Cimpor plans to invest 500 million euros per year in the coming years

Cimpor plans to invest 500 million euros per year in the coming years--as occurred in 2012--in increased capacity and geographical expansion, announced the cement company Brazilian Camargo Corrêa group.
The company stated that, once the integration resulting from the asset swap with Camargo Corrêa and Votorantim, synergies should reach 100 million euros per year. The integration should be completed in three years.
"For 2012, Cimpor estimates that its capex (investment) pro-forma has stayed close to 500 million euros, a level of investment that is expected to continue in the coming years," said the cement plant in a statement.
"Now operating in its new activity, perimeter Cimpor plans to strengthen its geographic presence through an ambitious investment plan that includes increased production capacity in certain localities and expansion into new geographic areas," he said.
The first exchange between the two giants Brazilians involved the transfer by Camargo Corrêa for Cimpor, of the assets and operations of cement and concrete of the Camargo Corrêa group in South America and Angola.
These assets will be handed over in exchange for assets held by Cimpor China, Spain--with the exception of Sagesta Cimpor Inversiones and Cimpor--India, Morocco, Tunisia, Turkey and Peru, together with a portion equivalent to 21.21 percent of Cimpor's net consolidated debt.
Then the Cal will deliver to Votorantim received assets of Cimpor in the first Exchange, located in South America and Angola, in exchange for 21.2 percent held by Brazilian rival in Portuguese cement, thereby ensuring total control of Cimpor.