Wanfeng Group and ZCCM-IH form JV to revive Ndola Lime plant in Zambia

Wanfeng Group and ZCCM-IH formed a joint venture, Ndola Lime Limited, to restart a 95-year-old lime and cement facility in Zambia. Wanfeng Group contributed US$25 million in equity and a US$5 million shareholder loan for a 55% stake; ZCCM-IH contributed assets and a debt write-off for 45%.

“A Sino-Zambian joint venture worth 30 million yuan has given a century-old factory a new lease on life”seetaoe.com

• 1 source
• seetaoe.comZambia-China JV Revives 95-Year Lime & Cement Plant--SeetaoSeetaoMay 30, 2026

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