Cimpor Portugal

Taiwan Cement completed the acquisition of additional 20% stake in its Turkish joint venture and 60% stake in Portugal's Cimpor, investing EUR 621 million, making it a major European low-carbon cement supplier.

Taiwan Cement Europe Holdings B.V., a subsidiary of Taiwan Cement Corporation, notified the Portuguese competition authority of its acquisition of 100% of Cimpor Portugal Holdings SGPS, S.A. The deal values the 60% stake previously acquired from Oyak at €480 million.

Taiwan Cement Corporation (TCC) and OYAK have signed a preliminary agreement for TCC to acquire OYAK's 60% stake in Cimpor Portugal Holdings for EUR 800 million and 100% of OYAK Denizli Cement shares for EUR 1.3 billion, plus 20% of OYAK's 60% shares in OYAK Denizli Cement.

KHD has received a contract from Cimpor Portugal to modernize production line 7 at its Alhandra cement plant. The project will increase capacity from 3000tpd to 3600tpd and includes the first installation of KHD's Pyrorotor alternative fuel combustion reactor in Portugal.