Part of the production of aluminium foundry Mozal will be processed in Mozambique under the terms of a contract signed with Midal Cabos, a company with investors from Bahrain, operating in the Beluluane Industrial Park, n Mozambique’s Maputo province, Mozambican daily newspaper Notícias reported.
Under the terms of the contract Mozal will provide Midal with 50,000 tons of aluminium ingots to produce electrical cables and other products with potential to support the automotive and construction industries.
The Minister for Industry and Trade, Armando Inroga, said that in the mid term the agreement would have a significant impact on the Mozambican economy by reducing construction costs and due to replacing imported products with products manufactured locally.
“We have been importing aluminium materials for sectors such as construction, electrical materials for electrification projects and even for the automotive sector, specifically hub caps,” the minister said.
Midal Cabos is controlled by Midal Cables, a partnership set up in 1977 by Intersteel-Bahrain and Olex Cables-Australia with its headquarters in Bahrain. (macauhub)