Cimpor secures financing for investment plans

Cimpor secures financing for investment plans
Published: 23 March 2011

The financing of the investment projects of Portuguese cement producer Cimpor is guaranteed, chairman Castro Guerra said yesterday.

The company has sufficient liquidity, some EUR 1bn, to secure its investment plan, Guerra underscored.

The biggest part of the financing was raised in the international market. Cimpor has carried out some refunding operations abroad.

CEO Francisco Lacerda, in turn, pointed that in 2010 the company generated over two-thirds of its turnover outside Portugal.

Cimpor currently is present in 12 markets.