MAPUTO, May 26 (Xinhua) -- Mozambican President Filipe Nyusi inaugurated Wednesday a new cement and clinker factory, a joint venture with capital from China and Mozambique, in the district of Matutuine in Maputo province.
The "Mozambique Dugongo Cimentos" factory, with a total investment of 330 million U.S. dollars, is expected to contribute to the increase of cement supply in national market and the reduction of clinker imports, said the president at the inauguration ceremony.
The production of clinker will allow a reduction in imports of 360,000 tonnes per year, equivalent to 54 million U.S. dollars.
"The production of 5,000 tons of clinker per day and 2 million tons of cement per year will increase supply in the national market," said Nyusi, adding that it will contribute to containing price inflation and saving the costs of infrastructure construction.
We are pleased that the newly opened industry employs around 600 workers, said Nyusi.
"The enterprise emerges as a result of the priorities of the Government's Five-Year Program 2020-2024, for the industry sector that aims to boost economic growth, productivity and job creation," according to a statement issued from the Presidency on Tuesday.
With the start of operation of the new cement factory, Mozambique now has 16 such plants across the country. Enditem
