Chinese to set up plant in Zimbabwe
Chinese firm, Sino-Zimbabwe would establish a multi-million dollar cement-producing plant in the Nyanda mountain range, along the Masvingo-Beitbridge Highway, Masvingo, Zimbabwe. In addition to setting up the plant, Sino-Zimbabwe has also pledged to set up a residential area near the cement-making plant to house an anticipated 4000-plus workforce of the company. The setting up of the cement-making plant follows the discovery of massive deposits of limestone, a key element in the manufacture of cement, in the Nyanda mountain range, about 15 km southeast of Masvingo. Alderman Femius Chakabuda, Masvingo mayor hailed the Chinese investor Sino-Zimbabwe for deciding to do business in Masvingo, and said that the council was geared for the massive investment which was likely to change the economic face of Masvingo in an unprecedented way. "Work on the plant is expected to start any time soon after we have tied up the loose ends of the deal, which I can say is as good as done," said Chakabuda. The mayor said among the guarantees the council had given to Sino-Zimbabwe was the supply of about 30 megalitres of water required for its cement plant.