Chinese investors enter Marracuene real estate market and more - Diário de Moçambique
New cement prices come into force today almost everywhere in the country in the context of an adjustment announced by the company Cimentos de Mozambique.
The Director-General of Cimentos de Mozambique, Jorge Manuel Reis, told Notícias yesterday that the price hike results from the increased costs that the company incurs due to the devaluation the metical, against the US dollar.
Reis explained that many of the raw materials company works with are imported and that they are paid for in dollars.
“With the exception of Matola, all our factories continue to import clinker. But even in Matola we import plaster, paper bags, engines for our machinery, and other equipment,” he said, stressing that from September 2015 to September 2016, the metical depreciated more than 70 percent against the US dollar, impacting the cost of raw materials used by the company.
According to our source, with the readjustment in force from today, the 32.5 cement bag may be bought for 347 meticais in the two factories of Matola ( southern province of Maputo), 289 meticais in Dondo (Sofala province, center), 289 meticais and 390 in Nacala(Nampula province).
The bag of 42.5 cement will cost 361 meticais in Matola, 304 meticais in Dondo and 408 meticais in Nacala.
For bulk cement buyers, 32.5 cement now costs 7019 meticais in Matola, 6180 meticais in Dondo and 7851 meticais in Nacala. As for 42.5 cement in bulk, it is now priced at 7341 meticais in Matola, 6180 meticais in Dondo and 7851 in Nacala.
According to Cimentos de Mozambique, these prices are valid for one month and do not include Value Added Tax (VAT).
However, long before this adjustment, a price hike in cement was already being experienced by consumers in many parts of the country, this being an essential raw material for the construction industry.
The Director General of the CM said he was monitoring the cases, however,claiming that his company has no responsibility in this matter.Source: Noticias