Cement News tagged under: Portugal
Setubal project to attract cement businesses with panamax berths31 January 2018, Published under Cement NewsBlue Atlantic of Portugal is aiming to offer one of the most efficient cargo transport routes in out out of Europe with plans for an 800m quay able to berth two Panamax vessels in Setubal, 40km (25 miles) south of Lisbon. The 96ha Blue Atlantic Industrial & Logistics Park, in the Port of Setubal, will become a maritime export hub facing the Atlantic Ocean with several specialised terminals operated by private enterprises that could include cement operations. "The sea is regarded as a nation... |
Portugal's cement exporters face fresh challenges15 September 2017, Published under Cement NewsPortugal’s cement sector has had little choice but to export cement since the euro crisis, but now it faces a new threat of needing to compete with other countries that have begun increasing cement and clinker exports. Six years ago it was a simple decision for Portugal's leading cement markesrs. With the construction industry paralysed and supported by a weak euro, they ploughed their efforts into selling abroad and their exports soared from close to nothing to more than 60 per cent of p... |
Cimpor's 1H volumes down 2.7 per cent14 September 2017, Published under Cement NewsCimpor 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... |
Cimpor EBITDA recovers by 5%25 May 2017, Published under Cement NewsCimpor’s first quarter turnover eased by 0.3 per cent to EUR452.9m, while the EBITDA recovered by five per cent to EUR84.1m. The trading profit (EBIT) improved by 3.1 per cent to EUR36.7m. The net financial charge came down by 18.1 per cent to EUR62.1m to give a pre-tax loss of EUR25.4m, compared with EUR40.3m a year earlier. At the net attributable level there was a loss of EUR34.4m, compared with a loss of EUR40.7m a year earlier. The net debt was 10.7 per cent higher at EUR3,3509m and... |
Cimpor books larger loss in 201621 March 2017, Published under Cement NewsWith declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 pe... |
Portugal: Cimpor to resume cement exports from Loulé13 January 2017, Published under Cement NewsCimpor's Loulé plant is due to resume exports via the Algarve port of Faro, Portugal. The Algarve port of Faro, which has seen no cargo movement whatsoever since June 2016 when Cimpor, the port’s only customer, stopped production at its local Loulé plant. The Loulé plant is due to resume activity in February, reports The Portugal news Online. |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Portugal: N+P deliver SRF08 July 2016, Published under Cement NewsOn 8 May 2016 a ship carrying 2500t of baled SRF berthed at Lisbon. The SRF originated from N+P Alternative Fuels’ location in Grimsby, UK and will be used as a substitute for primary fuels in the cement industry. This new project form N+P represents the company's next step towards further strengthening its position in the alternative fuels market. |
Falling profits in South America, Egypt and Portugal hit Cimpor results01 June 2016, Published under Cement NewsCimpor has reported a first-quarter turnover 28.7 per cent lower at EUR454.1m and EBITDA fell by 35.1 per cent to EUR80.1m. The trading profit (EBIT) dropped by 51.9 per cent to EUR35.6m. The net financial charge edged ahead by 0.7 per cent to EUR75.8m to give a pretax loss of EUR40.3m, compared with EUR1.3m a year earlier. At the net attributable level there was a loss of EUR40.7m, compared with a loss of EUR17.2m a year earlier. The net debt was 10 per cent lower at EUR3,170m, but the gear... |
The Mediterranean and beyond25 May 2016, Published under Cement NewsThe Mediterranean has always played a vital role in the world economy and international trade. In recent years its bordering countries have been affected by turmoil caused by various factors: the economic crisis, a fall in oil prices, increasing migration and Islamisation, political instability and wars. This uncertainty has affected construction investment and regional cement demand. For Mediterranean cement producers this has meant a need to find new markets and look beyond the usual horiz... |