Indian interest in Congo plant investment

Indian interest in Congo plant investment
21 January 2015

The Republic of Congo is expected to add a further cement plant to its production base, according to local news service, Star du Congo.

The president of India-based Seftech, Mahesh Chaturved, will be meeting the country’s Minister of Industrial Development and Private Sector Promotion, Isidore Mvouba, to discuss plans to build a 600tpd (0.198Mta) works in Louteté with the option for a further cement works in Hinda, Kouilou province.

The project represents an investment of XAF27.5bn (US$48.5m) and will be financed by an Eximbank credit line.

Published under Cement News