Livetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cement plant will produce 200,000tpa upon completion between June-July 2024.
Livetouch Investments, whose first cement factory is situated in Redcliff, Midlands, is presently producing 200,000tpa against an installed capacity of 340,000tpa.
In an interview, the company's managing director, Kyle Wang, said the cement plant is expected to create 330 new jobs directly upon completion.
"In terms of the resource, our company has located our own limestone resource already and we are constructing our second cement plant near our limestone resource in Zvishavane at a cost of between US$15m and US$20m under the first phase," he said.
"Hopefully, by next year we will complete it and we are expanding our operations with our target being the Zimbabwe market because we all know this country currently imports between 20,000t and 30,000t of cement on a monthly basis and that's a lot of foreign currency expense."
