Votorantim

Votorantim's cement division saw first-quarter turnover improve by 6%, helped by a price increase in Brazil, but the EBITDA fell by 24.8% reflecting higher electricity and pet coke costs as well as the absence of the earnings of the plants sold to Lafarge as part of the Cimpor deal. Nevertheless, the Brazilian cement volume was 1% higher and North American cement shipments were 2% higher.