Ohorongo Cement

Ohorongo cement (English Ohorongo Cement, usually only briefly Ohorongo ) 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 about 320,000 tons of cement is necessary. In addition, about 380,000 tons for export to neighboring countries are produced.

History

After the construction of the " Cheetah Cement " factory in Otjiwarongo failed 2008 Ohorongo is the only cement factory in the country.

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

Beginning of October 2010 was unloaded the first load of 30000 tons of coal in the port of Walvis Bay from a cargo ship from Maputo in Mozambique. From there, the coal was transported by truck from the nearby National Road B1 and after their completion on a siding of the railroad Otavi - Tsumeb to the factory.

In December 2010, has already begun production.

2011, a 3.2 km long route track was opened, linking the factory with the network of the Trans Namib. The track branches off north Otavi on the Otavibahn. Shunting by means of a two-way vehicle from the Italian manufacturer Zephir.

Ownership structure

Ohorongo was founded as a 100 % subsidiary of the pivot cement. In early 2011 it was announced that the Namibian Development Bank has joined with 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. 20 % of the shares are owned by the Industrial Development Corporation, while the Development Bank of Southern Africa holds a further 7.5 %. 60 % of the shares are still held by pivoting. The remaining 2.7% is to be sold at a later time.