Turkish company to build cement factory in Maputo area

Turkish company Limak Holding

(2015-06-23) The  has promised to invest 150 million US dollars in a cement factory in Mozambique that will have the capacity to produce two million tonnes of cement a year.

Speaking in Maputo on Monday, at a meeting with the Mozambican Minister of Industry and Trade, Max Tonela, the founder and chairperson of Limak Holding, Nihat Ozdemir, said that his company could guarantee at least 500 jobs in the first phase of the factory, to be built in the Maputo area.

That phase will involve investment of 38 million dollars in the first quarter of 2016 in a complete production line, and the factory could then produce 600,000 tonnes of cement a year. A second phase will see rail lines built as the main form of access to the factory, and Ozdemir said the factory’s production capacity would be more than trebled.

Ozdemir said that Limak is also interested in entering the Mozambican energy sector, and later intends to assess the viability of investment in ports, railways and tourism.

Tonela thanked Ozdemir for the decision to invest in Mozambique. “Our role as a government is that of a facilitator”, he said. “You can rely on our support for implementing your initiative sin Mozambique, particularly in cement production, since currently our country is a net importer of cement”.

Inside Turkey, Limak has major interests in construction, cement, electricity and tourism. Among the other countries it is currently investing in are Egypt, Pakistan, Saudi Arabia, Albania and Macedonia.

Ozdemir is one of the richest men in Turkey, listed as a billionaire in the “Forebes” business magazine.

Source: AIM

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