Future of rubber company Mabor de Moçambique to be announced in two days

21 July 2010

Maputo, Mozambique, 21 July – The future of rubber manufacturer Mabor de Moçambique – Manufactura de Borracha is to be announced in two days following a shareholders meeting, Macauhub has learned in Maputo.

The company is majority-owned by the Mozambican state and by individuals.

The meeting’s agenda includes analysis, dicussion and voting on the report and accounts for the 2006/08 period and analysis, definition and deliberation of proposals for the future of the company, amongst other matters.

Mabor de Moçambique is one of a number of state-owned companies at which production is currently halted.

Some old companies that are also at a standstill are Riopel, a textile sector company, and glass company Vidreira de Moçambique.

When it was still operating, Mabor de Moçambique once supplied several countries in Southern Africa such as Namibia, Botswana, Malawi, Zambia, South Africa and other parts of the world. (macauhub)