B Own Correspondent- The LafargeHolcim Group has availed US$25 million to its Zimbabwe subsidiary to increase its capacity utilisation.

However, the expansion programme hinges on the availability of electricity and government’s ability to resolve the currency crisis.

The US$25 million capital injection was revealed during a two-day working visit by regional head of the Middle East and Africa and member of the group executive committee of LafargeHolcim, Miljan Gutovic.

“During the visit, Miljan Gutovic paid a courtesy call on HE (His Excellency) the President of the Republic of Zimbabwe, ED (Emmerson Dambudzo) Mnangagwa.

“In this meeting, strategic commitments were made by the LafargeHolcim Group including a commitment to continue support for the growth of the Zimbabwean economy.

“This is in-line with an initial US$25 million, three-pronged expansion project at Lafarge Cement Zimbabwe that has been approved by the group,” LCZL said in a statement.

“Initiatives under the expansion project will include: additional cement capacity, additional capacity for agricultural lime and automation of the dry mortar plant.

“The government of Zimbabwe has accorded national project status to the expansion project earmarked for 2019-2020.”-TheStandard