Cement News tagged under: Portugal
Secil Group award thyssenkrupp modernisation project13 October 2020, Published under Cement NewsSecil Group has awarded thyssenkrupp Industrial Solutions SAS (France) a contract for the modernisation of its 2Mta Outão cement plant in Setúbal, south of Lisbon, Portugal. The 'CCL - Clean Cement Line' project will see the plant become an energy-efficient, low-NO x and low-CO 2 emission facility. The project is partly funded by the Portugal 2020 Government incentives programme. ThyssenKrupp’s scope of supply includes modification of the preheater tower, a new AS-MSC calcined with ... |
CTP Team wins an EPC contract with Secil Group for a WHR system28 September 2020, Published under Cement NewsItaly's CTP Team has signed a turnkey EPC contract with Secil Group for a new WHR system at Outão Cement factory in Portugal. The project consists of providing a customised solution to feed a double-loop system (thermal oil + Organic), to recover waste heat and produce electricity from three different sources: the kiln pre-heater, clinker cooler of the existing 4000tpd cement unit, and a new solar field that Secil will install nearby to the production line. The new heat exchangers by... |
Cimpor01 November 2018, Published under Cement NewsThe Camargo Correa subsidiary InterCement, formerly trading as Cimpor, has agreed to sell its Portuguese and Cape Verde assets to the Turkish group Oyak. Having previously considered selling a 49 per cent interest in all of its African and European activities, InterCement has now decided to sell the Portuguese and Cape Verde assets in their entirely. These consist of three integrated cement plants with a combined cement capacity of 9.1Mta, two grinding plants, 40 concrete batching plants ... |
InterCement sells Portugal operations in further deleveraging29 October 2018, Published under Cement NewsTo help reduce its indebtness, InterCement is leaving the European market. Controlled by Mover Participações (current holding company of the Camargo Corrêa group), the company agreed on Friday to sell its cement and concrete operations in Portugal and Cape Verde to Turkish group Oyak, according to Valor International. While the price of the divestment was undisclosed, the deal is believed to have cost a little over US$800m, according to industry analysts. The divestment will see the owner... |
Chairman of Semapa dies23 August 2018, Published under Cement NewsPortuguese billionaire Pedro Queiroz Pereira, whose holding company Semapa controls paper and pulp producer The Navigator Company and cement maker Secil, died on Saturday aged 69, an official spokesman said. Queiroz Pereira was chairman of Semapa and The Navigator Company. Both of these publicly traded companies have separate chief executive officers. His family holds 71 per cent of Semapa. He is survived by his daughters Filipa, Mafalda and Lua. The former race car driver was Portugal’s f... |
Setubal project to attract cement businesses with panamax berths31 January 2018, Published under Cement NewsBlue Atlantic of Portugal is aiming to offer one of the most efficient cargo transport routes in out out of Europe with plans for an 800m quay able to berth two Panamax vessels in Setubal, 40km (25 miles) south of Lisbon. The 96ha Blue Atlantic Industrial & Logistics Park, in the Port of Setubal, will become a maritime export hub facing the Atlantic Ocean with several specialised terminals operated by private enterprises that could include cement operations. "The sea is regarded as a nation... |
Portugal's cement exporters face fresh challenges15 September 2017, Published under Cement NewsPortugal’s cement sector has had little choice but to export cement since the euro crisis, but now it faces a new threat of needing to compete with other countries that have begun increasing cement and clinker exports. Six years ago it was a simple decision for Portugal's leading cement markesrs. With the construction industry paralysed and supported by a weak euro, they ploughed their efforts into selling abroad and their exports soared from close to nothing to more than 60 per cent of p... |
Cimpor's 1H volumes down 2.7 per cent14 September 2017, Published under Cement NewsCimpor reported that first-half 2017 EBITDA growth in Argentina, Paraguay and South Africa, and to a lesser extent Portugal, mitigated adverse operating environments in the company’s other group regions. Sales of EUR921m (US$1.096bn) rose 2.6 per cent YoY. An average price adjustment of 10 per cent offset lower volumes. EBITDA of EUR166m was 2.6 per cent lower compared to 1H16 on the back of non-recurring costs. Excluding these items, EBITDA remained stable. Cement and clinker volumes... |
Cimpor EBITDA recovers by 5%25 May 2017, Published under Cement NewsCimpor’s first quarter turnover eased by 0.3 per cent to EUR452.9m, while the EBITDA recovered by five per cent to EUR84.1m. The trading profit (EBIT) improved by 3.1 per cent to EUR36.7m. The net financial charge came down by 18.1 per cent to EUR62.1m to give a pre-tax loss of EUR25.4m, compared with EUR40.3m a year earlier. At the net attributable level there was a loss of EUR34.4m, compared with a loss of EUR40.7m a year earlier. The net debt was 10.7 per cent higher at EUR3,3509m and... |
Cimpor books larger loss in 201621 March 2017, Published under Cement NewsWith declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 pe... |