ) , accessed on March 7, 2011
  11. ↑ Connection via track, Allgemeine Zeitung, May 19, 2010
  12. ↑ Ohorongo cement now available, New Era, March 4, 2011. ( Memento from September 4, 2012 in the web archive archive.today )
  13. ↑ containers.co.za: Welcome to Versatile Container Handling ( Memento from January 21, 2011 in the Internet Archive ) , accessed on May 5, 2012
  14. ↑ Allgemeine Zeitung: DBN is now involved , accessed on January 5, 2011
  15. ↑ az.com.na: Ohorongo Cement is “surprised” , accessed on January 5, 2011
  16. ↑ Felix Njini: Ohorongo eyes southern Africa , Southern Times, February 4, 2011, accessed March 7, 2011
  17. ↑ Schwenk sale deal to close on July 31, 2019. Namibia Press Agency , March 12, 2019.
  18. ^ Daniel Steinmann: Singapore Securities Exchange sinks Ohorongo Cement majority sale to Chinese cement group. Namibia Economist, June 25, 2019, accessed September 3, 2019 .
  19. ^ Morning news. Hitradio Namibia, August 4, 2020.

Coordinates: 19 ° 31 ′ 22.2 ″  S , 17 ° 27 ′ 0.2 ″  E