Intercement

What Intercement does

InterCement is a Brazilian private cement and construction materials manufacturer, founded in 1967 and headquartered in São Paulo. The company operates 34 production units with installed capacity exceeding 33 million tons of cement per year, making it one of the largest cement complexes globally (described as the 6th largest in the world). Its core product portfolio spans cement, ready-mix concrete, and aggregates, produced and distributed through regional subsidiary brands including Loma Negra (Argentina, NYSE/BYMA-listed, holding ~45% of the Argentine cement market with 9 factories), InterCement Brasil (15 factories, vice-leader in the Brazilian market), and previously Cimentos de Moçambique, NPC (South Africa), and Amreyah Cement (Egypt). The company's underlying technology centers on cement manufacturing process engineering, with a notable proprietary coprocessing capability that uses waste-derived fuels to displace fossil energy in kiln operations, reducing carbon intensity — the technology is a stated sustainability differentiator on its global website.

The business model is industrial and B2B: cement, concrete, and aggregates are sold through direct sales networks and regional brands to construction firms, infrastructure developers, and large-scale public works projects. Pricing is quote-based and not publicly disclosed; contracts are typically multi-year arrangements with enterprise buyers. Cement products must meet national regulatory specifications (e.g., ABNT in Brazil, IRAM in Argentina) and the company holds ISO 9001 (quality), ISO 14001 (environmental), and ISO 45001 (occupational health and safety) certifications for its Brazilian operations. The company employs more than 6,000 people across its remaining operating geographies (primarily Brazil and Argentina following the 2023 divestiture of African operations).

In April 2026, InterCement underwent a major debt restructuring led by Argentine energy mogul Marcelo Mindlin and Pampa Energía: $1.8 billion of debt was converted to equity, $110 million of new capital was injected, and total debt was reduced to approximately $450 million with no maturities until 2031. The restructuring transferred effective control of the company to the Mindlin-led investor group and signaled a strategic refocus on the core Brazil-Argentina cement platform after several years of portfolio divestitures (Portugal/Cape Verde in 2018, Paraguay in 2020, Egypt in 2023, and Africa in 2023).

Name

Intercement

Legal name

InterCement do Brasil S.A.

Website

https://intercement.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

InterCement is a Brazilian private cement manufacturer founded in 1967, operating 34 production units with 33+ million tons of annual capacity across Brazil and Argentina via its Loma Negra subsidiary. It produces cement, concrete, and aggregates for construction firms and infrastructure developers, using proprietary coprocessing technology for waste-derived energy.

Ownership category

akta.pro rank

Product category

Cement Manufacturing

NAICS

Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273), Ready-Mix Concrete Manufacturing (327320)

SIC

Cement, Hydraulic (3241), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

akta.pro secondary industries

Ready-Mix Concrete Production & Delivery (IMADAAAA), Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Aggregates Logistics, Terminals & Distribution (IMADAAAK)

Keywords

• Cement manufacturing
• Ready-mix concrete
• Construction aggregates
• Building materials
• Coprocessing technology

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Cement Sales: Production and sale of cement products through manufacturing facilities across Brazil, Argentina, Mozambique, South Africa, and Egypt. Products follow normative specifications of national industry regulatory bodies and international best practices.
2. Concrete and Aggregates: Sale of concrete and aggregate products for construction applications, with technical support and logistical excellence.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

InterCement manufactures and sells cement, concrete, and aggregates for the construction and infrastructure sectors through 34 production units with over 33 million tons of annual capacity. It distributes products through direct sales networks and regional subsidiaries including Loma Negra in Argentina and InterCement Brasil, applying coprocessing technology to reduce the carbon footprint of cement production.

Product overview

InterCement is a Brazilian private equity cement company operating as a unified platform with multiple regional brands. The company operates 34 production units with active capacity exceeding 33 million tons of cement per year across Brazil, Argentina, Mozambique, South Africa, and Egypt. Its core product portfolio comprises cement, concrete, and aggregates, delivered through regional subsidiaries including Loma Negra (Argentina, 9 factories), InterCement Brasil (15 factories), Amreyah Cement (Egypt, 1 factory), Cimentos de Moçambique (Mozambique), and NPC (South Africa, 3 factories). The company employs over 6,000 professionals and serves construction, infrastructure, and iconic construction projects worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Amigo Construtor: Customer program and platform for construction professionals in Brazil
• SER InterCement
• Instituto InterCement

Products and services

• Cement

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• Mozambique Matola IIminorStrategic or Co-development Partner · 1 January 2013Leasing of cement production unit in Mozambique (Matola II) in 2013, representing the company's 40th unit at the time.
• CimporminorStrategic or Co-development Partner · 1 January 2010InterCement acquired 33% of Cimpor's share capital in 2010. Cimpor was founded in 1896 in Portugal. Integration of InterCement-Cimpor was completed in 2012.
• Loma NegracoreStrategic or Co-development Partner · 1 January 2005Acquired in 2005, Loma Negra is a publicly-held company listed on NYSE and BYMA, holding approximately 45% of Argentina's cement market. It operates 9 cement factories in Argentina.
• Ferrosur RocaminorStrategic or Co-development Partner · 1 January 2005Railway and transport concession acquired alongside Loma Negra in 2005 for product transportation logistics.

Scale indicators10 records

Recent moves13 records

Expansion highlights4 records

Direct peers

• Votorantim Cimentos: Brazil's largest cement producer and InterCement's chief domestic rival. Both compete head-to-head in Brazil across cement, concrete, and aggregates, with overlapping regional footprints and similar downstream integration strategies.
• Cemex: Mexico-based global cement major with significant Latin American exposure, including operations across South America. Closely comparable to InterCement in product mix (cement, ready-mix, aggregates) and emerging-market concentration.
• Cementos Argos: Colombia-based cement producer with operations across Latin America and the United States. Comparable to InterCement in regional LatAm cement positioning, vertical integration into concrete, and exposure to emerging-market construction cycles.
• Buzzi SpA: Italian cement major with significant operations in Latin America (Brazil, Mexico). Closely comparable to InterCement in Brazilian market presence, vertical integration, and focus on integrated cement/concrete platforms.

Broad incumbents

• Holcim: One of the world's largest cement and aggregates producers with extensive Latin American operations, including Argentina. Competes with InterCement in cement, ready-mix concrete, and sustainable construction solutions across overlapping geographies.
• CRH plc: Ireland-based global building materials leader with major operations across the Americas. Comparable to InterCement in vertically integrated cement, aggregates, and concrete product offerings, though with broader geographic and product diversification.
• Heidelberg Materials: Germany-headquartered global cement, aggregates, and ready-mix concrete producer. Comparable to InterCement in core product portfolio, sustainability initiatives (including alternative fuels/coprocessing), and integrated operating model across multiple continents.

Regional players

• Dangote Cement: Africa's largest cement producer with pan-African operations, including Mozambique and South Africa where InterCement previously operated. Comparable to InterCement's prior African footprint and large-scale cement capacity expansion strategy.

Emerging players

• Ultratech Cement: India's largest cement producer with substantial capacity and emerging-market focus. Comparable to InterCement in growth-driven emerging-market strategy, scale economics, and integrated cement-to-concrete value chain positioning.

Others

• Taiheiyo Cement: Japan-based global cement producer with operations in the Americas (including via prior acquisitions). Comparable to InterCement in cement manufacturing technology, coprocessing/alternative fuels adoption, and integrated aggregates and concrete offerings.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@InterCementBr
• LinkedInlinkedin.com/company/intercementbr
• Instagraminstagram.com/intercement_brasil
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercement