Cement News tagged under: Cimpor

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Calcined clays: making a global impact

01 April 2022, Published under Cement News

This week FLSmidth announced that it would be supporting the largest calcined clay installation in the world in Ghana for CBI Ghana at its Accra plant. It is a good time to look at how many of these calcined clay projects are now underway and how much investment is being placed in this carbon reduction technology. CBI Ghana's project instantly excites because it is billed as currently the largest calcined clay project in the cement industry. The grinding capacity will increase by 120 per ...

Secil and Cimpor to participate in green hydrogen cluster project

23 February 2022, Published under Cement News

A consortium of Portuguese companies will invest more than EUR100m in the country's central region in a project to decarbonise the industry through the use of green hydrogen. the project is scheduled to start next year. The project, entitled 'Green Hydrogen Valley of Nazaré’, covers a group of companies representing around 10 per cent of total emissions from the national industry. The industrial consortium is led by Rega Energy, a Portugal-based independent producer of renewable gas,...

Cimpor to install solar plants at its Portugal works

01 October 2021, Published under Cement News

Portugal’s Cimpor has announced that it will install a photovoltaic plant at each of its three production units in the country. The project is part of an investment package that could exceed EUR130m over the next decade. It will see the installation of 1MW of power for self-consumption at each plant, with the conclusion of the installation expected by the end of the year. An estimated expansion to 10MW is also expected by 2025. The panels are set to reduce CO 2 emissions by 1100tpa. "...

FLSmidth delivers chlorine bypass system to Cimpor Cement

21 May 2021, Published under Cement News

Cimpor, the Iberian region's leading producer of cement, has called upon FLSmidth to deliver a chlorine bypass solution for its site in Souselas, Portugal. Following a new EPC order from Cimpor, booked at the end of last year, FLSmidth will deliver a chlorine bypass solution, eliminating chlorine build-up in the flue gas as Cimpor plan to increase its alternative fuel rate to above 60 per cent. Work on the chlorine bypass is expected to start in 3Q21 with production returning to normal in e...

OYAK to invest in Cabo Verde

14 February 2020, Published under Cement News

The Cape Verdean government reported that Turkish cement producer, OYAK is investing in Cabo Verde for the extraction of pozzolan, volcanic rocks used in the cement industry. Pozzolan extraction in Porto Novo dates back to the colonial period, but has been stopped for over six years. Local authorities estimate that there are around 10Mt of pozzolanic deposits in the area. At the end of 2019, the Porto Novo municipality announced that there are at least two investors, of Chinese and European...

A new wave of Asian overseas expansion?

02 November 2018, Published under Cement News

This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t...

Cimpor

01 November 2018, Published under Cement News

The 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 ...

Loma Negra to raise capital during positive Argentine climate

15 September 2017, Published under Cement News

Argentina's cement market has seen a revival in the last year and this week further positive indicators have been released with consumption rising by 7.4 per cent YoY during August 2017 to 1.122Mt, according to data from Asociacion de Fabricantes de Cemento Portland (AFCP). Cimpor (an InterCement Company - itself part of the Carmago Correa group), which operates in Argentina via its Loma Negra subsidiary, also commented in its 1H17 results that cement consumption in Argentina is performing ...

Cimpor's 1H volumes down 2.7 per cent

14 September 2017, Published under Cement News

Cimpor 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...

Loma Negra board to consider equity offering

13 June 2017, Published under Cement News

Cimpor announced that the board of directors of its subsidiary, Loma Negra (Argentina) has called for an Extraordinary General Meeting (EGM) to consider the necessary moves required for it to pursue an equity offering on the local and international capital markets. The move is among the initiatives undertaken by Cimpor “to reinforce its capital structure,” the parent company said in a statement. The EGM will be held on 3 July in Olavarría, Argentina.