Chinese steel firm plans to expand investment in Sierra Leone

0 Comment(s)Print E-mail Xinhua, November 7, 2016
Adjust font size:

The Shandong Iron and Steel Group plans to expand its investment in Sierra Leone with US$700 million for the construction of processing plants.

Hou Jun, chairman of the Chinese steel firm, made the announcement during a courtesy call on Sierra Leone President Ernest Bai Koroma on Friday.

Hou assured the president that the company's goal in Sierra Leone is to work "closely with the government to scale up China-Sierra Leone economic cooperation."

The company has committed US$700 million for the construction of processing plants so as to further expand its business in Sierra Leone, said Hou.

President Koroma encouraged the Shandong Iron and Steel Group to scale up its activities through the injection of investment into its operations and promised continuous support from his government.

"We will continue to support the project because we believe it's a win-win situation for both the company and Sierra Leone," the president told Hou.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter