Turkey’s Limak Holding Group, says it has began constructing a $40 million cement plant in Maputo, Mozambique, which will have an installed capacity of 2 million tons per year.
The company said in a statement emailed to APA on Wednesday that this cement plant is expected to start production in the first quarter of 2016.
Limak’s operation director, Serdar Bacaksiz, said the group has been closely monitoring the African market and that investment in Mozambique could increase to $150 million to increase production to meet demand.
Besides Mozambique, in November the group will start constructing another cement plant in Ivory Coast, in which it plans to invest $55 million.
Limak Holding is a Turkish conglomerate group working in construction, energy, cement and tourism, and its subsidiaries are Limak Cement, Limak Energy and Limak Tourism Group.