IN a bid to support
the government move to develop the country's economy through
industries, the Tanzania Poly Sunshine Chemical and Mining Service
Limited has laid a foundation stone for the
The industry, which is designed to produce civil explosives materials, is expected to be completed in the mid 2022.
The function was
attended by government officials including, District Executive Director
Zainab Kijazi, Hassan Juma Mwinyikondo, Village Chairman and Kiboma
Mwedisiga.
One of the
company's directors, Mr Liu Yang said the company decided to build the
industry to fulfill all industrial explosive needs in Tanzania and in
other East African countries.
"We are here to
establish an industry that will also create employment opportunities to
people in this area. The investment will also help to improve lives and
welfare of people in Msoga village and surrounding areas," he noted.
Another director, Ms Hao Xiuhua said the industry will be of its own and that it is the first of its kind in East Africa.
"Today we are very
happy to lay the foundation stone here at Msoga village for the
construction of industrial explosive. Upon its completion, the industry
will supply the needed materials in various companies, and thus the
investment creates jobs and improves lives of people in this area," she
said.
Msoga village
chairman, Mr Kiboma Mwandinga told fellow villagers that the industry
was a great opportunity for them to get jobs and market for various
locally produced products including fruits.
The company is
looking forward to build the industry for 18 months at the cost of 30m
US dollar (69bn/-) and will produce 20,000 tones of civil explosives per
year.
Over the past 10 years, Tanzania's mining industry has experienced rapid development.
Currently, China is
among the largest source of investment in Tanzania, with a large number
of enterprises involved in the country's infrastructure and
manufacturing industries.
Among them is Poly
Chemical Holding Corporation (POLYCHEM), which is engaged in
international cooperation and overseas businesses in the fields of
civilian explosive materials and blasting services.
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