The chief executive of CIMERWA, a Rwandan cement manufacturer, announced that the company plans to invest about $190 million to build a clinker plant, which is expected to operate within two years and produce 60,000 tons of clinker per month. After the plant is put into operation, it will save Rwanda about US $2.88 billion in foreign exchange expenditure in the next 25 years, and also enable the country to become a net exporter from a clinker importer. In the nine months ended June 30, 2025, the company's revenue increased by 50%, but its pre-tax profit decreased by 23%, mainly due to the increase in input costs and the depreciation of Lurang. The purpose of building the clinker plant is to solve the import dependence, meet the local demand and export. The company has confidence in its future development.
2025-10-16 14:20:16