Portugal: Cimpor wants to focus its Portuguese operations on exports, according to its CEO Ricardo Lima. The cement producer's market in Portugal is shrinking and its cement production capacity is increasingly being used for exports, Lima has told newspaper Diario Economico.
Cimpor has a cement production capacity of around 9Mt/yr in Portugal but its domestic demand is only 1.5Mt/yr. Meanwhile, export volumes have doubled since 2011. Cimpor exports to Algeria, Togo, Equatorial Guinea, Mozambique, Gambia, Nigeria, Cameroon and northern Brazil.
Camargo Corrêa became the majority shareholder of Cimpor in 2012. Through subsequent restructuring almost 200 employees, mainly administrative staff, left the company. At present Cimpor has no plans to shut down plants in Portugal.