Mozambique: Limak Holding has started the construction of its 2Mt/yr cement plant in Maputo. The plant is scheduled to come into operation in the first quarter of 2016.
Serdar Bacaksız, a Limak Holding board member, said that the company has been closely monitoring the African market for a long time and might increase its investment by up to US$150m if needed. Underlining that Mozambique falls short of satisfying the rapidly-increasing demand for cement, Bacaksız said that the country offers major incentives to foreign investors, as it needs new investments in all fields.
Limak Holding is also set to lay the foundations of a cement plant on the Ivory Coast in November 2015 with an investment of US$55m. "We plan to open it in 2016," said Bacaksız, adding that the company will continue to seize different opportunities in the region. Limak Holding aims to achieve a turnover of US$3bn by the end of 2015.