Mozambique’s government plans to impose price controls on cement produced by Cimentos de Mocambique, the largest cement factory in the country and a unit of Cimpor Cimentos de Portugal SGPS SA, state run Agencia de Informacao de Mocambique said.
The company sells a 50-kilogram (110-pound) bag of cement for $8, while resellers almost double the price on the local market, the Maputo-based news agency said, citing Steffen Kasa, chairman of the company’s executive committee.
Cimentos de Mocambique’s three cement plants produced 960,000 tons of cement in 2010, short of the country’s consumption if 1.1 million tons, AIM said.
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