Kolos Madagascar begins importing cement and announces grinding plant plans

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Madagascar: Kolos Madagascar has begun importing cement to Madagascar with the aim of staking out a claim in the country’s growing cement demand, which was 1Mt/yr in 2020. The producer says that this figure represents 7% decade-on-decade growth from 935,000t in 2010.In 2020, full-year domestic cement production stood at 150,000t. The L’Express newspaper has reported that the producer intends to establish its own grinding plant in the country. It expects to complete the plant’s feasibility study andnecessary research and obtain environmental and operating permits by April 2023 in order to commission it before 2024.

Kolos Madagascar general manager Tsiry Rasolonjatovo said that ‘quintupled’ sea freight costs were the primary cost of a rise in Madagascan cement prices. He explained “International cement prices haven't budged that much.”Rasolonjatovo added “Madagascar spends US$76m/yr to serve its cementneeds, and another US$7.6m/yr is swallowed up by additional transport costs." He estimated that, along with the realisation of other companies’ planned projects, Kolos Madagascar’s upcoming grinding plantwill increase Madagascan-produced cement’s share of domestic deliveries to 80% from 16%.

Kolos Madagascar is a subsidiary of Mauritius-based construction company Gamma Civic.

URL: https://globalcement.com/news/item/13098-kolos-madagascar-begins-importing-cement-and-announces-grinding-plant-plans

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