Cimpor plans to expand into new geographical markets
Cimpor has announced plans to launch a new investment plan, which would increase production capacity and consider expansion into new geographical regions and markets. The company has estimated its pro forma CAPEX at €0.5 billion in 2012, a pace that it expects to continue over the coming years. Following the integration of Cimpor’s recent asset-swap, which is likely to occur over 3 years, synergies are predicted to reach €0.1 billion pa. Turnover is expected to amount to €2.8 billion with an EBITDA margin of 27%, while cement sales are predicted to reach 27 million t on a pro forma basis.
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/europe-cis/06032013/cement_cimpor_announces_new_investment_plan_904/
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