Ohorongo Cement Explained

Ohorongo Cement (Pty) Ltd
Foundation:2007
Location:Windhoek, Namibia
Key People:Gerhard Hirth, Klaus Bauer, Peter Frank Koep
Num Employees:300 (expected 2010/2011)
Homepage:www.ohorongo-cement.com

Ohorongo Cement is a cement factory on farm Sargberg near Otavi in the Otjozondjupa Region of Namibia. It is one of two Namibian cement factories and has a production capacity of 0.7Mt per annum.[1]

The ground breaking ceremony for the construction of the plant was held in January 2009.[2] A roof wetting celebration took place in February 2010, when the preheater tower reached its final height of 109 meters.[3] Production started in December 2010.

Initially wholly owned by the Schwenk Zement KG,[4] Ohorongo states that ownership is to be transferred to Namibian institutions over time.[5] In 2019, Schwenk still owned 69.83%, with the Development Bank of Namibia the largest minority shareholder. After the 2018 production start of Cheetah Cement, a second, larger, cement factory nearby, Schwenk offered its shareholding for sale.[1] A 2019 acquisition offer by investment company West China Cement, however, was turned down by the Namibian Competition Commission because West China already owns Cheetah Cement.[6]

References

  1. News: Schwenk Zement to exit Namibia . International Cement Review . 15 March 2019 .
  2. Web site: First Step to Ohorongo Cement Production Process [[Namibia Economist]] 6 Feb 2009 . 9 March 2010 . 16 July 2011 . https://web.archive.org/web/20110716150054/http://www.economist.com.na/index.php?option=com_content&view=article&catid=539:general-news&id=10740:first-step-to-ohorongo-cement-production-process-&Itemid=60 . dead .
  3. http://www.republikein.com.na/politiek-en-nasionale/preheater-is-one-of-the-tallest-buildings-in-namibia.101907.php Preheater is one of the tallest buildings in Namibia
  4. News: Billions flow for Ohorongo Cement . Duddy . Jo-Maré . 18 November 2009 . .
  5. Web site: About Us . Ohorongo cement . 30 November 2020.
  6. News: Competition Commission turns down Chinese offer to buy Ohorongo . Informanté . 4 August 2020 .