Displaying items by tag: Mozambique

Mozambique: President Filipe Nyusi has inaugurated the 0.25Mt/yr Cimentos de Maiaia plant in Nacala. The US$10m project was a joint venture between Chinese firms and local investors, according to the Mozambique News Agency. Chinese investors provided 85% of the funding. The new plant is the third in the port of Nacala. Cimentos de Maiaia plans to focus on markets in the north of the country.

Mozambique: Cimentos de Mocambique has denied increased the price of its cement products. At a press conference in Nampula Jorge Reis, the managing director of Cimentos de Mocambique, said that his company had nothing to do with the ‘sharp’ increases in the price of cement charged by retailers, according to the Mozambique News Agency. Reis said that the cement producer had not raised its prices since late 2016. He added that the company’s Nacala plant had been affected by an irregular electricity supply. It is currently negotiating with its electricity supplier to improve its service. Retailers have blamed the price hike on an alleged shortage of cement and difficulties in acquiring it from cement plants.

The Provincial Director of Trade and Industry, Norberto Narciso, said that information from Cimentos de Mocambique would be distributed to businesses in Nampula and in the neighbouring province of Niassa, which also acquires cement from Nacala. He also promised that the government’s National Inspectorate of Economic Activities would check the retail price of cement to see whether the retailers are respecting the ‘recommended profit margins’.

Mozambique: President Filipe Nyusi has inaugurated Limak Cement’s 0.7Mt/yr plant in Matola. Nyusi said he expected the plant to ‘contribute to stabilising prices in a scenario of high levels of demand for cement,’ according to the Mozambique News Agency. The unit will employ over 140 people.

Mozambique: The African Elephant cement grinding plant is operating at a third of its production capacity due to low demand. The Chinese-owned plant near Pemba, Cabo Delgado in the north of the country is producing around 300t/day despite the plant’s production capacity of 1000t/day, according to sources quoted by the Mozambique News Agency. The plant’s manager expects demand to pickup once investment in the gas industry increase. The company has suffered from imports from Tanzania.

Mozambique: Ambrian, the UK-based owner of the Cimentos da Beria grinding plant, forecasts that its sales will rise by 25% year-on-year in 2017 from 2016. The prediction follows a poor third quarter where sales volumes fell by 16% and the company described the economic conditions in the country over the past year as ‘challenging.’ The group added that it has seen cement prices improve year-on-year and that the plant in Beira is now generating positive earnings before interest, taxation, depreciation and amortisation (EBITDA).

However, Ambrian also reported that it is facing ‘urgent’ short-term liquidity issues owing to difficulties in moving cash resources held within the group to the company. It is currently trying to secure short term financing and a longer-term strategic partnership and investment for the group as a whole to allow it to reduce its debt and develop its business in Mozambique.

Portugal: Cimpor’s sales rose by 2.6% to Euro921m in the first half of 2017 from Euro897m in the same period in 2016. Recovery in the Portuguese market buoyed its sales despite continued issues in Brazil, Egypt and Mozambique. Its earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 2.6% to Euro166m from Euro170m due to non-recurring costs. However, the cement producer said that, excluding these its earnings would have remained stable and would have even risen by 4% if CO2 permits management had been disregarded. Its cement sales volumes fell by 2.7% to 11.5Mt from 11.8Mt.

Mozambique: President Filipe Nyusi has announced that work on building a new cement plant in Niassa province will start later in 2017. The unit is expected to source many of its raw materials locally, such as limestone and clay, according to the Mozambique News Agency. Once operational the plant is expected to create over 500 jobs. The project follows the reopening of the Cuamba to Lichinga railway in late 2016.

Mozambique: Iran’s Qeshm Cement Company has prepared its first consignment of cement and clinker for exports to Mozambique. 47,000t of clinker and 3000t of clinker will be shipped on a free on board trade basis, according to the Bourse Press Agency. Hormoz Amiri, an official at Iran’s Qeshm Free Zone, added that the trading enclave plans to export 0.2Mt/yr of cement and clinker to Africa in the current Iranian financial year.

Mozambique: Alfredo Sitoe, the general director of the National Norms and Quality Institute (INNOQ), has said that all cement imports must be tested for quality. The new legislation was set up in July 2016 but took effect in January 2017, according to the Mozambique News Agency. Cement importers are required to provide origin details to the INNOQ that will then check certification with the relevant organisation in the exporting country.

Mozambique: President Filipe Nyusi has inaugurated a new US$24m cement grinding plant in Metuge, Cabo Delgado. The plant has a production capacity of 0.25Mt/yr. Cement produced at the site will be sold under the ‘African Elephant’ brand, according to the Mozambique News Agency. Once construction is complete the plant will employ 67 local workers alongside Chinese technical staff.