Cimentos de Mocambique to invest US$250mn in new factory

Cimentos de Mocambique, the subsidiary of Portuguese cement company Cimpor based in Mozambique, has started building a new US$250 million factory for cement production in Nacala. The project will be delivered in partnership with an international supplier. Cimpor says the financing for the new plant will not compromise its current deleveraging process. The new factory will be the company's second in Mozambique, with the first located in Matola with annual production capacity of 3.1 million tonnes. The new
June 25, 2015 Read time: 1 min

Cimentos de Mocambique, the subsidiary of Portuguese cement company 1347 Cimpor based in Mozambique, has started building a new US$250 million factory for cement production in Nacala. The project will be delivered in partnership with an international supplier.

Cimpor says the financing for the new plant will not compromise its current deleveraging process. The new factory will be the company's second in Mozambique, with the first located in Matola with annual production capacity of 3.1 million tonnes. The new project is expected to allow Cimentos de Mocambique to cut clinker imports for its local operations.

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