{{Short description|Portuguese cement group}} {{Infobox company | name = Cimpor - Cimentos de Portugal, SGPS, S.A. | logo = Cimpor.svg | logo_size = 120px | type = Subsidiary | traded_as = | foundation = 1976 | location = Lisbon, Portugal | key_people = António Castro Guerra <small>(Chairman)</small>, Francisco Lacerda <small>(CEO)</small> | industry = Building materials | products = Cement, construction aggregate, concrete, mortar | revenue = €2.316 billion <small>(2010)</small><ref name="AR2010">{{cite web |url=http://www.cimpor.pt/cache/bin/XPQej8wXX8840ZAX6gkNRyMZKU.pdf |title=Annual Report 2010 |accessdate=24 July 2011 |publisher=Cimpor |url-status=dead |archiveurl=https://web.archive.org/web/20111004213259/http://www.cimpor.pt/cache/bin/XPQej8wXX8840ZAX6gkNRyMZKU.pdf |archivedate=4 October 2011 }}</ref> | operating_income = €409.1 million <small>(2010)</small><ref name="AR2010" /> | net_income = €241.8 million <small>(2010)</small><ref name="AR2010" /> | assets = €5.385 billion <small>(end 2010)</small><ref name="AR2010" /> | equity = €2.230 billion <small>(end 2010)</small><ref name="AR2010" /> | num_employees = 8,490 <small>(end 2010)</small><ref name="AR2010" /> | parent = InterCement | homepage = [http://www.cimpor.pt/ www.cimpor.pt] }}
'''Cimpor - Cimentos de Portugal''' is the largest Portuguese cement group, operating in eleven countries - Portugal, Spain, Morocco, Brazil, Tunisia, Turkey, Cape Verde, Mozambique, China, Egypt and South Africa, involved in manufacturing and marketing cement, hydraulic lime, concrete and aggregates, precast concrete and dry mortars. The Brazilian company Camargo Corrêa is the owner of the company.
In Portugal, Cimpor has major factories in Coimbra (Souselas), Vila Franca de Xira (Alhandra), Loulé and Figueira da Foz (Cabo Mondego).
Cimpor is listed on the Euronext Lisbon stock exchange and is a member of the benchmark PSI-20 Portuguese stock exchange index. The company was owned by two Brazilian conglomerates which built up stakes in February 2010 in order to thwart a €3.9 billion takeover bid from steel maker Companhia Siderúrgica Nacional (CSN):<ref>{{cite news|last=Laxmidas|first=Shrikesh|title=Battle for Cimpor switches to Brazil cement rivals|url=http://uk.reuters.com/article/idUKLDE61M18O20100223|archive-url=https://archive.today/20120724172735/http://uk.reuters.com/article/idUKLDE61M18O20100223|url-status=dead|archive-date=July 24, 2012|accessdate=12 September 2010|date=23 February 2010|author2=Goncalves, Sergio|author3=Cunha Lima, Filipa|work=Reuters}}</ref> Camargo Corrêa holds 32.9% and the Votorantim Group 21.2% (of which 17.3% was purchased from Lafarge and 3.7% from Cinveste). A 9.6% stake in Cimpor held by the bank Caixa Geral de Depósitos is also imputable to Votorantim due to an agreement between the parties.<ref>{{cite web|url=http://www.cimpor.pt/artigo.aspx?cntx=kNvvknaNjvgwma7PVpGAyO7bHH4fL%2FLl4N4K1NR%2FccnsyTXhvVZWUzbJs4QBTfHw|title=Shareholder structure|date=20 December 2009|publisher=Cimpor|accessdate=27 December 2009|archive-url=https://web.archive.org/web/20111006013835/http://www.cimpor.pt/artigo.aspx?cntx=kNvvknaNjvgwma7PVpGAyO7bHH4fL%2FLl4N4K1NR%2FccnsyTXhvVZWUzbJs4QBTfHw|archive-date=6 October 2011|url-status=dead}}</ref> In 2012 with the purchase of additional shares and the exchange of certain assets to the Votorantim Group, Camargo Corrêa through its subsidiary InterCement now holds 94.8% stake in Cimpor and becomes its sole shareholder, with the remaining shares being traded on Euronext Lisbon.<ref>{{Cite web |url=http://www.brasileconomico.ig.com.br/noticias/camargo-correa-assume-controle-da-cimpor_118323.html |title=Camargo Corrêa assume controle da Cimpor | Brasil Econômico |access-date=2012-06-21 |archive-url=https://web.archive.org/web/20140222185032/http://www.brasileconomico.ig.com.br/noticias/camargo-correa-assume-controle-da-cimpor_118323.html |archive-date=2014-02-22 |url-status=dead }}</ref>
On 21 June 2017, Cimpor's shareholders voted for Camargo Corrêa (owner of 95,1% of total shares) to acquire all of Cimpor's public shares in a move to remove the company from the Lisbon stock exchange.<ref>{{Cite web|url=https://www.jornaldenegocios.pt/mercados/bolsa/detalhe/brasileiros-da-camargo-avancam-para-retirada-de-bolsa-da-cimpor|title = Cimpor de saída da bolsa}}</ref>
The ownership structure has undergone significant consolidation within the global building materials sector. Following its acquisition by Camargo Corrêa in 2012, the company's regional assets were subject to further strategic divestments. In January 2019, the OYAK Group acquired the entirety of Cimpor's business units in Portugal and Cape Verde, with Taiwan Cement Corporation participating as a minority shareholder. In early 2024, Taiwan Cement Corporation finalized the acquisition of 100% of Cimpor's Portugal and Cape Verde's assets. The transaction was part of a broader expansion strategy aimed at strengthening TCC's footprint in significant geographies. As a result of this acquisition, TCC ascended to the position of the third-largest operator in the global cement market.
==References== {{Reflist}}
==External links== *{{Official website|1=http://www.cimpor.pt/}}
{{Authority control}}
Category:Mover Participações Category:Cement companies of Portugal Category:Companies based in Lisbon Category:Manufacturing companies established in 1976 Category:Portuguese brands Category:Portuguese companies established in 1976 Category:Portuguese subsidiaries of foreign companies