Cement News tagged under: Portugal
Cimpor starts exporting from Portugal to northern Brazil15 July 2013, Published under Cement NewsCimpor has started its first exports to northern Brazil from Portugal, according to local press reports. The first shipment of 28,000t of cement has already reached the port of Manaus, northwestern Brazil, Valor Economico reported. Camargo Correa's subsidiary InterCement, which owns Cimpor, plans to import some 70,000t of Portuguese cement this year. Apart from Brazil, Cimpor seeks to expand its exports to Algeria, Togo and Paraguay amid the shrinking sales in the domestic market. |
Galilei Group plans Angolan investment02 July 2013, Published under Cement NewsThe Galilei Group of Portugal plans to enter the Angolan market as part of a joint venture, its chief executive Fernando Lima told local press. Preliminary work on the Cimentos Nacionais Angola (CNA) project has begun, Mr Lima told financial daily Diário Económico, adding that the cement plant will be constructed in partnership with HeidelbergCement. Mr Lima said that construction of the 2Mta facility would begin this year and is expected to cost around US$370m. |
Semapa to focus on Brazilian investment05 June 2013, Published under Cement NewsSemapa, the Portuguese holding company that controls cement maker Secil, has said it is focussed on constructing a new plant in Brazil as domestic demand continues to wane. “At this moment we are focused on building the plant in Brazil,” Paredes said. “There is a growing tendency for our cement sales from outside Portugal to increase,” Bloomberg quoted Semapa board member Jose Miguel Paredes as saying. Semapa entered the Brazilian market by acquiring a 50 per cent stake in local ceme... |
Cimpor first-quarter boosted by new profile27 May 2013, Published under Cement NewsCimpor has reported a 22 per cent rise in turnover and a 15.2 per cent YoY increase in EBITDA for the first quarter of 2013 mainly due to the reshuffling of the group's profile. The performance of the new set of assets recently brought in by InterCement resulted in a contribution to consolidated EBITDA that was four times higher than that of the assets handed over by Cimpor in the asset swap concluded at the end of 2012. "The inclusion of operations in new countries such as Argentina and ... |
Cimpor: restructured for growth25 March 2013, Published under Cement NewsFollowing the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin America and Africa, two geographic areas with high growth potential. Essentially, Cimpor acquired the assets held by Camargo Correa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay in exchange for Cimpor's assets in Morocco, Tunisia, Turkey, India, China, Peru, Spain, which were subsequently transfer... |
Cimpor's restructuring gives temporary lower numbers19 March 2013, Published under Cement NewsCimpor's turnover from continuing activities declined by an underlying 3.1 per cent to EUR1510m and compares with the actual EUR2275.3m shown in 2011 on the old structure. The comparable EBITDA eased by 3.3 per cent to EUR464.7m and compares with an actual EUR616.0m. The trading profit came off by 4.8 per cent from EUR321.2m to EUR305.8m, whereas a year ago EUR372.8m was shown. Net financial charge which a year earlier had amounted to EUR80.9m was re-defined as EUR46.8m and almost tr... |
Portugal’s cement demand drops 26.9% in 201205 February 2013, Published under Cement NewsCement consumption in Portugal fell by 26.9 per cent last year to lows not seen since 1973. According to a report released today by the Portuguese Federation of Construction Industry and Public Works (Fepicop), consumption last year reached 3.3Mt in 2012. The industry body said the crisis in the construction sector has caused significant reductions in cement consumption, the number of workers and the licences for apartment buildings. The unemployment figures reached 101,449 people by ... |
Cimpor and InterCement announce Brazil asset merger05 February 2013, Published under Cement NewsCimpor’s board of directors has approved the merger of two of its subsidiaries in Brazil, namely Cimpor Cimentos do Brasil and InterCement Brasil, Cimpor announced. Both companies are fully and indirectly owned by Cimpor, which itself is controlled by Brazil's Camargo Corrêa. The merger was approved on 30 January 2013. "The merger of these two companies in the Cimpor universe will make it possible to create joint value, promoting synergies, leading to improved operating efficiency and quali... |
Cimpor announces members of board of directors, Portugal07 January 2013, Published under Cement NewsCimpor announced that Luiz Roberto Ortiz Nascimento and André Pires Oliveira Dias have been appointed members of the Board of Directors, following the resignation of Erik Madsen and Walter Schalka. |
Euroconstruct downgrades European construction forecasts16 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont... |