$4.80M CEMENT PLANT COMING

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Laf1986

Messages: 3153

Inscription: Jeu 30 Juil 2009 19:54

Message Mar 4 Déc 2018 15:36

$4.80M CEMENT PLANT COMING

Construction of a 4-hundred and 80-million-dollar cement plant in Ndola will commence next April after the signing of a financing agreement today.

The agreement has been signed between Central African Cement Company -CAC- and China Building Materials Industries -CBMI- who have a 51 percent stake.

CAC are putting in 85percent of the cost while Zambia Consolidated Copper Mines Investment Holdings -ZCCM – IH- will put in 15 percent equity of its 49 percent stake.

CAC Chairperson Willie Sweta says the plant will produce 2-million tons of cement annually and five thousand tons of clinker a raw material for producing cement daily.

Mr. Sweta says the plant will also be generating 50 Megawatts of thermal electricity alongside electricity generated from heat waste.

He said the three-month construction period will see 1-thousand jobs being created while 5-hundred permanent jobs will be created at production stage.

Mr. Sweta is optimistic that the plant will contribute to economic development of Zambia as it will lead to a decline in cement prices and growth of the real estate industry.

And CBMI Chairperson Tong Laigou has expressed confidence in CAC bringing the biggest cement plant in Zambia to life.

He says CBMI which built Sinoma cement plant in Zambia has over 60 years’ experience and has built over 100 cement plants across the world.

Meanwhile, ZCCM-IH Chief Executive Officer Pius Kasolo says the investment in the plant is part of the company’s diversification agenda from copper to cement production and power generation.

Dr. Kasolo said the venture is a reflection of strong development ties between Zambia and China.
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mbury

Messages: 999

Inscription: Sam 19 Sep 2009 09:49

Localisation: Nord de l'Alsace, dans le Parc Régional des Vosges du nord

Message Mar 4 Déc 2018 18:40

Re: $4.80M CEMENT PLANT COMING

N'dola et Investrust ...bis? Je reste dubitatif...trop de coups foireux déjà (pour ZCCM-IH, j'entends)...

Retourner vers ZCCM-IH

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