China continued its investment in Africa’s infrastructure—and in South Africa’s deep need for cement—when a Chinese cement maker formed a partnership to build a plant with two South African companies. Jidong Development Group, the largest cement producer in northern China, has signed a partnership with South Africa’s leading black-women-owned company, Women Investment Portfolio Holdings Limited (WIPHOLD), and with limestone mining firm Continental Cement. The deal is for construction of a new $218-million cement plant in Limpopo, the northernmost province of South Africa. The venture for the 2,500-tons-a-day cement facility also involves the China-Africa Development Fund (CAF Fund), a leading Chinese
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.