Cement News tagged under: Mozambique

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Cimpor takes massive provisions in Brazil

02 September 2016, Published under Cement News

Cimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A...

Vietnam sees export value rise 19% in Jan-Jul 2016

16 August 2016, Published under Cement News

Vietnam earned US$335.12m as it exported 8.97Mt of cement and clinker in the Jan-Jul 2016 period, up 18.8 per cent YoY in value, but down 6.2 per cent in terms of volume. The Philippines, Bangladesh, Taiwan and Mozambique were key importers of Vietnamese clinker and cement in the first seven months of this year, according to the Vietnamese Ministry of Industry and Trade. The Philippines surpassed Bangladesh to become the largest importer of cement and clinker from Vietnam in terms of v...

Mozambique is on course to more than double its cement capacity

14 July 2016, Published under Cement News

Three new factories are due to open before the end of the year in Mozambique as the country's cement capacity is expanded from just over 2Mta to around 5.3Mta. Greenfield plants are being built by CIF-Moz, owned by the China International Fund, and Limak Cement of Turkey, in the southern province of Maputo. Meanwhile, Fabrica Cimentos de Cabo Delgado is establishing a new plant in the north of the country. The  job now is to protect the rapidly-developing industry. At the end of Jun...

Mozambique: new plant to start up this month

13 October 2015, Published under Cement News

Mozambique's newest market entrant, Cimentos da Beira, is due to start up its 0.8Mta grinding plant is in October, according to the company's managing director, Wouter Trollip. The new facility will enter service after the substation has been tested, according to Mr Trollip. He further said the plant already has over 40,000t of clinker in stock to start cement production as soon as the power supply is guaranteed. As well as serving the local market, it also plans to export some of...

Estanda surpervises Mozambique cement mill assembly

08 October 2015, Published under Cement News

Estanda reported that in August it supervised the assembly of a cement mill for Intercement's plant in Mozambique. This cement mill project incorporated design and redesign of new steel components for the improvement of the grinding process, engineering, manufacturing, supply, supervision and final validation of the assembly. Estanda highlighted that the cement mill, which has a diameter of 3.2m, incorporates new and innovative elements to improve productivity as well as reduce wear and m...

Limak embarks on Mozambique plant project

07 October 2015, Published under Cement News

Limak Holding has laid the foundation stone for a grinding and packing plant in Maputo, Mozambique, a move that forms part of the Turkish company's vision to become a global cement player. The new facility is scheduled to come into operation in the first quarter of 2016. The company is also set to lay the foundations for a grinding plant in Cote d'Ivoire next month, according to local press reports. Speaking to International Cement Review in a recent interview , Gültekin Aksüyek, CEO and ...

Cimentos de Mozambique installs bag filter, Mozambique

24 September 2015, Published under Cement News

The Mozambican Minister of Industry and Trade has inaugurated a bag filter installed by Cimentos de Mozambique, part of the Cimpor group. "The decision of Cimentos de Mozambique appears as a positive response to the imperative of adopting technologies that minimise the negative impact on the environment and the communities living in the vicinity of this plant," said Max Tonela, quoted by the news agency AIM, during the inauguration of the new equipment at the company's unit in Matola, near...

Limak Holdings eyes Mozambique entry

25 June 2015, Published under Cement News

Turkish conglomerate Limak Holding says it will invest US$150m in a 2Mta cement factory in Mozambique. Limak chairperson, Nihat Ozdemir, said his firm would create least 500 jobs during the first phase of the factory to be built in the Maputo port area. Limak has major interests in construction, cement, electricity and tourism in Turkey, Egypt, Pakistan, Saudi Arabia, Albania and Macedonia.

Cimpor announces construction of new Mozambique cement plant

24 June 2015, Published under Cement News

Cimpor subsidiary Cimentos de Moçambique announced yesterday it commenced the process of building a new integrated cement plant in Nacala, situated on the northern coast of the southern African country . Cimentos de Moçambique owns the country's only integrated cement plant, situated in Matola, as well as four grinding units. The company currently has a cement production capacity of 3.1Mta and a workforce of 1200. "The new capacity to be installed increases the efficiency of the r...

Cimpor's 1H14 cement sales rise by 10.8%

01 September 2014, Published under Cement News

Cimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t...