Home / Knowledge / News / Textiles / Tanzanian firm needs $500mn for Natron soda ash plant
Tanzanian firm needs $500mn for Natron soda ash plant
22
Jul '13
The National Development Corporation (NDC) of Tanzania is looking for US$ 500 million to set up the soda ash factory, which would enable it to exploit over one million metric tons of soda ash deposits in Lake Natron, bordering Kenya.
 
The corporation believes that the proposed plant would be able to generate US$ 300 million a year and could create 500 jobs. 
 
NDC Corporate Affairs Manager, Mr. Abel Ngapemba said environmentalists still have their concerns over the project, but NDC would be working closely with the National Environment Management Council (NEMC) and experts from the University of Dar-es-Salaam in addressing the matter, reports East African Business Week.
 
The sensitivity of the area comes from the fact that 70 percent of the world flamingos breed at Lake Natron and this has raised concerns from residents and environmentalists, but the corporation is optimistic that the project can still take off without affecting the birds.
 
Mr. Ngapemba said the corporation is keen on the project but more research is needed in order to not affect the ecology of the flamingo breeding sites in the area. 
 
In 2011, President of Tanzania, Jakaya Kikwete called on the Ministry of Industry and Trade to fast track plans for the establishment of a soda ash factory near Lake Natron, saying the move would give a big boost to the country's economy.
 
Lake Natron, situated in northern Tanzania near Kenya, is rich in soda ash deposits estimated at 300 million tons and is an important habitat for 2.5 million flamingos and is home to endemic algae and some other invertebrates. 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X