Prime Cement Board Chair discusses company’s future plans
Prime Cement, one of the largest producers of cement in Rwanda, recently held its first board meeting two years since its inception. CNBC Africa spoke to Eva Zigiriza, the company’s board chair to understand the outlook of the company and cement business.
Thu, 28 Jul 2022 15:28:22 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Focus on supply chain strength and local performance to drive market dominance
- Expansion plans to increase production capacity and meet growing market demand
- Confidence in future demand driven by Rwanda's rapid growth and regional prospects
Prime Cement, one of the largest producers of cement in Rwanda, recently held its first board meeting in two years since its inception. CNBC Africa spoke to Eva Zigiriza, the company's board chair, to understand the outlook of the company and the cement industry. The meeting aimed to educate board members on the business operations, focusing on supply chain strength and local performance. Zigiriza emphasized the importance of strengthening relationships with suppliers to ensure market dominance. She highlighted Prime Cement's eco-friendly production, making it the first facility in Rwanda to produce cement sustainably. The company has reported profits from local and regional sales, with plans to increase production capacity to meet market demand. Despite facing competition from imports and existing manufacturers, Prime Cement's quality product sets it apart. Zigiriza attributed the success to the market demand, raw material availability, job creation, and contribution to the economy through taxes. The company's expansion plans align with Rwanda's rapid growth, especially in infrastructure development and industrialization. Zigiriza expressed confidence in the future demand for cement, driven by ongoing national and regional growth prospects.
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