ORIENTAL Quarries Limited yesterday unveiled a plan to set up a US$200 million state of the art cement factory which will produce 50, 000 bags of Amaka cement per day.
Company managing director Moustafa Saadi told a media briefing in Lusaka yesterday that the factory, which will be managed by a new company Amaka Cement Industries Limited, will have a production capacity of 25000 tonnes per day of two grades of cement for both local and export markets.
Mr Saadi said the new cement plant would employ over 200 Zambians, once fully operational.
“As the producers of Amaka cement, we would like to state that we have entered into an agreement with a consortium of companies to put up a new modern state of the art cement factory within our premises,” he said.
Mr Saadi said the new factory would adhere to all environmental regulations and would have a positive impact on the economy.
He said the company has been incorporated in Zambia and an agreement has already been signed and a feasibility study was underway to establish the viability of the project.
“As soon as the exploration work that needs to be carried out is finalized, then the environmental impact assessment will be carried out to comply with the prevailing laws,” Mr Saadi said.
He said it was estimated that this process would take between six and eight months and the construction work would begin as soon as all statutory requirements had been met.
“We hope that the construction of the plant will begin in the third quarter of 2015. We expect that the process can be concluded quickly and without any undue delays,” Mr Saadi said.
He said Oriental was looking forward to support from the community and various Government institutions to facilitate the process to begin physical work.
Mr Saadi said the project will improve the wellbeing of the community and the economy of the country by helping to provide good quality cement at affordable prices.
“The cement shortages that have been experienced in the past few years have put a lot of stress on people wanting to build and have resulted in a very high cost for building materials and delayed many projects,” he said.
Mr Saadi said the company was also looking forward to meeting the demand for cement to improve infrastructure development in all parts of Zambia and reduce the cost of construction.