FHL to acquire pre grinding mill
July 16, 2017 12:49 am
The Fijian Holdings Limited is planning to acquire a new pre-grinding mill by the end of this year to increase cement production in the country.
Group Chief Executive, Nouzab Fareed says they will invest two million dollars into the pre-grinding mill which will be acquired by December.
“We have worked now, we are going to acquire a pre grinding mill which is a smaller version of what we have but a more modern one , a Chinese mill so which can increase our capacity from close to two hundred tonne, two hundred thousands of cement per year so right now we can hardly do 150- 160 but we want to increase to two hundred from next year onwards so that is our short to medium term but in the long run we are also looking at a new vertical mill to be operational in the west because we also need to spread our geographical risk so that is another plan we have.”
Fareed says they also have plans to invest ten million dollars into a new vertical mill by next year.