Cement News tagged under: Brazil
InterCement Participações completed BRL1bn debenture amortisation05 October 2021, Published under Cement NewsIInterCement Participações SA (ICP) has concluded the partial amortisation of its debentures for BRL1bn (US$180m). The transaction follows a new debt issuance from its subsidiary, InterCement Brasil SA (ICB), of the same amount in local debentures. ICB and ICB agreed on an intracompany loan agreement as well for BRL1bn. The transactions do not change either company’s consolidated debt, although it materially reduced the indebtedness of ICP stand alone, while optimising ICB’s capital... |
Brazil's cement sales expand in August14 September 2021, Published under Cement NewsCement sales in Brazil edged up 1.1 per cent YoY to 5.864Mt in August 2021, according to SNIC, the country’s cement association. However, when considering the number of days worked, domestic sales slipped by one per cent in August 2021. In the southeast, the largest market, sales increased by 1.7 per cent YoY to 2.711Mt from 2.665Mt in August 2020. However, in the northeast sales declined by 3.4 per cent YoY to 1.161Mt from 1.202Mt over the same period. In the south, sales advanced 7.2 per... |
Holcim divests Brazilian business10 September 2021, Published under Cement NewsHolcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a... |
Votorantim Cimentos sees regional sales pick-up in 2Q2112 August 2021, Published under Cement NewsVotorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same period last year. In Brazil Votorantim Cimentos recorded a net revenue of BRL2565m (US$494.2m) in the 2Q21, up 46 per cent from BRL1760 in the 2Q20. Adjusted EBITDA grew by 167 per cent in 2Q21 in Brazil at BRL659m compared to BRL247m in the 2Q20. "Brazil has seen 30 per cent increase in cement demand YoY,” said Osvald... |
Brazil's cement market expansion decelerates in July11 August 2021, Published under Cement NewsCement sales in Brazil remained almost level in July 2021 at 5.9Mt, representing a 0.1 per cent YoY increase from 5.897Mt in July 2020, according to SNIC, the industry’s professional body. All regional markets, except for the South, showed small to moderate contractions. In the South sales were up 9.9 per cent to 1.019Mt, but at the other end of the spectrum sales in the Northeast, the country’s second-largest market, were down four per cent to 1.158Mt. The key Southeast market contracted ... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |
Working in the present, looking to the future09 August 2021, Published under Cement NewsWhile 2020 was a difficult year for the cement industry, Brazil’s leading cement player adapted and continued its expansion. Sustainability and the health and safety of its staff were key considerations in addressing the challenges of last year and those ahead in 2021. By Marcelo Castelli, Global CEO, Votorantim Cimentos, Brazil. Votorantim’s Cantagalo plant benefitted from domestic consumption growth The year 2020 brought countless challenges to all of us. We experienced a sign... |
Brazil: striking the right balance02 August 2021, Published under Cement NewsThe Brazilian cement industry has contributed greatly to the country’s development, providing high-quality products in line with demanding sustainability requirements. As the industry adjusts to the impact of COVID-19, producers continue to seek the balance between higher production, maintaining quality and reducing emissions even further. By Sindicato Nacional da Indústria do Cimento (SNIC), Brazil. Brazilian cement association SNIC provides an overview of the domestic cement sector ... |
Holcim Brazil asset sale expected02 August 2021, Published under Cement NewsLafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are believed to be among the potential bidders. A report by Reuters says, Holcim would be looking for proceeds if US$1-1.5bn from the sale. Reuters spoke to two people said to be in the know about the potential sale and bidders. The sale is likely to see several of the named Brazilian cement producers set to acquire par... |
Titan Cement’s reports strong US and Greek revenues in the 1H2130 July 2021, Published under Cement NewsTitan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in US dollar terms in the 1H21 but was almost flat in euro terms (+0.8 per cent) at EUR479.3m. US EBITDA reached EUR81.2m, up by 1.9 per cent in US dollar terms but down 6.8 per cent in euro terms when compared with the 1H20. The discrepancy is due to higher maintenance costs in the 1H21 as well as increased logisti... |