Cape Verde: Cabocem plant draws interest from Swiss investor

Cape Verde: Cabocem plant draws interest from Swiss investor
Published: 06 August 2014

Tagged Under: Cape Verde Cabocem 

A Swiss investor is said to be in discussions over investing in the Cabocem cement plant Porto Novo, Santo Antão island, in an effort to resume operations.

Cape Verdean daily 'ASemana' stated that the investor worked for Portuguese cement producer Secil (which supplied the plant with clinker) and that during his recent stay in Cape Verde he met with the owners of Cabocem and representatives of the national ports administration (Enapor).

Cabocem launched operations in 2005 and produced Pozzolana and OPC cement. However, a dispute with the Cape Verdean government, which accused the company of not fulfilling its obligations, along with the international crisis, cause the factory to shut down.