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Sinoma International Engineering Co. Ltd. and its subsidiary Hengya Cement Co. Ltd. received permits to build a $1 billion cement factory and 1.2 GW power plant in Tanga, Tanzania. The factory will produce 7 million tons of cement annually, with 30% for domestic use and 70% for export. Construction was originally announced in early 2017.
“The Tanzanian Investment Centre recently announced it granted permits to Sinoma International Engineering Co. Ltd. and its subsidiary Hengya Cement Co. Ltd. to start building a $1 billion cement factory and 1.2 gigawatt power plant in the northeastern port city of Tanga.”caixinglobal.com
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