Portuguese cement producer Cimpor has registered a UK subsidiary and invested €50m in an import terminal in Bristol.
Cimpor is the Portugues subsidiary of OYAK and Taiwan Cement Corporation
Cimpor is targeting the UK following a shift in ownership last year and an injection of capital.
Originally set up by and Turkish company Ordu Yardimlasma Kurumu (OYAK) and Taiwan Cement Corporation (TCC) in a 60:40 joint venture, in March 2024 TCC Group Holdings took over ownership of OYAK and thus also 100% of Cimpor.
With the UK becoming a target market, Cimpor UK Limited was registered at Companies House in April 2024, with an office in Cheadle.
Cimpor has also invested €50m in a terminal at the port of Bristol in the UK and plans to expand its product range in this country in the coming years.
In tandem with its expansion drive, Cimport has formed a collaboration with Manchester-based technology firm to detect malfunctions in cement production facilities before they occur. Cimpor plans to commission the deployment of sensor technology at 25 facilities in 10 different countries on three continents.
