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ZAMBIA: HITACHI INJECTS $15M IN FACTORY

  1. Posted on Saturday 4 June 2011 - 08:43
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    Hitachi, a leading manufacturer of construction, mining and other earthmoving equipment has commenced phase one construction of a re-manufacturing plant valued at 15 million US dollars.
    The Plant located at the Lusaka Multi Facility Economic Zone along the Lusaka International Airport Road.
    About 200 people are expected to be employed in the first phase of the construction of the plant.
    Japanese Ambassador to Zambia, Akio Egawa has said the investment is part of his country’s trade commitments to Africa made under the Tokyo International Cooperation for African Development-TICAD- process.
    He has stated that Japan has already exceeded its commitments to Africa for the period 2008 to 2012 as evidenced in the 2.05 billion provided to Africa in 2010.
    Hitachi’s Vice President in charge of Construction Machinery Yokio Arima has said the company believes in Zambia and her economy.
    Mr Arima says the company is targeting to rehabilitate earth moving equipment for the mining companies and assemble equipment that will be supplied both locally and the rest of the central and southern African region.
    And Zambia’s President Rupiah Banda is pleased with the investment noting that the investment will benefit Zambia through its technology transfer.

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