Chinese Investors to Build USD1b Cement Plant in Tanga
Chinese controlled Sinoma and Hengya Cement (T) Ltd will build a cement manufacturing plant next to Tanga in Tanzania northern coastline, Xinhua Chinas official press agency reports. The President of Sinoma Ltd of China, Peng Jianxin, said that the investment will be implemented in two phases, whereby in the first phase about USD 1 billion will be spent.