Cimpor invests in South Africa

Cimpor invests in South Africa
Published: 11 November 2005

Cimpor said that on November 9, 2005, the South African company Natal Portland Cement Company (Proprietary) Ltd., 100 per cent indirectly held by Cimpor, signed an agreement for the acquisition of the entire share capital of the quarry exploring company Sterkspruit Aggregates and the ready mix concrete facility Sterkspruit Readymix. Both companies are situated in Durban, eastern South Africa, on the Indian Ocean coast.  The transaction will become effective in March 2006 when Natal Portland Cement will formalise the deal.  Sterkspruit Aggregates has an installed annual capacity of 500,000t per year. Sterkspruit Readymix, in turn, has an installed annual capacity of 40,000 cu m.