Angolan cement plant to receive government funding
According to reports from local press, the Angolan government has announced funding worth US$116 million for the Nova Cimangola cement plant. The investment will be used to increase the plant’s production capacity. This will help to maintain the supply of cement to the domestic market and lower prices.
Last month, the Fábrica de Cimento do Kwanza Sul began operating following a four-year construction phase. The new plant is said to have a clinker capacity of 4200 tpd.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/africa-middle-east/06062014/angolan_cement_plant_to_get_government_funding_318/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.