Spread the love
A new private industrial park, Lemi National Cement Industrial Complex, that requires $2.2 billion investment capital is set to be built in Amhara region of Ethiopia by private investors.
The cornerstone for the new Lemi National Cement Share Company Industrial Complex is laid on Thursday by President of Ethiopia Sahle-work Zewde. The new park is owned by East Africa Holdings, which is known for engaging in several manufacturing companies including National Cement Factory. For its new industrial park, National Cement has partnered with the Chinese company, West International Holding.
Lemi National Cement Share Company Industrial Complex will be constructed on 270 hectares of land in Lemi area. The $2.2 billion Lemi Industrial complex will have many factories including the cement factory in Africa with a production capacity of 10,000 tones of cement with $600,000 investment capital.