Wegh Group invests in Mozambique sleeper plant
MOZAMBIQUE: Italian company Wegh Group has increased its stake in concrete sleeper manufacturer Travessas Do Norte, which was already 52% owned by Wegh Mocambique.
The company’s plant at Namialo on the Nacala – Nampula railway is one of the largest in southern Africa with a capacity of 1 600 sleepers per day. Established to support the reconstruction of the Nacala Corridor, it now supplies all railways in Mozambique, and plans to supply neighbouring countries.
Announcing the acquisition of additional shares on November 9, Wegh Group said it was one of the most important Italian industrial investments in Mozambique and had decided to focus strongly on markets in the region that have great potential for development, particularly Tanzania, Zambia, South Africa and Namibia.