Turkey's Limak Holding will enter the African cement market with a $50 million investment to build a plant in Ivory Coast with partner Afrikbat.
Limak will hold a 51 percent stake in the joint venture set up with Afrikbat and they aim to begin production in late 2015.
The plant will have a processing capacity of 1 million tonnes and will export to other African countries, Limak CEO Nihat Ozdemir said at a signing ceremony.
The ground-breaking for the plant is planned in December.
No comments:
Post a Comment