Dr. Kasolo
Dr. Kasolo

Central African Cement Company and Sinoma CBMI have signed an agreement to set up a cement factory in Ndola at the total cost of 480 Million United States Dollars.

Central African Cement Company Chairperson, Willie Sweta said the singing of the agreement is a great milestone in fostering the country’s economic agenda.

Mr. Sweta explained that the cement producing plant will be set up in Ndola and will be one of the largest factories in Zambia.

He said once the activities commence 2 million tons of cement will be produced per year.

Mr. Sweta said this after the signing ceremony between his firm and Sinoma CBMI in Lusaka today.

He further disclosed that 1000 jobs will be created during the construction phase.

Meanwhile, ZCCM-IH Chief Executive Officer, Pias Kasolo said construction of the cement plant will commence in April 2019.

Dr. Kasolo explained that his firm will own 35% shares while, Sinoma CBMI will own 65% shares.

He pointed out that the project will see reduction in the price of cement thereby, providing an opportunity for people to build decent houses.

And Sinoma CBMI Company Limited Tang Laigou said the investment is key to the development of the Country.

Mr. Laigou hailed the Zambian government through the Ministry of Finance for the relentless support to his firm.

Sinoma CBMI Company Limited has done successful projects in Spain where the firm Constructed Spain Malaga FyM Cement Plant, Morocco Settat Cement Company in Morocco and CNBM Zambia Industrial Plant among others.

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21 COMMENTS

  1. That’s PF for you …they watched Dangote set up his factory praised him as a template African investor, then five years down the line they decide to open a similar factory next to his business and take away all his business. I hope Dangote is doing business with DRC and East Africa.

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    • Let’s develop this thing! It is UNELECTABLE! “blur, blur, blur BUT,”… The TRIBAL PARTY of No-s.

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    • There are number of unexplained things in this deal! Firstly, CACC partnering with Sinoma and the 65% shares will be in the hands of the latter (Chinese partner). I thought Sinoma was only a building contractor or they are doing both in this case?

      Secondly, as someone put it, the rug is being pulled from the feet of Ndola Lime Co. and Pius Kasolo its boss is taking away its potential business? The NLC has had on its growth strategies for years to build a cement plant in the same Chiwala area. Larfarge, Dangote and Zambezi Portland colluded to have those NLC ambitions halted and now we know what is happening with NLC!

      Willie Sweta, the smooth talking Luvale and chair of CACC, did not leave a good record at the Ministry of Mines when he served as Director of Mines. I know as I worked…

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    • @1 Jay Jay, Dangote also found other players in the market but he entered to compete! So let there be more competition, at least for this company Zambian Government has shares. The Chinese have a long term perspective, they know that even if the DRC can produce cement, it will still need to import as it is poised for big infrastructure projects like the Grand Inga Dam, the Lubumbashi – (Kasai)- Kinshasa highway to name but a few,projects that will still be implemented by China!!How I wish we could have a big manufacturer of Copper cables,electric motors and other derivatives from Copper and Cobalt come on the seen to add value to our minerals to create meaningful manufacturing jobs!!

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  2. why not partner with Ndola lime? recently we head that Ndola lime has been placed under business rescue plan. are these the fruits?

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  3. What has happened to mealie meal. I’ve never heard any stories for the past 5 months. These are the issues opposition should be wasting there energies on rather than the challenger. Someone sees a plane on its routine maintenance ati the president has left the country. More cement factories are needed. A bag of cement should be as low as k10 by 2021.

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  4. But how come the cement prices are very high but they are using our sand to make cement which they are buy from, chambeshi town from the copperbelt and per tonne they are buying at 35$ from the Chinese.

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  5. That will bring the cement plants in Ndola to 3. Dangote, Zambezi and this one. Why not other areas esp the North Western Province which has seen many copper mines being set up. Limestone is in abundance in that region as well

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  6. Well, and the cement prices don’t even go down….what the heck is the advantage of this rubb1sh if i may ask? Nayaa inee

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  7. The fact of the matter is that this plant is not more than 100million dollars to built. so someone will make a huge amount of money in the building process by over invoicing the plant and machinery.The cement won’t be cheap as servicing this loan would be very costly.Secondly the raw material will come from the already mined
    limestone which is lying as a waist from the ndola lime company.Would be interesting to know who are the real
    share holders behind the seen and what is there ultimate game plan.

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