WEB:
Phone: + 244923416307
Angola

Description

Nova Cimangola SA is a Cement Manufacturing Company with headquarters located in Luanda, Angola. The Company's Capital Stock is held mostly by private entities. The Angolan State holds a minority stake of about 28%. Nova Cimangola has been operating in Angola for more than 50 years and has been a strategic Company in the development of the country and played an important role in the reconstruction of the country after the internal conflict that ended in April 2002. To meet the country's development challenges, Nova Cimangola Shareholders decided to invest 400 Mio USD to build a new clinker and cement manufacturing plant with European standards and internationally competitive. This new production unit started in February 2017 the production of Clinker. The new installed clinker production capacity is 1,5 million tons/year that complements the already existing cement and dispatch capacity of 2,5 million tons/year. The Company sells primarily to the Angolan Market. With the new facilities Nova Cimangola SA now have export capacity of Clinker and Cement from its own berth, prioritizing neighbor countries. Nova Cimangola's market share in Angola is around 35%, and in 2016 reached its highest historical sales record. In the process of modernization the Company paid special attention to the process of hiring and developing a new generation of workers, trained with the state of the art tools, that ensure Nova Cimangola keep high levels of productivity and competitiveness, to international best practice standards, resulting from the new production facilities.