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Home Business Business News

Shayona in K7.8bn expansion drive

by Staff Writer
25/04/2012
in Business News
1 min read
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Shayona Cement Corporation has embarked on a $46 million (about K7.8 million) expansion drive that is expected to create employment for hundreds of people and ease cement challenges in the country.

Shayona Cement head of administration Rowland Mwalweni said the company has procured new machines from India to step up production.

The company currently produces 220 tonnes of cement in a day at its factories in Kasungu.

“That is just 20 percent of our capacity. But when the project is completed in 2014, production will dramatically shoot up,” he said.

Mwalweni, however, expressed concerns that the regular power outages, fuel and forex shortages may derail the project.

“We just hope the Joyce Banda regime will work with speed to address the challenges so that we complete the project in time,” he said.

The company currently provides employment to 450 people.

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