Portugal: Cimpor plans to invest €1.4bn in its Portuguese cement assets by 2030, focusing on infrastructure, technology and new products to address decarbonisation, described as the ‘number one challenge’ by CEO Cevat Mert, according to Noticias Financieras news.
In October 2024, Cimpor announced an investment of €360m in decarbonisation and innovation projects by 2026, including €180m allocated to its Alhandra plant in Lisbon. The company also aims to expand into more markets beyond the 14 it currently serves. It has invested €50m in a terminal at the port of Bristol in the UK, and has plans for France and the US. Ignacio Gomez, Cimpor’s commercial manager, cited this shift towards Europe and the US due to stricter environmental requirements.
