Angola's industry minister, Bernarda Martins, said that with the inauguration of the new cement factory, NCA II, in the Cacuaco region of Luanda province, owned by Nova Cimangola? NCA, Angola's production capacity of processed cement had increased to 7 million tons per year.
Martins said that the new plant, with an annual production capacity of 2 million tons of cement, together with the production facilities of FCKS and the China International Fund "CIF" in Kwanza Sul province, "means that Angola no longer needs to import cooked cement.".
Martins pointed out that Angola has large deposits of limestone, iron ore, gypsum and clay, which are the raw materials for the production of mature cement.
Martins said that even before the new plant was completed, Anguo was already self-sufficient in cement production, with an annual output of 8 million tons and national annual consumption of only 6 million tons.
According to newspaper Jornal de Angola, NCA imports a particularly high percentage of clinker and spends around US $70 million per year on the purchase of raw materials, which are reflected in the ex-factory price of the final product.
With the launch of NCA II, NCA's production is expected to double from 1.8 million tons per year to 3.6 million tons, the same as CIF Angola's current production, and the two companies are competing for market leadership.
& emsp; & emsp; newspaper Jornal de Angola also stated that the cost of NCA II was US $400 million, to be shared between NCA and "Ciminvest", "the main shareholders of the project".
NCA II will be constructed by Sinoma International Engineering Co., Ltd. of China, and the construction period is expected to be 21 months.
The shareholders of NCA are Ciminvest (49%), the Angolan central government (40%), the state-owned Banco de Investimentos Angola (10%) and the remaining private investors (1%).
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