Local oil services company designs Region 3 cement factory
Kaieteur News – A Guyanese-owned logistics company, VAS Energy INC. Positioning itself to benefit the ever expanding Guyana economy with plans to start building a state-of-the-art cement factory in Region Three by February 2021.
Dharmanand Latchman, Director at VAS Energy relayed to Kaieteur News that, within 14 months of breaking new ground next year, he was aiming to start grinding and cement production while at the same time completing construction within 24-28 months.
“The state-of-the-art factory will have a combination of German and French technology that will produce up to 50,000 tonnes monthly of top grade cement and the investment cost of the plant will be around US $ 100 Million,” revealed Latchman.
According to Latchman, the demand for cement especially with the construction boom in the coming years will greatly benefit Guyanese people and Guyanese construction companies in all areas such as new and existing road construction, sea defense, and residential homes.
He further stated that “Cement is a strategic commodity essential for the economic security, renewal and expansion of Guyana’s infrastructure and the purpose of the cement plant project is to fulfill the demand for cement and its by-products throughout the country” aim to cut the cost of local marketing by up to 30%.
The Director of Energy of VAS also stated that the company plans to employ between 180-200 full time employees and an additional 100 Guyanese in other ancillary business enterprises including restaurants, transportation, taxi, hotel and so on.
“We also have plans to export this challenging product to neighboring countries,” he added.
VAS Energy INC. Was founded. As it says on its website since 2007, it specializes in projects aimed at the global energy sector. The company says it has collaborated with external partners and outsourced advisers to enhance their projects in several energy sectors such as Core Oil Export and Import, Drilling Rigs and Oil Platforms, Oil Tanker transportation, Nanotechnology, Gas industry, and Solar and Wind energy .
“Equally, we offer all our clients and partners a wide range of customized financial platforms depending on the sector to which their investment is directed, thereby maximizing profits and minimizing investment risks, ”the website said.