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Mozambique: New Pipe Steel Mill Launched in Maputo
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Agencia de Informacao de Mocambique (Maputo)
18 April 2008
Posted to the web 18 April 2008
Maputo
The construction works of a new steel pipe mill have been officially launched in the Industrial Park of Beluluane, province of Maputo, on Thursday, and is expected to start operating by the end of the current year.
Budgeted at 44 million USD, the new pipe mill will initially employ 200 workers, most of whom Mozambican nationals.
With Africa and the United States being the main markets, steel pipes and tubing produced by this mill will be used for the construction of oil and natural gas pipelines.
According to the Friday's issue of the daily "Noticias", the civil works are expected to be completed within the next 15 weeks, and the equipment to be installed by the end of the current year, while commissioning in the first months of 2009.
Initially, the new plant will start with a production capacity of 200,000 tonnes a year that will be increased at a later stage to 700,000 tonnes, using raw materials imported from countries such as Turkey, China and South Africa.
This venture includes Mozambican and foreign companies, with the South African Capital Star Steel and Seven Star Group from China sharing a major stake, with 50% and 40% respectively.
The remaining 10% are shared by a group of Mozambican companies, including Mozambique-Zimbabwe Pipeline Company, Petromoc, Electricidade de Mocambique, Matola Gas Company and Petroline, with the latter being involved in the project for the construction of a 570 kilometers long pipeline linking the oil terminal in the Port of Matola to the South African provinces of Gauteng and Mpumalanga.
The launching ceremony was witnessed by Telmina Pereira, governor of the Maputo province, Industry and Trade Minister, Antonio Fernando and by representatives of the companies involved in this venture.
Speaking during the ceremony, both Pereira and Fernando explained that the location of Beluluane Industrial Park and Free Zone, an initiative from the Mozambican government to boost foreign investment and job creation in the country, was decisive for the implementation of this project.
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Other factors include availability of electrical power at a more competitive prices compared to other neighbouring countries, labour force, and its strategic location near the port, easing export of end products and import of raw materials.
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| Copyright © 2008 Agencia de Informacao de Mocambique. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
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