Cimentos de Portugal invests 22.2 million euros in Brazil in first half

28 August 2009

Lisbon, Portugal, 28 Aug – Portuguese cement company Cimpor – Cimentos de Portugal ended the first half of the year with a total of 22.2 million euros invested in Brazil, slightly more than the 20.7 million invested in the same period of last year.

Thus the Brazilian market continued to be one of the main focuses of Cimpor, whose overall investment from January to June was 142 million euros.

Only in Turkey and China did the company invest more, with 40.2 million and 24.8 million, respectively.

In Brazil, in the period, Cimpor acquired a new cement mill (with a capacity of 120 tonnes per hour) for the Cezarina factory and investments to boost clinker production capacity at the Candiota and Cajati factories by 300 tonnes per day and 900 tonnes per day, respectively.

From January to June Cimpor’s Brazilian business sold 2.1 million tonnes of cement and clinker, which made Brazil Cimpor’s world leader in sales.

The second biggest market was Egypt, with 2.03 million tonnes, followed by Portugal, with 2.01 million. Across the group sales of cement and clinker rose by 2.5 percent to 13.5 million tonnes.

In the period Cimpor posted turnover of 1.023 billion euros, or 1.1 percent more than in the first half of 2008, with Cimpor’s turnover in Brazil unchanged at 187 million euros.

In the first half the Portuguese cement group posted profit of 107 million euros, which was exactly the same as for the same period of 2008. (macauhub)