March 3, Kodak Manufacturing, a listed company with high attention in the capital market, issued another important announcement recently, saying that it would invest about 600 million yuan to build a glass project in Tanzania, Africa, and implement the category expansion of the main overseas building materials industry.
The announcement shows that based on the consideration of the consumption of building glass in East African countries and the import substitution of local production capacity, Kodak Manufacturing will invest 86.7627 million US dollars (about 598 million RMB) in the construction of Tanzanian building glass production projects, of which 34.7627 million US dollars will be invested by the local project implementers in Tanzania. A loan of US $52 million provided by a commercial bank or financial institution.
Kodak Manufacturing said that this foreign investment is a major strategic measure for the company to actively implement the "big building materials" strategy in the overseas building materials sector, make full use of the company's channel coordination advantages in Africa, and promote the horizontal expansion of overseas building materials business from building ceramics to sanitary ware, building glass and other related diversified fields, so as to achieve the sustainable development of overseas building materials business.
Benefiting from the double dividends of urbanization and population in East Africa, glass projects have huge growth space.
It is reported that the total population of Africa in 2021 is about 1.2 billion, of which sub-Saharan Africa is the fastest growing region. Limited by economic development, the per capita use of ceramics, sanitary ware, building glass and other building materials in Africa is lower than global average, and mainly depends on imports, without local production capacity. At the same time, the urbanization rate of Tanzania in 2021 is 36%, which is increasing year by year. With the urbanization development of neighboring countries, it is expected that the demand for building materials will continue to grow in the future.
Therefore, as a "follower" of urbanization in Africa, according to the latest periodic report, Kodak Manufacturing has put into operation 14 production lines of building ceramics in Africa, and from January to September 2022, Kodak's output of building ceramics in Africa exceeded 84 million square meters. Its business is exported to Uganda, Malawi, Togo, Benin, Burkina Faso and other African countries.
In order to meet the increasing market demand in Africa, Kodak also disclosed in the announcement that it planned to invest 36.1104 million US dollars to build the second phase production line of Zambia Ceramic Production Project to further enhance the production capacity of building ceramics. It is expected that six building ceramics and sanitary ware projects will be put into operation this year.
At the same time, the Kodak Manufacturing project team to be set up in Tanzania to build building glass production projects, is another category of building materials to supplement the territory, in Africa's huge market space, the gradual release of demographic dividends and no local capacity, Kodak Manufacturing to enhance production capacity, accelerate the layout, expand the category and other multiple initiatives. It is expected to maximize the dividends of the African market and inject momentum into performance growth.
From ceramics to building materials,
public information shows that Kodak Manufacturing, which started with ceramic machinery, is the only domestic enterprise with the production and supply capacity of the whole line of building ceramic machinery. At present, the company's main business has expanded to the production and sales of ceramic machinery, overseas building materials, lithium-ion materials and equipment, and the main business has developed independently and has a strong momentum.
As a global layout enterprise, Kodak Manufacturing has laid out ahead of schedule, strategically extended its business overseas ahead of schedule, and gradually built up its global market competitiveness. Among them, the overseas building materials business is an important manifestation of Kodak's globalization achievements.
In recent years, under the opportunity of "the Belt and Road", Kodak Manufacturing has made rapid development in the African market with ceramics as its chess. At the end of 2015, Kodak established a joint venture subsidiary with Senda Group, a deep-ploughed African building materials trading enterprise, mainly engaged in ceramic tiles and other businesses. In 2016, Kodak's first ceramics factory in Kenya, Africa, was put into operation, and created the achievement of "starting construction in the same year, building in the same year, putting into operation in the same year, and making profits in the same year". In 2017, several ceramic factories in Ghana were put into operation. As a result, Kodak Manufacturing has gradually set up bases and self-built ceramic production lines in Ghana and other countries, and relying on Senda's extensive sales network in Africa, it has rapidly increased the market share of building ceramics business and achieved stable growth of building ceramics business.
In order to implement the strategy of "big building materials" and promote the localization of building materials in Africa, the company has officially landed in Ghana and Kenya to prepare sanitary ware projects, which are expected to produce 2.6 million pieces annually after completion. The Tanzanian building glass production project is an important deployment to promote product diversification and further realize the "African Large Building Materials Group".
Relevant personages pointed out that Kodak Manufacturing has accumulated rich experience in the African market after years of precipitation. In terms of channels, Kodak Manufacturing has a building materials business layout and team in five countries in Africa. The core members of the team have many years of production and sales experience, and have a full understanding of the project technology, design and the national conditions of African countries, which is conducive to the improvement of the company's operational efficiency in the African market and the profitability of the building materials business sector. In
this regard, Kodak Manufacturing has also publicly stated that the company will continue to take root in Africa, focus on the field of large building materials, on the basis of expanding and strengthening the business of building ceramics, expand product categories in multiple dimensions, accelerate the localization of various categories of large building materials in Africa, and promote the development of large building materials in Africa. To realize the transformation from a supplier of building ceramics to an internationally competitive building materials manufacturing industry group.
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