Jidong, South African cement plant joint venture
A Chinese-South African joint venture will build a 2500tpd cement plant in South Africa at an investment of US$221m.
China’s Jidong Development and the China-Africa Development Fund will hold 51 per cent of the venture.
South African investment group Women Investment Portfolio Holdings, or Wiphold, and limestone miner Continental Cement will hold the remainder.
The plant will be constructed and operated by Jidong, the companies said in a statement. Published under Cement News
