Sino-Zim Relations Strengthened with USD 1 Billion Cement Plant Investment
A landmark USD 1 billion investment by two Chinese companies in a cement manufacturing plant in Zimbabwe marks a significant step in strengthening Sino-Zimbabwean economic relations.
In a major boost to the Sino-Zimbabwean economic relationship, two Chinese companies, West International Holding Limited and Labenmon Investors (Pvt) Limited, have sealed a USD 1 billion agreement. This investment is directed towards constructing a grinding plant in Bulawayo, Zimbabwe, with an annual production capacity of 900,000 tonnes.
During the signing ceremony, Wang Fayin, President of West International Holding Limited, highlighted the project's potential to bring substantial economic benefits to Zimbabwe. The project includes a new dry-process clinker cement production line with an annual capacity of 2.7 million tonnes, equipped with a 100 MW power generation unit and a cement grinding station.
This initiative is expected to significantly increase cement production capacity in Zimbabwe, exceeding 2 million tonnes upon completion. It aims to meet the local demand for high-quality cement and high-calcium white ash, reducing the need for imports and supporting infrastructure construction, industrial smelting, and agricultural development.
The project is also set to create over 5,000 jobs for the local community, contributing to Zimbabwe's national economic development. The construction plan will adhere to themes of intelligence, environmental protection, green technology, and industry-leading practices.
West International Holding Limited has a notable presence in Africa, with investments in Uganda, Ethiopia, Mozambique, Angola, and the Democratic Republic of the Congo.
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