Cement News tagged under: Secil

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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...

CRH

06 December 2012, Published under Cement News

CRH's turnover for the first nine months of the year improved by around 4% to some €14,000m, with the EBITDA being broadly in line with the €1,200m achieved at this stage last year. For the full year, the group is expecting an EBITDA in the region of €1,600m compared with the €1,656m achieved last year and depreciation and amortisation charges to be in line with the €764m charged last year. With disposal gains in the year to date of €183m, these are likely to exceed €200m this year compared...

Secil plans to build second cement plant in Angola

06 December 2012, Published under Cement News

Portuguese group Secil plans to build a second cement plant in Angola in order to increase production from 280,000tpa to 1.8 Mta, the managing director of Secil Lobito, Augusto Miragaia, said in Lobito. The managing director said that the current needs of the Angolan market, which stand at between 4Mta and 5Mta of cement, justify construction of another plant, which is a project that the company has had in mind for a few years. Augusto Miragaia also told Portuguese news agency Lusa that...

CRH: June '12

06 July 2012, Published under Cement News

CRH completed its disposal of its 49 per cent stake in Secil in mid-May and has received EUR564.5m in cash. Given the difficult economic environment in Portugal, where the vast majority of Secil's assets are located, the short-term impact of this forced sale under the arbitration agreement should be seen as positive.

CRH transfers Secil shares to Semapa, Portugal

16 May 2012, Published under Cement News

CRH has transferred its 49% shareholding in Secil, the Portuguese cement producer, to Semapa, its former joint venture partner, the Irish-based building materials company said in a statement. The transfer is pursuant to a call option exercised by Semapa and confirmed by an award issued by an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), at a valuation of €574m. The net proceeds received by CRH amount to €564.5m and re...

CRH

03 May 2012, Published under Cement News

CRH has to sell of its 49% stale in the Portuguese cement producer Secil as Semapa has decided to exercise its option to purchase CRH's holding in accordance with last year's arbitration award. The sale is to take place on the 15 May and includes Secil's interests in Tunisia, the Lebanon and Angola.