Turkey’s Limak Holding will enter the African cement market with a $50-million investment to build a plant in Côte d’Ivoire with partner Afrikbat.
Limak will hold a 51% stake in the joint venture set up with Afrikbat and they aim to begin production in late 2015.
The plant will have a processing capacity of one-million tonnes and will export to other African countries, Limak CEO Nihat Ozdemir said at a signing ceremony.
The groundbreaking for the plant is planned in December.
By: Reuters
http://www.engineeringnews.co.za/article/turkeys-limak-holding-plans-50m-cte-divoire-cement-investment-2014-08-05/rep_id:3182
