Tuesday, May 13, 2008

Mozambique: Consortium with South African, Chinese and Mozambican capital invests in steel plant

Maputo, Mozambique, 18 April – A consortium with South African, Chinese and Mozambican capital has invested US$44 million in the construction of a steel tube factory at Beluluane Industrial Park 16 kilometers outside Maputo, the Notícias newspaper reported Friday.

The factory should begin producing at the end of the year or in early 2009, with markets already assured in Africa and the United States linked to the industry of transporting petroleum and natural gas derivatives, the newspaper indicated.

In the first phase the plant will have the capacity to produce 200,000 tons of steel tubes per year, with prospects of increasing to 700,000 tons per year.

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