Cement News tagged under: Cimpor

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Cimpor to refocus Portuguese operations towards exports

16 October 2013, Published under Cement News

With Portuguese cement demand remaining subdued, Cimpor is trying to reorientate cement output from its domestic operations towards export markets, CEO, Ricardo Lima, has said. Speaking to economic daily Diario Economico, Mr Lima said that the company is trying to transform Portugal to an export platform. The company currently has an installed cement capacity of some 9Mt in the country while domestic demand stands at just 1.5Mta. Exports volumes have doubled in the past two years with mar...

Cimpor outlines Latin America spend

16 September 2013, Published under Cement News

Cimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the main objective is to reinforce Cimpor's position in Brazil where it operates in all regions except the north. The company is therefore gong to invest in a new unit in northern Brazil, probably Belem or Manaus, he told local news agency, Lusa. Another factory is being planned for Argentina’ western province of San Jua...

S&P lifts Cimpor outlook from stable to positive

05 September 2013, Published under Cement News

Standard & Poor’s has reaffirmed its ‘BB/B’ long and short term rating on Cimpor and InterCement, revising the outlook from stable to positive. The change follows the Outlook revision from stable to positive, keeping a ‘BB’ rating of Camargo Correa, which indirectly controls 94.2 per cent of Cimpor share capital. According to the rating’s agency, the outlook revision to positive based on the successful integration of InterCement and Cimpor assets and on the expectation that the new cement ...

Cimpor boosted by South American operations

28 August 2013, Published under Cement News

Cimpor's underlying first half turnover improved by 19.6 per cent to EUR1299.8m as the company is boosted by its new South America operations but Portuguese losses more than double. EBITDA for the six month period advanced by a more modest 6.3 per cent to EUR284.2m. Ignoring non-recurring charges, the EBITDA would have been some 19 per cent ahead a EUR331m, while the improvement on the re-stated last year numbers was 28.1 per cent.  On this basis, the trading profit increased by 34.6 per c...

Cimpor starts exporting from Portugal to northern Brazil

15 July 2013, Published under Cement News

Cimpor 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.

Cimpor first-quarter boosted by new profile

27 May 2013, Published under Cement News

Cimpor 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 ...

InterCement sells 52 per cent in Portuguese C+PA to Votorantim

29 April 2013, Published under Cement News

Brazilian producer InterCement has sold a 52 per cent stake in Portuguese cement and building materials maker C+PA to Votorantim. Portuguese construction group Teixeira Duarte still controls 48 per cent in C+PA, , according to Portuguese daily Diario Economico. InterCement, part of Brazilian diversified holding group Camargo Correa, indirectly controls the stake in C+PA via Portuguese cement producer Cimpor. Cimpor recognised impairments of EUR33.6m with the transaction.

Votorantim Cimentos sees gains in Brazil, USA

03 April 2013, Published under Cement News

Votorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m.  In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 per cent.  "The combination of a favorable market alongside the opening of new factories and mills allowed a four per cent increase in sales volume in Brazil, reaching 24Mt. The average price of cement rose fou...

Cimpor: restructured for growth

25 March 2013, Published under Cement News

Following 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 numbers

19 March 2013, Published under Cement News

Cimpor'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...