Cement News tagged under: Cimpor

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Cimpor announces construction of new Mozambique cement plant

24 June 2015, Published under Cement News

Cimpor subsidiary Cimentos de Moçambique announced yesterday it commenced the process of building a new integrated cement plant in Nacala, situated on the northern coast of the southern African country . Cimentos de Moçambique owns the country's only integrated cement plant, situated in Matola, as well as four grinding units. The company currently has a cement production capacity of 3.1Mta and a workforce of 1200. "The new capacity to be installed increases the efficiency of the r...

Weaker Brazil markets depress Cimpor's profits

20 May 2015, Published under Cement News

Cimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charge declined by 18.9 per cent to EUR75.3m to give a pre-tax loss of EUR1.3m, compared with EUR3.1m a year earlier.  At the net attributable level there was a loss of EUR17.2m, compared with a loss EUR10.8m a year earlier. Net debt was 0.6 per cent lower at EUR3522m, but the gear...

Cimpor sales rise 6% in 2014

03 March 2015, Published under Cement News

Cimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined by 8.8 per cent to EUR371.4m, giving a pre-tax profit 3.5 per cent lower at EUR77.3m and at the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders’...

Cimpor African results improve 9M14

28 November 2014, Published under Cement News

Cimpor's nine-month turnover declined by 1.6 per cent to EUR1952.2m and the EBITDA was off by 4.2 per cent to EUR461.1m as the Brazilian, Argentine and South African currencies declined by 10 per cent, 36 per cent and 14 per cent, respectively. South America generated 69.1 per cent of the EBITDA in the nine months compared with 79.5 per cent a year earlier. The trading profit (EBIT) came down by 2.6 per cent to EUR321.5m and the net financial charges declined by 1.2 per cent to EUR287.1m, to...

N+P strikes major Portuguese SRF deal

28 November 2014, Published under Cement News

N+P has signed a five-year contract for the supply of solid recovered fuels (SRF) into a number of cement plants owned by the Portuguese cement companies Secil and Cimpor. The contract is signed with Gestão Ambiental e Valorização Energética, a subsidiary of Secil, Cimpor and SGVR, responsible for sourcing and supply of alternative fuels and raw materials into the Portuguese cement industry.   The majority of the 7000,000t SRF to be supplied is already sourced and contracted at well-establis...

Cimpor's 1H14 cement sales rise by 10.8%

01 September 2014, Published under Cement News

Cimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t...

Currency movements depress Cimpor profits

22 May 2014, Published under Cement News

Cimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR 89.8m. The net financial jumped from EUR28.9m to EUR 92.9m to give a pre-tax loss of EUR3.1m, compared with a profit o...

Cimentos de Moçambique boosts 2013 sales

07 March 2014, Published under Cement News

Cimentos de Moçambique, the Mozambican subsidiary of Cimpor, saw a 9.8 per cent rise in sales last year to 1.3Mt as the start up of two new mills and a more “aggressive commercial policy” improved competitiveness in 2013 against imports. The most recent estimates indicate that Mozambique's GDP grew about 6.5 per cent in 2013, led by the construction and agriculture sectors, Cimpor noted in its latest annual report. The domestic cement market continued its upward trend and grew more than th...

Cimpor achieves record cement sales and profits

03 March 2014, Published under Cement News

On a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, rose by 23.2 per cent to EUR406.9m, giving a pre-tax profit of EUR80.1m and at the net attributable le...

South America now drives Cimpor

27 November 2013, Published under Cement News

Turnover for Cimpor during the first nine months of the year emerged 23.4 per cent higher as the additional assets in Argentina, Brazil and elsewhere more than made up for the assets sold, predominantly in the Mediterranean rim. The EUR1984.3m turnover was 69.5 per cent higher than the EUR1170.6m shown for the first nine months of last year. EBITDA improved  14.2 per cent to EUR481.5m on a comparable basis and 35.5 per cent higher than the EUR355.4m shown a year ago. There has been no in...