Secil to invest in Outao Plant

Portuguese cement producer Secil will invest a total Euro 22m in its plant in Outao, south of Lisbon, it was reported on July 1, 2004.  The investment will be directed for the environmental requalification of the Outao plant and the money is planned to be applied by 2005.  The investment will be 16 per cent backed by public funds.  The Outao plant is Secil’s largest unit and it has an annual output of 2.1Mt.

At present, Secil operates three cement plants in Portugal and one in Tunisia, all of which with a total capacity of 5.3Mt of cement. Recently, the Portuguese company acquired a 51 per cent stake of the Angolan cement plant Encime located in the port city of Lobito, northwestern Angola, and it controls also 20 per cent in a Lebanon cement plant.