The newly constructed Livetouch Cement manufacturing plant in Redcliff near Kwekwe has began production, but on a low scale, the chief executive has said.
“We have started producing cement but its demand based. We are still testing the market but we are glad to note that we have attracted some big clients, among them construction companies as well as building materials supply companies,” chief executive, Wang Dongning said.
The plant was constructed at a cost of $10 million by Chinese firm Mortal Investments Manufacturing and trades as Livetouch Cement.
Dongning said the economic environment did not allow for mass production. The plant, which manufactures masonry cement, has a capacity to produce 400 000 tonnes of cement annually.
“We wait to see how the economy performs. But we aim to produce the (full capacity) 400 000 tonnes of cement in the next year or so,” he said.
Livetouch becomes the second cement manufacturer to set up shop in the Midlands after Gweru-based SinoZim.- The Source
(181 VIEWS)
This post was last modified on June 13, 2017 8:03 pm
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…