Sixteen entrepreneurs from China plan to invest US$50 million in a project for processing and exporting granite in the Sussendenga district, Manica province, wrote Mozambican daily newspaper Notícias.
It added that of that amount US$32 million has already been invested in building the plant and the acquisition of the equipment needed to process granite, as well as for cutting and finishing the stone.
Hu En Xie, president of the Huaxi Group, which brings together 16 entrepreneurs, said that by October the factory will be fully equipped in order to start producing at full capacity.
By October this year additional equipment is expected to have been purchase to open a new production area, this time for quarrying other types of stone to market in China and other countries.
The provincial governor of Manica, Alberto Mondlane, after a meeting to present potential investment opportunities in the province to a delegation of Chinese businesspeople, said the Sussendenga plant will make use of the granite quarried in Manica and Tete and production would supply the local and export market. (macauhub/CN/MZ)