WIPHOLD has a 23.9% shareholding in Mamba Cement, one of South Africa’s newest entrants into the competitive cement industry, following the completion of a R1.6 billion cement production facility near Northam in Limpopo Province in 2016.
Mamba Cement uses a unique waste heat recovery system, making it one of the lowest-cost producers in the local industry. The cost advantages, as a result of using innovative and energy efficient technology, are being leveraged to gain market share from competitors that rely on decades-old technology and facilities. The new plant is also in close proximity to the core inland cement market in South Africa.
Other stakeholders include African Rhino Cement and Continental Cement. African Rhino Cement is a joint venture between the state-owned China-Africa Development Fund and long-time WIPHOLD partner, Jidong Cement, the largest cement producer in north China. In 2006, Jidong Cement assigned distribution rights to WIPHOLD – and we developed an enduring relationship that enabled WIPHOLD to gain a deeper understanding of the industry and local and neighbouring markets. Based on this experience, Jidong Cement was a natural choice for a technical partner. Jidong’s position as both a cement producer, and a leading manufacturer of cement plants makes this an exciting investment opportunity.
Our long-term investment horizon is evident not only in our commitment to Mamba Cement’s future prospects but also in the five-year project development cycle. The conceptualisation of the new plant was announced in 2010, with production commencing in November 2015. The cement project was also the first project of its kind to be funded on a limited-recourse project finance basis.
Investment name:
Mamba Cement
Sector: Infrastructure
Shareholding: 23.9%
Rationale for the investment:
To participate meaningfully in
the cement value chain
Mamba Cement uses a unique waste heat recovery system, making it one of the lowest-cost producers in the local industry.
Investment name:
Mamba Cement
Sector:
Infrastructure
Shareholding:
23.9%
Rationale for the investment:
To participate meaningfully in
the cement value chain
Mamba Cement uses a unique waste heat recovery system, making it one of the lowest-cost producers in the local industry.
WIPHOLD has a 23.9% shareholding in Mamba Cement, one of South Africa’s newest entrants into the competitive cement industry, following the completion of a R1.6 billion cement production facility near Northam in Limpopo Province in 2016.
Mamba Cement uses a unique waste heat recovery system, making it one of the lowest-cost producers in the local industry. The cost advantages, as a result of using innovative and energy efficient technology, are being leveraged to gain market share from competitors that rely on decades-old technology and facilities. The new plant is also in close proximity to the core inland cement market in South Africa.
Other stakeholders include African Rhino Cement and Continental Cement. African Rhino Cement is a joint venture between the state-owned China-Africa Development Fund and long-time WIPHOLD partner, Jidong Cement, the largest cement producer in north China. In 2006, Jidong Cement assigned distribution rights to WIPHOLD – and we developed an enduring relationship that enabled WIPHOLD to gain a deeper understanding of the industry and local and neighbouring markets. Based on this experience, Jidong Cement was a natural choice for a technical partner. Jidong’s position as both a leading manufacturer of cement plans and a cement producer makes for an exciting investment opportunity.
Our long-term investment horizon is evident not only in our commitment to Mamba Cement’s future prospects but also in the five-year project development cycle. The conceptualisation of the new plant was announced in 2010, with production commencing in November 2015. The cement project was also the first project of its kind to be funded on a limited recourse project finance basis.