Imara African Cement Report Africa, the last cement frontier Angola ...

• Kinaxixi Shopping Center and Office/Residence Block
• LNG Project in Soyo in conjunction with Bechtel
• Largo do Ambiente Office/Residential Tower (23 floors)
• Construção do Edifício Torres Dipanda
• Bayview – TTA – Office building
• Baía de Luanda – Rehabilitation of the Bay of Luanda
• Sana Luanda Royal Hotel;
• UNITEL – Technical building at FILDA
• GOE – Science and Technology Museum.
Portugal, € 190,
45%
Figure 35: Soares da Costa Turnover breakdown 2010
Other, € 21, 5%
Romania, € 14, 3%
USA, € 35, 8%
Projects on the order book for 2011 and beyond amounted to €515m which includes the following projects:
• Angolan National statistics institute
• Towers Dipanda building – Phase II
• Island Hotel – addendum 1 finishing and specific works;
• SONILS – maintenance area of the base;
• SONILS – Franks facilities.
Angola, € 166, 39%
Country, Turnover (€m's), % Source: Soares Costa 2010
Annual Report
Teixeira Duarte SA
Bloomberg ticker: TDSA:PL
Market Cap: €84m
PER: 1.4x
Texeira Duarte (TD) is one of the largest Portuguese companies
operating in Angola with the four main segments of the group
being concentrated in Construction, Hotels, Motor vehicle
retail and Food retail. Some of the most recently completed
construction projects include the 310m Kwanza River Bridge
which was destroyed during the war. In the hotels space TD
own Tropico and Alvalade hotels, and has recently opened its
third 4-star hotel, Hotel Bahia, in Luanda‟s Nova marginal
district, which is emerging as a new business hub.
Portugal, € 593,
43%
Figure 36: Texeira Duarte Turnover breakdown 2010
Other, € 92, 7%
Algeria, € 73, 5%
Angola, € 449, 33%
Brazil, € 173, 12%
Country, Turnover (€m's), % Source: Texeira Duarte 2010
Annual Report
The motor retail arm owns the franchises for the distribution of Chevrolet, Honda, Nissan, Mahindra, Renault
and Peugeot light and heavy vehicles. Maxi is the name of the wholesale food retail operations, under which
the group has recently introduced a white goods retail arm.
The group is listed on Euronext and apart from Portugal, Angola is the most important international market
for the group, contributing one third of Group Revenues in 2010. Some of the more significant projects that
the group is working on include the following:
• Cabinda Gulf Oil Company (CABGOC) Headquarters
• Saint Francis of Assisi College in Talatona
• Completion of the National Directorate of Roads and Traffic in Luanda
• Head office for EMIS (Interbank Company Services).
• Construction of the new National Assembly buildings
Edifer
Edifer is one of Portugal‟s privately owned construction conglomerates that has partnered with one of
Angola‟s pre-eminent conglomerates, Grupo GEMA. The Angolan entity operates through Edifer Angola (main
construction business), Construções Fortaleza (Concrete structures), Edigema, Edimetal Angola
(metalworking) and Tecnasol Angola (Geotechnical and foundations). Two of the more prominent high rise
projects that the group is working on are the Luanda Towers (25 floors) and Kianda Towers (27 floors) which
are two multi-use buildings that are under construction in downtown Luanda. At the end of 2010 the order
book for Edifer group amounted to €1,128m, of which 31% (€350m) relates to contracts in Angola.
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