Tanzania government in talks with Sinoma and Hengya Cement to build US$1bn plant

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Tanzania: Industry, Trade and Investment minister Charles Mwijage says that senior officials from the Treasury and Tanzania Investment Centre (TIC) are finalising talks with China’s Sinoma and Hengya Cement about building a US$1bn cement plant in the Mkinga District, Tanga Region. The discussions are focusing on incentives to be offered to the investors and the location of a jetty, according to the Citizen newspaper. The plant will have an initial cement production capacity of 2.5Mt/yr with an eventual target of 7Mt/yr following further investment. Future plans also include generating 1200MW of electricity at the site. The overall cost of the expanded project is forecast to be US$2bn.

Last modified on 06 December 2017

URL: https://www.globalcement.com/news/item/6822-tanzania-government-in-talks-with-sinoma-and-hengya-cement-to-build-us-1bn-plant

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