Cimpor - Cimentos de Portugal is the largest Portuguese

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mi ...

group, operating in eleven countries - Portugal,

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

Tunisia Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa. It is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares m ...

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

Cape Verde Cape Verde or Cabo Verde, officially the Republic of Cabo Verde, is an island country and archipelagic state of West Africa in the central Atlantic Ocean, consisting of ten volcanic islands with a combined land area of about . These islands ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Egypt Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...

and

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

, involved in manufacturing and marketing cement, hydraulic lime, concrete and aggregates,

precast concrete Precast concrete is a construction product produced by casting concrete in a reusable molding (process), mold or "form" which is then cured in a controlled environment, transported to the construction site and maneuvered into place; examples i ...

and dry mortars. The Brazilian company Camargo Corrêa is the owner of the company. In Portugal, Cimpor has major factories in

Coimbra Coimbra (, also , , or ), officially the City of Coimbra (), is a city and a concelho, municipality in Portugal. The population of the municipality at the 2021 census was 140,796, in an area of . The fourth-largest agglomerated urban area in Po ...

(Souselas),

Vila Franca de Xira Vila Franca de Xira (), officially the City of Vila Franca de Xira (), is a city and municipality in the Lisbon District in Portugal. The population in 2021 was 137,659, in an area of 318.19 km2. Situated on both banks of the Tagus River, ...

(Alhandra),

Loulé Loulé () is a city and Concelho, municipality in the region of Algarve, Faro District, district of Faro, Portugal. In 2021, the population of the entire municipality was 72,373 inhabitants, in an area of approximately . The municipality has two p ...

and

Figueira da Foz Figueira da Foz (), officially Figueira da Foz City (), often called simply Figueira for short, is a city and a municipality in the Coimbra District, in Portugal. Practically at the midpoint of the Iberian Peninsula's Atlantic Ocean, Atlantic coa ...

(Cabo Mondego). Cimpor is listed on the

Euronext Lisbon Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. The most famous index is PSI-20. Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrant ...

stock exchange and is a member of the benchmark

PSI-20 The PSI-20 (an acronym of Portuguese Stock Index) is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market capita ...

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 from

steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...

maker

Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional (CSN) is the largest fully integrated steel producer in Brazil and one of the largest in Latin America in terms of crude steel production.

(CSN): Camargo Corrêa holds 32.9% and the

Votorantim Group Votorantim S.A. is a permanently capitalized investment holding company, with a long-term investment approach. Its portfolio companies operate in 16 countries and in different economic sectors, as building materials, finance, aluminum, clean and r ...

21.2% (of which 17.3% was purchased from Lafarge and 3.7% from Cinveste). A 9.6% stake in Cimpor held by the bank

Caixa Geral de Depósitos Caixa Geral de Depósitos (CGD) () is a Portugal, Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876. CGD now has presence in 23 countries spanning four continents through branches, repres ...

is also imputable to Votorantim due to an agreement between the parties. In 2012 with the purchase of additional shares and the exchange of certain assets to the Votorantim Group, Camargo Corrêa through its subsidiary InterCement now holds 94.8% stake in Cimpor and becomes its sole shareholder, with the remaining shares being traded on

. 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.

References

External links

* {{Authority control Mover Participações Cement companies of Portugal Companies based in Lisbon Manufacturing companies established in 1976 Portuguese brands Portuguese companies established in 1976 Portuguese subsidiaries of foreign companies