On May 24 and May 26, local time in Zambia, Sui Yumin, Vice President of Sinoma and Chairman of Sinoma Cement , attended and witnessed the signing ceremony between Sinoma Cement (Mauritius) Investment Co., Ltd. and African Brothers Company, Mpande Limestone Co., Ltd. and Zambia Development Agency (ZDA).
Sui Yumin attended and witnessed the signing ceremony with ABC
At 10:00 a.m. on May 24, Zhang yuanci, Vice General Manager of Sinoma Cement, Chairman of Sinoma Cement (Mauritius) Investment Co., Ltd., General Manager of Zambia Project Department, and Zhou Wei, Chairman of African Brothers Company, signed the Shareholders' Cooperation Agreement and the Share Subscription Agreement respectively. After the completion of the contract signing and the industrial and commercial change, Sinoma Cement (Mauritius) will hold 85% of the equity of Zambia Mpande Limestone Co., Ltd., which marks the formal establishment of Sinoma Cement's investment platform in Zambia and a solid step forward in the development strategy of Sinoma Cement in Zambia.
Sui Yumin inspects project progress
At 10:00 a.m. on May 26, Zhou Wei, Chairman of African Brothers, on behalf of Mpande Limestone Co., Ltd., and Ms. Mary Ncube, Chairman of the Board of Directors of Zambia Development Agency, signed the Investment Promotion and Protection Agreement (IPPA) between Zambia Development Agency and Mpande Limestone Co., Ltd. The signing of IPPA indicates that the Zambian government has highly recognized that the project of Sinoma Zambia Building Material Industrial Park will help Zambia achieve overall prosperity and increase employment opportunities, and promote sustainable social and economic development in Zambia.
Sui Yumin attended and witnessed the signing of IPPA with ZDA
Sui Yumin delivered a speech at the signing ceremony with ZDA. Sui Yumin said that Sinoma Cement would further promote the internationalization strategy, steadily promote the planning and implementation of Sinoma Zambia Building Material Industrial Park, and on the basis of the construction of the existing 2500t/d clinker cement production line. Construction of machine-made aggregates, fired bricks, lime, fiber cement boards and other projects will be started in the future to provide high-quality building materials and efficient integrated services for Zambia's economic development.
Sui Yumin put forward specific requirements for the project construction: the project construction team should strictly abide by the laws and regulations of Zambia, follow the principle of "reliable production, advanced technology, environmental protection and energy saving, saving investment and improving efficiency", establish an environment-friendly enterprise, create value not only for the investment shareholders, but also for the customers and employees of the local society and enterprises, and realize sustainable development.
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