Cimpor sells quarries
Published by Joseph Green,
Editor
World Cement,
Cimentos de Portugal, SGPS, S.A has sold two quarries (Guarulhos and Barueri) in the State of São Paulo (Brazil), to Polimix Concreto, for 100 million reais (approximately €23 million).
The sale of these quarries follows the sale of a minority stake in Paraguay disclosed on 22 December, and is part of a set of initiatives the company has been putting forward, aimed at strengthening its capital structure and increasing profitability, and therefore focusing on its strategic development.
The company is focusing on the stoppage of underused plants, the divestment on concrete units in Brazil, the sale of non-strategic assets, the adaptation to new market contexts, the adequacy of pricing and products, the reduction of costs and expenses and the adjustment of the corporate structure.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/the-americas/04012016/cimpor-sells-quarries-246/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
