 | |
| Company type | Subsidiary |
|---|---|
| Industry | Building materials |
| Founded | 1976 |
| Headquarters | Lisbon,Portugal |
Key people | António Castro Guerra(Chairman), Francisco Lacerda(CEO) |
| Products | Cement,construction aggregate,concrete,mortar |
| Revenue | €2.316 billion(2010)[1] |
| €409.1 million(2010)[1] | |
| €241.8 million(2010)[1] | |
| Total assets | €5.385 billion(end 2010)[1] |
| Total equity | €2.230 billion(end 2010)[1] |
Number of employees | 8,490(end 2010)[1] |
| Parent | InterCement |
| Website | www.cimpor.pt |
Cimpor - Cimentos de Portugal is the largestPortuguesecement group, operating in eleven countries - Portugal,Spain,Morocco,Brazil,Tunisia,Turkey,Cape Verde,Mozambique,China,Egypt andSouth Africa, involved in manufacturing and marketing cement, hydraulic lime, concrete and aggregates,precast concrete and dry mortars. The Brazilian companyCamargo Corrêa is the owner of the company.
In Portugal, Cimpor has major factories inCoimbra (Souselas),Vila Franca de Xira (Alhandra),Loulé andFigueira da Foz (Cabo Mondego).
Cimpor is listed on theEuronext Lisbon stock exchange and is a member of the benchmarkPSI-20 Portuguese stock exchange index. The company was owned by two Brazilian conglomerates which built up stakes in February 2010 in order to thwart a €3.9 billion takeover bid fromsteel makerCompanhia Siderúrgica Nacional (CSN):[2]Camargo Corrêa holds 32.9% and theVotorantim Group 21.2% (of which 17.3% was purchased fromLafarge and 3.7% from Cinveste). A 9.6% stake in Cimpor held by the bankCaixa Geral de Depósitos is also imputable to Votorantim due to an agreement between the parties.[3] In 2012 with the purchase of additional shares and the exchange of certain assets to the Votorantim Group, Camargo Corrêa through its subsidiaryInterCement now holds 94.8% stake in Cimpor and becomes its sole shareholder, with the remaining shares being traded onEuronext Lisbon.[4]
On 21 June 2017, Cimpor's shareholders voted for Camargo Corrêa (owner of 95,1% of total shares) to acquire all of Cimpor's public shares in a move to remove the company from the Lisbon stock exchange.[5]
