Vulcan Elected Mozambique’s Biggest Company
Vulcan Mozambique SA was considered the biggest company in Mozambique in the Mozambican Top 100 Companies Survey, 2022 edition, which is annually conducted by KPMG. With a total turnover of 72.8 billion meticals, the company moved to the first position, against the 3rd position it occupied in the previous edition.
Vulcan also stood out as the largest company in the industry sector in terms of net result, with 48.491 million meticais obtained in the period under review.
Vulcan was also on the podium of companies with the highest growth in turnover in the industry sector, reaching an annual growth of 134%, which earned it the second position. The company also leads as the largest employer in the industry sector, with a total number of 4,275 employees.
Marcelo Tertuliano, Vulcan’s Chief Financial Officer, these results illustrate the company’s commitment to work for the development of Mozambique and Mozambicans, but also represent a great challenge for the company that intends to maintain high levels of production.
“This recognition has special importance for us, because it is the result of the first year of production post COVID-19, which peaked in 2020. The following year , we resumed our operations with all the redoubled attention on health and safety requirements, which promoted a safe environment for our employees, and in October 2021 we were able to reach the 1 million tons produced mark, which we had not reached since 2018.”
In closing, Marcelo Tertuliano said, “our aspiration is to reach 18 million tons of annual production, and this award carries a special message, as it indicates that we are on the right track to contribute more and more to our shareholders, employees and community.”
The Top 100 Companies in Mozambique survey is the largest (survey) on the Mozambican economic-financial landscape and has been conducted regularly for 24 years. In the 2022 edition, 210 companies participated, from which the 100 largest came out, with Vulcan being the first.