Economy FDI MEGA DEALS

Sinosteel Corporation - Power plant & Ferrochrome

In progress
May 2018

Sinosteel to put up $1bn for power and furnaces

www.businesslive.co.za May 15, 2018

Sinosteel Corporation has agreed to invest $1bn in Zimbabwe to build a power plant and increase ferrochrome output. The firm planned to build three additional furnaces at its majority-owned Zimasco business, which would raise ferrochrome output by 120,000 tonnes over the next five years to 300,000 tonnes per year.