Cement News tagged under: Secil

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New Carthage majority shareholder known by end November

25 October 2018, Published under Cement News

The new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spain) and Cemolins Internacional (Spain).

Chairman of Semapa dies

23 August 2018, Published under Cement News

Portuguese billionaire Pedro Queiroz Pereira, whose holding company Semapa controls paper and pulp producer The Navigator Company and cement maker Secil, died on Saturday aged 69, an official spokesman said. Queiroz Pereira was chairman of Semapa and The Navigator Company. Both of these publicly traded companies have separate chief executive officers. His family holds 71 per cent of Semapa. He is survived by his daughters Filipa, Mafalda and Lua. The former race car driver was Portugal’s f...

Al Karama Holdings names six prequalifiers for Carthage Cement

21 March 2018, Published under Cement News

Six foreign groups have submitted bids for the acquisition of a 50.52 per cent interest in Tunisian cement producer Carthage Cement, according to Al Karama Holding, the company responsible for managing companies confiscated by the Tunisian state from the former regime of Zine El Abidine Ben Ali. Companies interested in purchasing the stake are Cementos Portland Valderrivas (Spain), Cemolins Internationacional SL (Spain), Omnium des Industries et de la Promotion (Morocco), Eurocem (Malta) ...

Brazil: Semapa acquires full control of Supremo Cimentos

01 July 2015, Published under Cement News

Semapa has concluded the acquisition of full control of Supremo Cimentos, a Brazilian company in which it already held a 50 per cent stake. The purchase of the 50 per cent of Supremo Cimentos that Semapa did not yet own was announced in April, but was dependent on the fulfilment of several conditions, which have now been verified. Therefore, Secil through its affiliated company Ciminpart – Investimentos e Participações, SGPS – and NSOSPE Empreendimentos e Participaçõe (a Brazilian com...

Secil 1Q15 boosted by Angola operations

02 June 2015, Published under Cement News

Semapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ...

Semapa acquires 50% stake in Supremo Cimentos

06 May 2015, Published under Cement News

Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this acquisition, the companies now indirectly hold the entire share capital of the Supreme. "Our subsidiary of Brazilian law, NSOSPE Empreendimentos e Participações, owned jointly by Semapa and Secil - Companhia Geral de Cal and Cement entered into an agreement for the acquisition of the 50 per cent of the share capital of ...

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...

Portugal Semapa profit up 15%

04 November 2014, Published under Cement News

Portugal's conglomerate Semapa, owner of cement maker Secil, posted on Friday a 15 per cent rise in nine-month net profit, helped by lower taxes on some of its overseas operations and a small increase in sales. Net profit rose to EUR80m the company said in a statement. Still, EBITDA fell 4.5 per cent from a year ago to EUR98m. Total sales rose about by about one per cent to EUR1.48bn, with cement sales up four per cent.  The company attributed the growth to cement and clinker exports from ...

Semapa to focus on Brazilian investment

05 June 2013, Published under Cement News

Semapa, the Portuguese holding company that controls cement maker Secil, has said it is focussed on constructing a new plant in Brazil as domestic demand continues to wane. “At this moment we are focused on building the plant in Brazil,” Paredes said. “There is a growing tendency for our cement sales from outside Portugal to increase,” Bloomberg quoted Semapa board member Jose Miguel Paredes as saying. Semapa entered the Brazilian market by acquiring a 50 per cent stake in local ceme...

Angola expansion points to fast growing market

10 December 2012, Published under Cement News

Portugal’s Secil leapt on to the African cement news pages this week with its announced intention to increase production at its Lobito plant in Angola from 0.28Mta to 1.8Mta. This will be a significant boost to the Angolan cement capacity, which currently stands at around 5Mta. The US$150m Secil Lobito expansion project will take three years to complete. The plant is 51 per cent owned by Secil and the Angolan state cement company holds the remaining 49 per cent of shares. After years of ci...