Cement News tagged under: Cimpor
Cimpor announces members of board of directors, Portugal07 January 2013, Published under Cement NewsCimpor announced that Luiz Roberto Ortiz Nascimento and André Pires Oliveira Dias have been appointed members of the Board of Directors, following the resignation of Erik Madsen and Walter Schalka. |
Cimpor04 January 2013, Published under Cement NewsCimpor has concluded its assets exchange with its majority shareholder InterCement Austria Holding, whereby Cimpor acquired the assets held by Camargo Corrêa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay and Angola in exchange for the Cimpor assets in Morocco, Tunisia, Turkey, India, China and Peru as well as most of the activities in Spain and 21.21 per cent of Cimpor's net debt. InterCement Austria subsequently exchanged those assets and liabilities with Votoranti... |
Cimpor, Camargo Correa transaction moves ahead24 December 2012, Published under Cement NewsThe board of Cimpor has approved a swap of shares of its holding InterCement, paving the way for Camargo Correa to purchase the 21,2% stake held by Votorantim Cementos on Cimpor, according to reports in Valor Economico. InterCement is passing on the Cimpor 17 cement plants involving assets worth EUR817.1m and is receiving from InterCement assets worth EUR1199bn. The swap was coordinated by Morgan Stanley and Rothschild. The next step is to wind up the deal with Votorantim to collect EUR5.... |
Sociedad de Cementos y Materiales looks to cut 35 jobs19 December 2012, Published under Cement NewsSpanish cement and building materials producer Sociedad de Cementos y Materiales de Construccion de Andalucia, is reportedly planning to lay-off 35 members of staff. The company, which is controlled by Portuguese cement major Cimpor, is currently negotiating with its employees and trade unions, according to reports by Expansión. The downsizing measure will affect 25 employees at its Cordoba works and 10 employees at the factory in Niebla. The firm currently employees a total 142 people.... |
Mozambique is Cimpor’s star performer04 December 2012, Published under Cement NewsFor the first nine months of 2012, Cimpor’s cement and clinker shipments were 9.4 per cent lower at 18.82Mt, as volumes dropped by just over one -third both in Spain and China while Mozambique proved to be the company's star performer. The assets to be retained by Cimpor as a result of the agreement between the major shareholders for splitting the Cimpor assets, were actually 0.7 per cent higher at 10.97Mt. Turnover for the nine months to September 2012 was down by 1.6 per cent to €1170.... |
Cimentos de Moçambique to invest in storage and bagging facilities08 November 2012, Published under Cement NewsCimentos de Moçambique, part of the Cimpor group, plans to invest in a new silo and bagging facility at its Nacala-Porto plant in Nampula province, according to local press reports. The company’s director, Marcelino Manhera, said that the company plans to construct a 1000t silo as part of the announced investment. It will also buy a new bagging machine to equip its plant with modern technology to increase the speed of bagging the cement produced at the unit with a nominal capacity of 750tpd... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
Holcim could face 20% fine, Brazil25 July 2012, Published under Cement NewsHolcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter. Holcim may receive a fine of as much as 30 percent of Brazil revenue in that year, Roland Walker, a company spokesman, said in an e-mail, declining to give the sales figure. C... |
Brazilian market adjustments16 July 2012, Published under Cement NewsThe recently-approved takeover of Cimpor by Brazilian conglomerate Camargo Correa will not only lead to the reorganisation of the Portuguese cement major's operations, but is also set to alter the make-up of the Brazilian cement market. Last month, Camargo Correa succeeded in acquiring a controlling stake in Cimpor with a price tag of EUR2.5bn, raising its share from 33 to 94.8 per cent. Camargo is to integrate its South American and Angolan cement operations into Cimpor and according to ... |
Cimpor shareholders approve dividend proposal, Portugal09 July 2012, Published under Cement NewsCimpor shareholders today approved a proposal for the company to pay a dividend of EUR16.6/share, said an official at Cimpor who asked not to be named in line with company policy, Bloomberg reports. Shareholders hadn’t voted on the dividend proposal at a meeting on April 20 after Camargo Correa SA requested the meeting’s suspension during its bid for the Portuguese cement maker. |