Stone factory to open at Walvis Bay

WALVIS BAY: Minister of Trade and Industry Calle Schlettwein on Monday introduced the Yu Tian Stone Product Factory located on the outskirts of Walvis Bay to the public.

It will start producing tiles, slabs, mosaics and other finished marble and granite products within the next three months.

The aim of the introduction was to inform residents about the development project at their town.

The factory, described by Yu Tian Manager Michael Cai as one of the largest of its kind in Africa, is situated seven kilometres south of Walvis Bay, on the Rooibank Road.

“We introduced it because some people thought it is an airport, others think it is a railway station, while others even think it is a soccer stadium for the World Cup,” Cai told Nampa on Tuesday.

He noted that an official opening ceremony will be held next week, and they are hoping that it will be attended by President Hifikepunye Pohamba.

The manager said 1 000 people will be employed there permanently once factory reaches its production peak.

The factory is part of the Chinese international corporation Best Cheer Stone Group, which has invested N.dollars 300 million in the venture.

Addressing the introduction ceremony, Schlettwein said to achieve meaningful economic growth in the secondary sector, Namibia needs investment, be it domestic or foreign direct investment, which satisfies the country’s terms and remains attractive to the private sector.

“Namibia’s economic growth still depends on investments in the primary sector and specifically in extractive industries to a large extent. In order to sustain and even enhance high levels of economic growth we must diversify the economy towards a stronger secondary sector. Such growth must be job rich, it must create wealth and that wealth must be shared equitably,” said the trade minister

He noted that Best Cheer Stone Group is willing to further cooperate with Namibians in various areas with quarries such as Karibib, Omaruru, Okombahe and Usakos.

SOURCE: NAMPA

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