Displaying items by tag: Burundi Cement

Burundi: The government is preparing to allow imports of cement into the country for a designated period in an effort to tackle rising prices. The cabinet announced the plan following a difference being recorded between reference prices and the actual market price, according to the East African newspaper. The measures will also allow for sugar imports. Local cement producer Burundi Cement Company (BUCECO) has called for the government to start a price review first before relaxing import rules. It wants to increase its prices due to growing raw material and transport costs.

Burundi: The Ministry of Commerce, Industry and Tourism has asked the Burundi Cement Company (BUCECO) to hold a consultation with the government about price rises the company announced at the end of December 2021. It also requested that the cement producer suspend the change in prices, according to the Le Renouveau newspaper. In correspondence the ministry reminded the company that it had benefited from tax and customs breaks previously agreed with the government under the Burundian Investment Code.

Burundi: Burundi Cement Company (BUCECO) doubled its production and profits in its first two years of operations and is expected to reach capacity later in 2013, according to its founder and owner Tribert Rujugiro Ayabatwa.

Burundi's first and only cement producer, which employs 80 people, began production in January 2011. It produced 70,500t of cement in 2012 compared to 34,500t in 2011. It made a profit of US$22m in 2012 compared to US$10m in 2011.

"Clearly, this country has great demand for high-quality, affordable cement and we are delighted that BUCECO can help meet the need," said Ayabatwa.

BUCECO's cement plant has a production capacity of 100,000t/yr and the producer has plans to double its capacity. Before BUCECO was operational, Burundi imported all of its cement from other East African countries including Uganda, Kenya and Tanzania.