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Saturday, 5 February 2011

Investment Watch (Steel Plant)

Tanzania's MM Steel Integrated Steel Mills Ltd is venturing into the Zambian market with an intended $40 million plant. The investment is in two phases with US $20 million going into the first phase of the plant for production of corrugated roofing sheets with installed capacity of 4,000 tonnes a month and employing 200 people. The other US $20 million will go into the second phase in which the firm will be manufacturing colour roofing sheets. More detail via The East African.

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