Cement News tagged under: Angola
Semapa 1H14 cement turnover up 5.3 per cent YoY04 September 2014, Published under Cement NewsSemapa, the Portuguese holding company that controls cement maker Secil, said turnover from its cement business operating rose 5.3 per cent YoY to EUR217.3m, driven mainly by increased exports from its home market of Portugal. In its domestic market of Portugal, Secil recorded a turnover of EUR91.2m, up 11 per cent YoY. Export revenue increased by 20.6 per cent YoY and accounted for 68.2 per cent of total sales volumes. Overall, domestic sales volumes were down 1.5 per cent YoY. However, l... |
Nova Cimangola receives funds to boost capacity, Angola09 June 2014, Published under Cement NewsNova Cimangola is set to receive AOA11.3bn (US$116m) from the Angolan government to increase the cement plant’s production capacity. According to a decree dated on 28 April 2014 and published on 5 May 2014, the funds will be transferred by the Finance Ministry and will give Nova Cimangola greater financial capacity thus ensuring a greater supply to the Angolan market, and thus reduce prices. Ciminvest holds a 49 per cent stake in Nova Cimangola, the Angolan state 40 per cent and state b... |
Angola: FCKS inaugurates 4500tpd kiln line06 May 2014, Published under Cement NewsFábrica de Cimento do Kwanza Sul (FCKS) has inaugurated its Kwanza Sul Cement plant and is now ready to start supplying cement in Angola following a construction period of four years and six months of tests, said the company's director Tembua Mucazo Roberto.The US$600m project was funded by South Korean group Samsung Corp. At the inauguration ceremony, Tembua Mucazo Roberto said that the plant had a clinker capacity of 4200tpd and a cement capacity of 4500tpd. These figures are similar to... |
New Angola plant to begin commercial production by year-end16 September 2013, Published under Cement NewsThe Cuanza Sul cement plant will begin commercial production under the brand name Yeto, the company president, Manuela Vieira Lopes, has said. Final equipment assemply is now underway and the trial phase should begin in October, and production in December, Mr Vieira Lopes told Angop news agency. Earlier, plant manager Tembua Mucazo Roberto had said the plant would begin by producing 4200tpd of clinker which would later be increased to 4500tpd. |
Semapa's 1H13 turnover declines03 September 2013, Published under Cement NewsIn the first half of 2013, Semapa reported that turnover from its cement division fell 3.2 per cent YoY to EUR233.5m, essentially due to a drop in turnover in Portugal and Angola. EBITDA in the cement business unit stood at EUR28.2m, up by 0.1 per cent on the same period in 2012. In the second quarter, EBITDA from cement business totalled EUR16.2m, up by 34.4 per cent from the previous quarter. This increase was largely due to a significant increase in sales in cement business in Portugal... |
Galilei Group plans Angolan investment02 July 2013, Published under Cement NewsThe 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. |
Secil Lobito outlines plans for new plant, Angola26 April 2013, Published under Cement NewsSecil Lobito plans to invest US$187m in a new cement plant in in Lobito, Angola, the company's chief executive has said. Augusto Manuel Miragaia, CEO of Secil Lobito, told local press that the new 1.2Mta plant will be built located some 200km from the company’s 0.35Mta grinding works which is situated near Lobito port. A construction start date is yet to be confirmed. Secil Lobito is a joint venture between the Portuguese Secil Group (51 per cent) and the Angolan state (49 per cent). It... |
Cimpor: restructured for growth25 March 2013, Published under Cement NewsFollowing the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin America and Africa, two geographic areas with high growth potential. Essentially, Cimpor acquired the assets held by Camargo Correa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay in exchange for Cimpor's assets in Morocco, Tunisia, Turkey, India, China, Peru, Spain, which were subsequently transfer... |
Angola: Kwanza-Sul cement factory to start production in 201331 December 2012, Published under Cement NewsFábrica de Cimento do Kwanza Sul (FCKS) will start production in November 2013. The factory, which is located at Sumbe in Kwanza-Sul province, Angola, will produce 4500tpd cement when fully operational. Construction of the US$600m plant is being carried out by ETA Star from Dubai, UAE, while equipment has been supplied by FLSmidth, Denmark. FLSmidth will also operate the plant under an operation and maintenance contract. |
Angola expansion points to fast growing market10 December 2012, Published under Cement NewsPortugal’s Secil leapt on to the African cement news pages this week with its announced intention to increase production at its Lobito plant in Angola from 0.28Mta to 1.8Mta. This will be a significant boost to the Angolan cement capacity, which currently stands at around 5Mta. The US$150m Secil Lobito expansion project will take three years to complete. The plant is 51 per cent owned by Secil and the Angolan state cement company holds the remaining 49 per cent of shares. After years of ci... |