DRC's Lukala Cement to close down due to 'unfair competition'

Lukala Cement, located in the southwest of DR Congo, will be closing down due to “the unfair competition it has faced since December 2015”, according to its CEO, Ola Ora. The factory had been running at a capacity utilisation rate of below 50 per cent in recent times. The company blames DRC’s government for allowing cheap imports of cement into the country. Domestic cement demand in DRC is estimated at around 3 metric tonnes, but local production is limited to 0.5 metric tonnes creating ro… READ MORE : http://www.africanews.com/2016/05/31/... Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel :    / africanews   Africanews is available in English and French. Website : www.africanews.com Facebook :   / africanews.channel   Twitter :   / africanews