Secil Ibito, a subsidiary of Portugal’s Secil Group, has announced its plans to build a second cement plant in Angola to move domestic supply closer to the country’s ever-increasing demands.
At present, the company has a cement production capacity of 280 000 tpa, but the planned plant would increase this figure to 1.8 million tpa. The country’s overall demand is estimated at 4 – 5 million tpa, which could certainly be considered favourable conditions, given the current domestic output. However, no start date has yet been attributed to the project, which is likely to take 3 years from the commencement of construction to fully operational status.
Secil Lobito’s managing director, Augusto Miragaia, said that the current needs of the Angolan market justify the construction of another plant, a project that the company has been considering for some time now. Speaking to news agency, Lusa, Miragaia said that the total investment would be US$150 million, and that this will be made in two phases.
Written by Jack Davidson.
Read the article online at: https://www.worldcement.com/africa-middle-east/05122012/angola_secil_cement_new_plant_777/