Ohorongo Cement living up to its promise
Namibia’s sole cement maker, Ohorongo Cement, is living by its promise of supplying the highest quality products as well as building solid business relationships with various stakeholders.
Recently, the cement company, held an event to celebrate one million tonnes of cement produced, distributed and sold for the period until end of March 2013.
Ohorongo Managing Director, Hans-Wilhelm Schütte, made the announcement at a recent media function held in the capital, Windhoek.
Ohorongo Cement, situated at farm Sargberg near the town of Otavi in the Otjozondjupa Region, is considered Africa’s most modern plant boasting state-of-the-art equipment and modern technology.
The main shareholders are Schwenk Namibia (Pty) Ltd which has a majority 62.3 percent shares, the Industrial Development Co-operation with 20.16 percent shares, Development Bank of Namibia 10.08 percent equity, and the Development Bank of South Africa with 6.55percent stake. The DEG, EIB and DBSA have 40 percent equity and 60 percent debt.
Besides supplying the ever-growing Namibian market, Ohorongo also exports to Botswana and Angola, although the base is still low, sales are increasing month to month, Schütte said.
“We are confident that 2013 will be much better than 2012 considering the Namibian economy and currentlist of planned Government projects” development projects,” he said.
On the exports front, the Ohorongo management is happy to report that cement exports, especially to Angola have picked up since 2012, owing to the Angolan government´s decision to invest in major facelifts and reconstruction of its towns and cities.
Schütte noted that through outsourcing, down-stream activities and progressive procurement policies the company is responsible for the creation of a further 2 000 jobs in the local economy.
In addition, all raw materials required for the production process are sourced in Namibia and the entire value chain takes place within the country.
On corporate social responsibility, Ohorongo Cement is contributing to the well-being of the community of Otavi. It has established the Ohorongo-Otavi Community Trust (OOCT) in collaboration with Support through which the company, in consultation with the Otavi community, works to improve living conditions of the people living in Otavi and the region.
The OOCT trust focuses on the infrastructure, education and health care needs of the community within the Otjozondjupa Region.
The company also donated an ambulance valued at N$348 000 to Otavi town in aid of Otavi Health Clinic through a working partnership with the German charity organisation Support e.V.
The trust, together with the Support e.V, has to date made donations worth R2.4 million to various initiatives in Otavi, as well as the nearby mining town of Tsumeb in the Oshikoto Region. Past donations included sunscreen creams and the setting up of an Albino corner, donations of hospital and specialised medical equipment, as well as wheelchairs and walking frames to the Tsumeb Private Hospital.