Portugal’s Cimpor once again considers building cement factory in Mozambique

2 March 2011

Lisbon, Portugal, 2 March – Portuguese cement group Cimentos de Portugal (Cimpor) plans to once again look into projects that were suspended due to the international financial crisis, specifically in Mozambique and Morocco, the group’s chief financial officer (CFO) said in Lisbon Tuesday

António Varela, who was speaking at a meeting to present the company’s results for 2010, said that the Cimpor board of directors was once again considering construction of a new unit in Mozambique, but that so far no decision ahd been made.

In 2010, the group posted net profit of 241.8 million euros, or 2 percent more than in 2009, with consolidated turnover posting growth of 7.4 percent to 2.239 billion euros.

The biggest rise in turnover – 42.5 percent – was seen in Brazil, followed by China, where the company saw a rise in turnover of 30.8 percent. (macauhub)