Lalibela Cement S.C is to construct a plant in the Amhara Regional State, Ethiopia. The company is confident that the regional government will approve the request for a 60 hectare land plot for the construction said Serawit Amene, General Manager of Lalibela.

Lalibela selected the Eastern Gojam Zone of the Amhara Regional State because of the large scale availability of raw material for cement production and it’s proximity to Addis Ababa and Sudan he said.

the company expects to complete the construction project for the plant by 2014 according to Serawit.

Lalibela aims to produce Ordinary Portland and Portland Pozzolana Cement.

The cement company has issued an international invitation for consultancy work although it is yet to float a tender for the construction of the factory said Serawit. Lalibela has been in discussion with European, Asian and North American firms in regards to the construction of the cement factory.

The company has so far not advertised the sale of shares although they can be purchased from Abay Bank branches.  Lalibela expects to acquire 40 per cent of investment from bank loans and to raise the difference from selling shares internationally. It has issued 264 thousand shares each worth 5000 birr for this purpose. 

INTERCEM - The world's leading international cement industry conferences.