Trump imposes 16 per cent tariff on Mozambique - AIM report
Photo: TVM
The Mozambican President on Wednesday inaugurated a cement factory in Maputo province, with capacity to produce two million tonnes per year, as well as reducing imports of clinker, the main raw material in cement production.
“The factory will improve the business economy of the cement industry sector because it will involve reducing imports of clinker, one of the most used inputs in the manufacturing process,” said Filipe Nyusi, at the inauguration of the factory in Matutuíne.
The new factory, called Mozambique Dugongo Cimentos, will produce 5,000 tonnes of clinker per day, which will reduce its import by about 360,000 tonnes per year, which corresponds to US$54 million (€44 million), the head of state said.
“With the production of clinker in the country we will be increasingly contributing to reducing the cost of cement production, with the aim of stabilising the final price and increasing the ability of Mozambicans to buy cement,” the President said.
According to Filipe Nyusi, US$330 million (270 million euros) was invested in the construction of the factory, employing 350 people.
“I reaffirm the commitment to promote and attract more investment and entrepreneurs to establish industrial clinker production units in the other regions of the country,” concluded Filipe Nyusi.
With the new plant, Mozambique now has 16 cement producers, nine of which are in Maputo province and the remaining seven in Sofala, in the centre of the country, Nampula and Cabo Delgado, in the north, and which together have the annual capacity to produce seven million tonnes of cement.
Watch the TVM report below.
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