Zim China Relations: WIH signs corporation agreement with Labenmon Investments for the construction of new building materials Industrial Park in Zimbabwe
By Tendai Guvamombe
West International Holding on Wednesday 3 January signed a corporation agreement with Labenmon Investments Pvt Limited to construct a new building materials Industrial park in Zimbabwe.
President of West International Holding , Wang Fayin announced the development at a signing ceremony held in the Capital.
“Today, West International Holding signed corporation agreement to build the new building materials Industrial Park in Zimbabwe.”
The industrial park is planned to have a new dry process clinker cement production line with a projection of 2.7 million tons, equipped with 100 mega watts power generation unit and cement grinding station with an annual capacity of 900 tones.
President Wang Fayin hinted on the positive developments to the nation ranging from reduction of foreign exchange expenditure, agriculture development and the creation of 500 jobs.
“Upon full completion the project cement production will exceed 2milion tons solving local demand for cement. It will also reduce the foreign exchange expenditure caused by import of clinker and white ash while meeting the demand for infrastructure construction , industrial smelting and agriculture development.
“The project will create more than 5000 jobs for local communities and contribute to the national economic development of Zimbabwe.”
The first part of the project will be held in Karoi while the second part will be done in Bulawayo.
West International Holding is a subsidiary of Hong Kong listed company, West China Cement Limited, a multinational group enterprise integrating production and sales of cement, building materials, as well as industrial investment and enterprise management.
