Angola now has an estimated clinker production capacity of 7 million tonnes per year with the opening of a new cement plant by Nova Cimangola, in the Cacuaco district of Luanda province, said the minister of Industry, Bernarda Martins.
This new factory, with an installed capacity of 2 million tonnes peryear, joins FCKS, in the province of Kwanza Sul and the China International Fund (CIF), “so that the existing production capacity will mean the country stops importing clinker,” said the minister.
Bernarda Martins pointed out that Angola has large deposits of limestone, iron ore, gypsum and clay, the necessary ingredients for production of clinker.
The minister recalled that even before the launch of this new plant the country was already self-sufficient in terms of cement production, as consumption is estimated at 6 million tonnes per year for production of 8 million tonnes per year.
Jornal de Angola reported that the use of clinker imports weighed heavily on the accounts of Nova Cimangola, which spent about US$70 million annually on raw material purchases, with implications for production costs and the price of the final product.
With the launch of this plant, Nova Cimangola is expected to double its production, from 1.8 million tonnes per year to 3.6 million tonnes, the same quantities that are currently produced by China International Fund Angola, with which it will now compete for market leadership.
The newspaper also wrote that the investment needed to build this new plant, known as Nova Cimangola II, was shared by Nova Cimangola itself and Ciminvest, the main shareholder.
Representing an investment of about US$400 million, the construction works of the new plant were carried out in 21 months by Chinese company Sinoma International Engineering.
The shareholders of Nova Cimangola are Ciminvest (49%), Angolan state (40%) and state-owned bank Banco Angolano de Investimentos (10%), with the remaining 1.0% held by private individuals. (macauhub)