This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tribert Rujugiro Ayabatwa: Record Production At Burundi Cement

BUJUMBURA, Burundi, March 15, 2013 /PRNewswire/ -- Burundi's first and only cement producer, the Burundi Cement Company (BUCECO), doubled its production and profits in its first two years of operations and is expected to reach capacity later this year, founder and owner Tribert Rujugiro Ayabatwa announced today.

BUCECO, which began production in January 2011 and employs 80 people, produced 70,500 tons of cement in 2012 compared to 34,500 tons in 2011. The factory's profits have also skyrocketed: in 2012, its profits were $31.4 billion Burundian francs (BIF) or $22 million USD, compared to $12.9 BIF ( $10 million USD) in 2011.

Ayabatwa said BUCECO provides an essential product to a country with significant infrastructure needs.  He said it is no surprise the company has been so successful in a short time: the cement BUCECO produces is less expensive and of better quality than cement imported from nearby East African nations.

"BUCECO is providing a key product to Burundi and is improving Burundians' quality of life," Ayabatwa said. "Clearly, this country has great demand for high-quality, affordable cement and we are delighted that BUCECO can help meet the need."

Before BUCECO was operational, Burundi imported all of its cement from other East African countries including Uganda, Kenya and Tanzania. The factory's current capacity is 100,000 tons of cement per year; BUCECO is already eyeing an expansion and installation of a new raw material plant to double that capacity.

On average, a 50-kilogram bag of BUCECO cement costs $16 USD, about $1 less than the imported product. 

"We offer a high-quality product and a great price to meet national demand," BUCECO Managing Director Aime Mananda said. "We are working harder than ever to make this essential product available to Burundi."

Like all of Ayabatwa's companies, philanthropy is central to BUCECO's mission. The company has donated cement to nearby communities to help improve roads, build a sports stadium, upgrade government buildings, and construct churches and housing.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs