Cimpor to restart Santo Antão cement plant with EUR6.75m upgrade
Cimpor has announced plans to reactivate its cement factory on the island of Santo Antão, Cape Verde, in June, following an investment of EUR6.75m aimed at significantly boostin...
Cape Verde
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OYAK to invest in Cabo Verde
The Cape Verdean government reported that Turkish cement producer, OYAK is investing in Cabo Verde for the extraction of pozzolan, volcanic rocks used in the cement industry. Po...
Cimpor
The Camargo Correa subsidiary InterCement, formerly trading as Cimpor, has agreed to sell its Portuguese and Cape Verde assets to the Turkish group Oyak.
InterCement sells Portugal operations in further deleveraging
To help reduce its indebtness, InterCement is leaving the European market. Controlled by Mover Participações (current holding company of the Camargo Corrêa group), the company a...
Cimpor takes massive provisions in Brazil
Cimpor'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...
Cape Verde: Cabocem plant draws interest from Swiss investor
A Swiss investor is said to be in discussions over investing in the Cabocem cement plant Porto Novo, Santo Antão island, in an effort to resume operations.