Cimpor invests 133 million in Brazil over last three years

15 April 2010

Brasilia, Brazil, 15 April – Portuguese cement company Cimpor, whose capital is now controlled by Brazilian companies Votorantim and Camargo Corrêa, over the last three years has invested 133 million euros in Brazil, which has made the market one of the main contributors to the group’s results, according to website Portugal Digital.

In 2009 Cimpor employed 1,541 workers in Brazil, which is the biggest ever number. Cimpor has 1,407 staff in Portugal and 1,119 in Spain.

The 2009 annual report and accounts Cimpor outlined that 2009 was the biggest investment year of the three-year period.

In terms of industrial investments, Cimpor applied 35.5 million euros in Brazil in 2007, 43.1 million euros in 2008 and 54.4 million euros in 2009.

Cimpor’s turnover in Brazil in 2009 was the highest of the last three years, totalling 427.4 million euros. This was also the case with EBITDA (earnings before interest, tax, depreciation and amortization), which rose 20 percent in 2009 to 123.1 million euros.

In Brazil, the company has a production capacity of 6.28 million tonnes of cement per year, which accounts for a market share of around 8 percent. (macauhub)