Galilei Group plans Angolan investment

The Galilei Group of Portugal plans to enter the Angolan market as part of a joint venture, its chief executive Fernando Lima told local press.

Preliminary work on the Cimentos Nacionais Angola (CNA) project has begun, Mr Lima told financial daily Diário Económico, adding that the cement plant will be constructed in partnership with HeidelbergCement.

Mr Lima said that construction of the 2Mta facility would begin this year and is expected to cost around US$370m.