The Cement Plant of Kwanza Sul (FCK) is expected to stop operating as of 1 November due to a lack of fuel, and the company’s management has already informed the province’s Industry Directorate, Angolan news agency Angop reported.
In the letter sent to the provincial directorate the FCKS board said the situation had dragged on since January, in addition to other problems that the sector is facing that have led to a rise in the price of cement.
The provincial director of Industry of Kwanza Sul, Honorato Konjanssile, said the situation is worrying as FCKS is the largest manufacturing unit in the province and one of its biggest employers.
Given the cement shortage, the price of a 50kg bag has already doubled in the Angolan market, an issue that was even addressed by President João Lourenço in his state of the nation address on Monday.
Lourenço said it was urgent to put an end to the current unfair competition in the country’s cement industry and promised to submit a competition law to Parliament to eliminate existing market imperfections, such as monopolies.
In the last few months the price of a bag of cement has risen from 1,200 kwanzas to 2,500 kwanzas in Luanda and 3,500 in the interior, mainly in the province of Moxico, due to two cement units being at a standstill. (macauhub)