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| OCI announces new investment in South Africa Egypt-based Orascom Construction Industries (OCI) formally announced the launch of Mafikeng Cement Company (MCC) in the North West Province of South Africa which will build and operate a state-of-the-art cement plant with a production capacity of 2 million tonnes per year. OCI owns 67.5% of the new start-up venture. The total investment cost of the project is expected to reach approximately US$ 440 million (R 3.2 billion). The plant is expected to begin production during 2010. OCI signed a plant equipment order with Polysius, supplier of plant design and main machinery, and a contract with Siemens for electrical and automation equipment / materials for the Mafikeng cement plant. write your comments about the article :: © 2007 Construction News :: home page |