Economy & Market

Votorantim-Camargo may jointly bid for Cimpor at ? 2.48 bn

Published

13 years ago

March 31, 2012

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Cimpor Cimentos de Portugal SGPS SA is planned to be jointly bought by Votorantim Participacoes SA, a Brazilian raw materials producer and Camargo Correa SA for euro 2.48 billion. Camargo, the second biggest construction company in Brazil and the largest investor in Cimpor is seeking to double its share of the local cement market as demand rises ahead of the World Cup in 2014. The Sao Paulo based company owns 33 per cent of Cimpor. Votorantim, which owns 21 per cent of Cimpor is considering exercising its right of first refusal to buy a 9.6 per cent stake from Portugal’s state owned lender Caixa Geral de Depositos SA. That would give it a similar stake to Camargo.Votorantim and Camargo bought stakes in Cimpor in early 2010 . Both companies held talks last year about buying the rest of Cimpor and dividing its assets. Camargo would keep Cimpor’s Brazilian plants and Votorantim would take the rest.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.