Zhongneng International to acquire 65% stake in Mozambique cement plant

Zhongneng International entered into a memorandum of understanding to acquire a 65% interest in a cement plant in Pemba, Mozambique, from China Hong Kong Construction Group. The plant has an annual cement production capacity of 300,000 to 400,000 tons.

“The signing of the memorandum of understanding provided a good opportunity to spread its business to the industry and expand its future revenue base.”e.ccement.com

• 1 source
• e.ccement.comZhongneng International Intends to Purchase 65% of Mozambique Cement PlantNov 19, 2020

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