Camargo Corrêa’s Mozambican cement factory expected to be built on coast

25 October 2007

Sao Paulo, Brazil, 25 Oct – Brazilian group Camargo Corrêa is expected to open a clinker factory on the Mozambican coast, an official from the company told Macauhub in Sao Paulo.

“Today, its is more viable to build a clinker plant closer to the coast, to make exporting easier,” said José Édison Barros Franco, superintendent of the holding.

The product produced there, also according to the Camargo Corrêa director, will be exported and “milling and other industrial processes will be carried out closer to the customer.”

Barros Franco said that the initial project was for building a cement factory in partnership with Companhia do Vale do Rio Doce in the Moatize region, in Tete province, in the interior of Mozambique.

In July, the Mozambican government officially granted coal mining rights for Moatize to CVRD with estimated reserves of 2.5 billion tons, for 25 years.

With the option of building the unit on the coast, Camargo Corrêa’s investment is expected to be a unilateral initiative, without CVRD as a partner, said the Camargo Corrêa official. (macauhub)