Portuguese cement company Secil to invest over US$100 million in Angolan factory

20 January 2006

Benguela, Angola, 20 Jan – Portuguese cement company SECIL plans to invest over US$100 million in building a new cement factory in Lobito, which will represent some 20 percent of the company’s current production capacity in Angola, the company said.

The new factory, which will be built from scratch with its own clinker oven, will help the company reach its objective of annual production of 550,000 tons of cement within three years.

The old cement factory in Lobito, which has been in existence since colonial times and was recently privatized, was re-inaugurated Thursday after SECIL refurbished it and increased its production capacity.

The Secil Lobito factory, in which SECIL holds a 51 percent stake and the Angolan government the remainder, now has a new production line, which has boosted its capacity from 70,000 to 240,000 tons.

The chairman of Semapa, the group that has a controlling share of Secil, said that the aim was to make Secil Lobito the largest Angolan cement producer, overtaking Nova Cimangola – Empresa de Cimentos de Angola, owned by Portuguese competitor Cimpor.

Cimpor, which is Portugal’s largest cement company, is currently one of the ten largest cement producers in the world and has around an 80 percent share of the Angolan market. (macauhub)