Browsing: Cement

Cement
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Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

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Business
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New tax regime to stimulate Mozambique’s graphite, cement, and beer industries

Mozambique’s Council of Ministers yesterday approved tweaks to the country’s tax code to promote  domestic industry, including graphite mining, cement production, and beer brewed using local ingredients. The [...]

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Cement
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Heidelberg Cement buys Mozambique plant for $10 million

German multi-national Heidelberg Cement has bought a cement factory in Mozambique for €8.8 million ($10m) in cash from its anonymous owners in Mozambique and Mauritius. The deal to buy the Austral Cimentos Sofala (ACS) plant in Dondo, near the central port city of Beira, closed in April [...]

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Cement
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Government shuts cement warehouses for over-charging – O Pais

A government regulator has shut down three cement warehouses in the northern port city of Nacala on a temporary basis, accusing them of speculation and over-charging in the face of supply constraints, O País reported on Tuesday, 8 December. [...]

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