# ZCCM-IH and SinoConst sign agreement for $480M cement plant in Masaiti, Zambia

ZCCM-Investment Holdings signed a shareholders' agreement with China Machinery Construction Group (SinoConst) to develop a US$480 million cement plant in Masaiti, Zambia, with a production capacity of 2.1 million tonnes of cement annually and creating about 1,000 jobs.

- Type: New facility
- Announced: 2018-08-06
- Where: Masaiti, Zambia
- Value: $480.0M
- Jobs: 1,000
- Status: announced
- Capacity: 2.1 million tonnes of cement annually
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [ZCCM-Investment Holdings](https://endata.com/companies/33597.md)
- [China Machinery Construction Group](https://endata.com/companies/33598.md) (partner)

## Sources

- [zccm-ih.com.zm](https://www.zccm-ih.com.zm/2018/08/06/zccm-ih-chinese-firm-sign-agreement/), 2018-08-06: "ZCCM-IH will hold 35 percent of the shares in CAC while SinoConst will hold the remaining 65 percent."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.