[2019-06-13] Chinese investors spend US$700 million on building a cement factory in Mozambique
Chinese investors will spend US$700 million to build a cement plant with a nominal capacity of 500,000 tonnes in Mozambique, with work expected to start in 2021, daily newspaper Correio da Manhã reported.
The newspaper said that the Cimentos de Sofala, Lda. plant is due to be built in Muxúnguè, Chibabava district, in the south of the Mozambican central province of Sofala, and the works will begin in the third quarter of 2019.
Zheng Peng, the company’s representative, told the newspaper that the investors plan to supply the local market with Portland cement, in addition to exporting the product to neighbouring countries Malawi and Zambia.
The construction of the factory is expected to require 600 workers, mostly Mozambicans, and when in operation the unit should have a workforce of 200 people.