Ohorongo inks local deal

Ohorongo Cement MD Hans-Wilhelm Schütte has urged Namibians to always be on the lookout for business opportunities, especially in the manufacturing sector.

11 July 2018 | Business

Ohorongo Cement has entered into an agreement with a local packaging company that is expected to supply 1.2 million empty cement bags by the end of August.

Kaptau Packaging, established in 2013 but which only started its operations in 2017, is said to the first Namibian company to manufacture cement bags.

The two companies signed the agreement yesterday at Oshakati.

Kaptau is now expected to manufacture and supply 1.2 million cement bags to Ohorongo by the end of August, as part of their five-year deal. The company manufactures about 10 000 cement bags per day.

Ohorongo previously only imported their bags from neighbouring South Africa. Kaptau Packaging executive chairman, David Namalenga, said they are happy to supply the cement bags, adding his company derived its existence from Ohorongo.

“We were born to supply Ohorongo Cement,” Namalenga said. He added they plan to keep the agreement alive for many years to come. “We will make sure this agreement is sustainable in the long-term. Through this we will employ more people and make a mark in the Namibian manufacturing industry,” Namalenga said.

Currently, Kaptau Packaging only manufactures the bags in Oshakati, where 25 permanent staff are employed. Ohorongo Cement managing director Hans-Wilhelm Schütte could not contain his excitement about the agreement, saying the existence of the company provides many opportunities for Namibians.

“Credit must go to Kaptau for making this day a success. At Ohorongo we believe in industrialisation and the production of products in Namibia and what we signed today with Kaptau is evidence that Namibians can do what people in other countries can do,” Schütte said. “We believe in growth at home, as we try to meet what is outlined in Vision 2030 and NDP5 (the Fifth National Development Plan.” Schütte added they will continue to import and that it is too early to determine whether the cement bag imports would be reduced.

“As we are speaking now, there are already cement bags produced by Kaptau being filled with cement. When it comes to quality, we don't compromise on that, even on the quality of our cement; we are focused on producing quality cement for our consumers,” Schütte said. He called on Namibians to always be on the lookout for business opportunities, especially in the manufacturing sector.

KENYA KAMBOWE

Similar News

 

Bitcoin sinks to new 13-month low

22 hours ago | Business

Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching US$5 173.23 on the Bitstamp platform. Bitcoin was last down 5.2%...

Capricorn excels at integrated reporting

22 hours ago | Business

Capricorn Group scooped the Best Regional Company Award at the Annual Integrated Reporting Awards 2018 hosted in Johannesburg by Chartered Secretaries Southern Africa in partnership...

Company news in brief

22 hours ago | Business

Rio Tinto, Nespresso join forcesNespresso, part of food giant Nestle, aims to use sustainable aluminum in all of its coffee capsules by 2020 under a...

Angola battles to revive oil exploration as output declines

1 day - 19 November 2018 | Business

Stephen Eisenhammer – Last Saturday, nearly two decades after securing the initial rights, Total's CEO Patrick Pouyanné was in Luanda to snip the ribbon on...

Thousands die yearly because of fake drugs

1 day - 19 November 2018 | Business

Sofia ­ChristensenWhen Moustapha Dieng came down with stomach pains one day last month he did the sensible thing and went to a doctor in his...

Oil rises on expected OPEC cuts

1 day - 19 November 2018 | Business

Henning ­GloysteinOil prices rose on Friday amid expectations of supply cuts from OPEC, although record US production dragged.Brent crude oil futures were at US$67.49 per...

Joining forces

4 days ago - 16 November 2018 | Business

This was confirmed by Andre Neethling, director of Noric Otavi. Nedbank will assist with the financial structuring of the project and the raising of both...

Green exhibits at AfricaCom

4 days ago - 16 November 2018 | Business

Green Enterprise Solutions was the only Namibian company to exhibit at AfricaCom 2018 in Cape Town this week.This was a significant step, as it shows...

Company news in brief

4 days ago - 16 November 2018 | Business

Uber posts US$1 bln lossUber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6% in the latest...

Owning a small business not for the faint of...

5 days ago - 15 November 2018 | Business

Laurence Theron, born in Swakop and living in Walvis Bay, says it's getting tougher for small and medium (SME) size businesses to survive.Theron would know.His...

Latest News

Everyone is struggling

22 hours ago | Social Issues

Poverty eradication minister Zephania Kameeta has slammed those who criticise the government's food bank initiative, saying even those critics with so-called good salaries are finding...

Kahimise, City showdown today

22 hours ago | Government

The Windhoek High Court is today set to hear arguments from twice-suspended Windhoek CEO Robert Kahimise, who is battling to be reinstated. Kahimise, who was...

China: ‘No developing country will...

22 hours ago | Economics

BEIJING - China's foreign ministry said on Sunday that no developing country would fall into a debt trap simply because of its cooperation with Beijing.Chinese...

Bitcoin sinks to new 13-month...

22 hours ago | Business

Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching US$5 173.23 on the Bitstamp platform. Bitcoin was last down 5.2%...

A toast to success

22 hours ago | People

Tunohole Mungoba After completing her entrepreneurship and new venture management studies at the University of Namibia (Unam), 24-year-old Anna Shuuya started pondering different business ideas.I...

Huge wage bill unsustainable

22 hours ago | Columns

Bank of Namibia governor Iipumbu Shiimi has become the latest official to speak out against the rampant state wage bill, which currently stands at almost...

Date nights with yourself

22 hours ago | Opinion

Elizabeth JosephI know it sounds crazy; like who in their right mind would sit in a restaurant, order a three-course meal and eat it all...

Good Business

22 hours ago | Banking

The Development Bank of Namibia (DBN) held its annual Good Business Awards and Innovation Award ceremony in Windhoek on Thursday evening. The black-tie event saw...

Shack fires bring death, misery

22 hours ago | Accidents

Katrina Immanuel (9) and her brother Thomas (8) were burned beyond recognition after their shack caught fire during the early hours of Sunday morning at...

Load More