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China Will Invest In The Construction Of A Cement Plant In South Africa

By Author: wish
Total Articles: 7

China will be officially announced today the largest investment in the past two years in South Africa, consolidating its position as the resource-rich continent's most important economic and commercial partners.
cost to setup mini cement plant in south africa is very worthy of attention.

British "Financial Times" noted that China-Africa Development Fund (China Africa Development Fund) and Jidong Development Group (Jidong Development Group) will help South Africa build a value of at least 1.5 billion rand (about $ 200 million) cement plant. The project involved the crusher by a professional Vibrating Feeder Manufacturer be provided, so it is a concern. The announcement will be South African President Jacob Zuma • (Jacob Zuma) visit to Beijing in August to provide bedding.

Zuma has to deepen ties with China economically and politically as a key foreign policy priority.
China last year became South Africa's largest trading partner, to a certain extent due to the significant increase in iron ore exports to China, South Africa, the continent which is consistent with the trend in other countries. Due to abundant resources and a growing market, China has been a good show to Africa. African River Gravel Sand Making Plant because of China's support to become more modern.

According to the latest agreement, the two organizations will work with local South African Chinese mainland enterprises cement (Continental Cement) and "Women's Portfolio Holdings" (Women Investment Portfolio Holdings) cooperation, the construction of new plants in the surrounding Johannesburg Gauteng (Gauteng) region. "Women portfolio holdings" is dedicated to empowering black women in South Africa an enterprise. The new plant is designed to produce the South African domestic shortage of cement and other building materials recent shortage in large part by the World Cup due to the huge infrastructure projects. beneficiation machine for sale is this activity exhibited by stealth leading role in the economy and promote the rapid development of the economy.

South Africa, road and rail transport capacity tight, making imports relatively expensive cement, thus more attractive to invest in local factories. South Africa and China and other large emerging markets continue to develop economic ties, which is to strengthen political ties between the two sides, paving the way, especially since Zuma took over last May skeptical Thabo • Mbeki (Thabo Mbeki) as Since the president. Industrial and Commercial Bank of China (ICBC) China agreed in October 2007 to South Africa's Standard Bank (Standard Bank) invested $ 5.5 billion agreement remains by far China's largest investment in Africa - accounted for roughly a quarter of China's investment in Africa funds one. Most investments are concentrated in roads, power plants and other infrastructure, but analysts said the growing number of Chinese companies began buying buildings and other raw materials locally. They are also concerned about Africa's rapidly growing consumer market. For example, the Chinese carmaker FAW (FAW) last month announced plans to invest $ 100 million in South Africa. Johannesburg consulting firm Frontier Advisory Services • Martin Davies (Martyn Davies) said:. "Chinese companies coming to the party," Davis expects the China-Africa Development Fund will provide most investment funds. The fund is expected to eventually have $ 5 billion of investment funds. In March last year, China-Africa Development Fund opened an office in South Africa. Davies said: "They have more deals in the pipeline."

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