Cement News tagged under: Mozambique

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InterCement completes sale of Africa businesses

28 December 2023, Published under Cement News

InterCement Participações SA has announced that the divestment of its businesses in South Africa and Mozambique – collectively known as the ‘Africa Business’ – to Huaxin Cement Co. Ltd (China), has been concluded upon receipt of the provisional price of USD231.6m. As provided for in the previously executed Stock Purchase Agreement, the provisional price will be adjusted in due course considering net debt, other customary adjustments and working capital levels of the Africa Business.

InterCement sells African businesses to Huaxin Cement

04 July 2023, Published under Cement News

InterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the announcement of the sale of InterCement's operations in Egypt in January 2023, the sale of the remaining Mozambique and South Africa businesses further positively contributes to the group's ongoing liability management plans and the acceleration of InterCement’s broader strategic review to return focus to its core m...

Dugongo Cimentos announces new plant

09 March 2023, Published under Cement News

Dugongo Cimentos is building a new 6000tpd cement plant in Nacala-Porto, Nampula province, on the northern cost of Mozambique. The project is believed to cost US$192m, according to Macao News. The company currently runs a 2Mta integrated plant in Maputo province. The construction sector in Mozambique was estimated to be worth US$724.6m in 2021 with average annual growth of over four per cent forecast in 2023-26.   

InterCement records total cement and clinker volumes of 20.1Mt in 2021

21 March 2022, Published under Cement News

InterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable when compared to 4Q20. In Argentina cement industry remained on a strong pace during the quarter, with Loma Negra volumes up four per cent YoY.     Brazilian volumes, although declining by 3.7 per cent YoY, remained on a healthy level, backed by solid demand as result of strong backlog from housing sector and posit...

Dugongo cement prices see further rise

28 January 2022, Published under Cement News

The price of Dugongo cement in Mozambique has increased yet again, reports Club of Mozambique.  As of 24 January 2022, a 50kg bag of 32.5 cement now costs MZN360 (US$5.64). A bag of 42.5 cement now costs MZN340. Since the opening of Dugongo Cimentos in May 2020, the price of its cement has increased three times although the price of cement at many other producers has fallen. In September 2021 Dugongo cement raised the price of 32.5 cement from MZN230 to MZN255 while 42.5 cement increase...

InterCement's cement volumes remain stable in 3Q21 at 5.4Mt

01 December 2021, Published under Cement News

InterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pandemic pent-up demand enhanced the base.     The cement industry in Argentina remained on a strong pace, with Loma Negra volumes up   eight per cent YoY, helped by some recovery of bulk segment. Argentine volumes expanded by 8.4 per cent versus the 3Q20.  InterCement’s Brazilian volumes sold reached 2.5Mt, despite...

West China Cement signs MoU for four projects worth US$800m

06 October 2021, Published under Cement News

The government of Mozambique and West China Cement have reportedly signed a memorandum of understanding regarding four industrial investment and development projects, with a total value of US$800m. The projects include a cement plant, a thermal energy generation facility and two glass factories. "The group of West China Cement intends to continue its investments in Mozambique, attentive to the good business environment and to one of the government’s five-year goals, which is to generate mo...

Clinker shortage result in surge in Mozambique prices

17 September 2021, Published under Cement News

Due to a shortage in clinker supply, prices of cement in Cabo Delgado, Mozambique, have surged. Retail prices of cement are now priced at MZM700-800/50kg, up from MZM500-520/bag. The lack of clinker is caused by challenges in maritime navigation, which has impacted clinker imports in Cabo Delgado and northern Mozambique, according to Club of Mozambique. The clinker shortage has led to the 30-day closure of Fabrica de Cimentos de Cabo Delgado’s 0.25Mta grinding plant in Metuge district, w...

New 0.2Mta plant set to be built in Mozambique

20 August 2021, Published under Cement News

A new cement plant is expected to be constructed in the Namacurra district of Mozambique, with around US$15m of Chinese investment. The feasibility of the 200,000tpa unit depends on the environmental impact study. The public consultation of which begins this month, according to Fom Ma Jo Chon, representative of Africa Great Wall Manufacture. The company expects the process to be completed in six months and plant construction to begin shortly afterwards. The limestone used will be Mozambica...

Mozambique's cement price drop down to economics

22 June 2021, Published under Cement News

The fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters.   "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican people. We have been saying, with regard to cement and to other industries, that we have to assess th...