• Sunda Group has actualized its investment in Zambia and begun construction of two factories for ceramic tiles and baby diapers.
• The tile factory is expected to commence production in April 2021, while the baby diaper factory will begin production in June 2021.
• Consulate General of Zambia in Guangzhou identified Sunda Group as a potential investor back in 2019.
Sunda Group of Guangzhou, China, has pledged to support Zambia’s industrialization and value addition agenda as the Group will undertake more business ventures in the country.
Speaking during a meeting with the Zambia Consulate General, Sunda Group Vice President Daniel Wang, stated that the Group has actualized its investment in Zambia and begun construction of two factories for ceramic tiles and baby diapers at an estimated total cost of US$110 million.
Mr. Wang said the investment by the Group has already created 500 jobs for Zambian nationals in the construction phase and is expected to create 1, 500 jobs once production begins.
“The Group will utilize 95 percent locally sourced inputs in the production of ceramic tiles thereby promoting value addition and creating an estimated 2,000 indirect jobs,” Mr. Wanga said.
And Consul General at the Consulate General of the Republic of Zambia in Guangzhou, Daniel Chisenga, expressed gratitude to Sunda Group for actualizing its investment in Zambia.
“The investment gives impetus for Zambia’s economic diplomacy, a strategy under which Missions abroad are tasked to attract foreign private investment thereby contributing to Zambia’s industrialization agenda,” Mr. Chisenga noted.
The two factories are located in the Lusaka South Multi Facility Economic Zone (LS-MFEZ) with US$100 million invested in a tile factory and US$10 million in the baby diaper factory respectively.
The tile factory is expected to commence production in April 2021, while the baby diaper factory will begin production in June, 2021.
The tile factory under Keda Zambia Ceramics Company Limited is a joint venture between Sunda Group and Keda Industrial Group while the baby diaper factory under Sunda Industrial Zambia Company Limited is wholly owned by Sunda Group.
The Consulate General of the Republic of Zambia in Guangzhou identified Sunda Group as a potential investor back in 2019 through its investment promotion programme and the Group has since undertaken several business visits to Zambia to conduct market research and begun construction works of its two factories in Zambia in early 2020.
This is contained in a statement issued by Second Secretary for Trade at Consulate General of the Republic of Zambia, Guangzhou, Angel Lwatula.