Euroconstruct downgrades European construction forecasts
Euroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014.
Portugal
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Mozambique is Cimpor’s star performer
For 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 w...
Iberian impairments push Cimpor into a loss
Cimpor’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.
Brazilian market adjustments
The 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 al...
Cimpor shareholders approve dividend proposal, Portugal
Cimpor 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 polic...
Brazil competition authority approves Camargo purchase of Cimpor
Brazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions.
Cimpor asset swap to lift Votorantim capacity by 15Mta
Votorantim Cimentos and InterCement (part of the Camargo Corrêa Group) have signed an agreement to undertake a corporate reorganisation of Cimpor. The procedure will give Votora...
S&P lowers Cimpor to 'BB'
On June 26, 2012, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Cimpor to 'BB' from 'BBB-' and its short-term rating to 'B' from 'A-3'. The...
Ricardo Lima to become new Cimpor CEO, Portugal
Ricardo Lima, currently vice president of operations of InterCement, is to be the new CEO of Cimpor following, parent company, Camargo Corrêa’s takeover of the Portuguese cement...
Lebanon demand falls, brighter times anticipated
Despite a slowdown in current market activity, a bright future lies ahead for Lebanon’s cement industry, according to the chief of one the country's leading producers.