KNAUF Gypsum, which is one of the leading firms in the world
in gypsum making, is planning to invest more than 15 million US dollars in
Tanzania in the next few years.
Speaking in Dar es Salaam this week, the firm’s Managing
Director for East Africa, Zachopoulos Georgios, said that so far they have
invested close to 10 million US dollars into their operations and expect to
reach 15m US dollars in the next few years.
KNAUF Gypsum started its operation in Tanzania nearly three
years ago employing directly more than 150 in which 99 per cent are locals.
“KNAUF is operating in more than 200 countries around the world but Tanzania is
the first in Sub- Saharan Africa.
We picked Tanzania because of its strategic position in the
Great Lakes Region where it has the potential to be door into African hinterland,"
he said. He said Tanzania was also an attractive investment destination due to
peace and tranquillity and its rapid growing population which will expand the
consumer base.
“The country is peaceful and has a huge number of people
which is projected to grow even more in the next few years. KNAUF is here to
stay for a long time and we expect to be one of the country’s strategic
investor very soon,” he said.
According to him most of the raw material is acquired
locally and that they mine their own gypsum stone in the South of Tanzania.
Full article: Daily News TZ