Portugal’s Cimpor to invest €240m in Brazil by 2013

Portugal’s Cimpor to invest €240m in Brazil by 2013
26 November 2010


Portuguese cement maker Cimentos de Portugal SA, or Cimpor, said Thursday it will invest €240m in Brazil by 2013 to increase its annual cement production capacity in the South American country to 8.8Mt from 6.5Mt.

In a presentation sent to the Portuguese stock market regulator, the company said it will invest €160m in a new facility in the Brazilian state of Paraiba, which will have a cement production capacity of 1.45Mta. And it will use €80m to boost its production capacity at its Cezarina plant in the Goias state, to 2.1Mta.

Construction works at both facilities will begin in 2011 and end in 2013.
Published under Cement News