Cement News tagged under: Brazil
Votorantim: solid but flexible28 August 2019, Published under Cement NewsBrazil’s largest cement producer and a key international player, Votorantim Cimentos embraces the concept of being a solid company that is responsive to change. New global CEO Marcelo Castelli speaks with ICR about expectations for the markets in which it operates, changes to its business model in terms of portfolio diversification, and achievements under the company’s strong commitment to sustainablity and tackling climate change. Marcelo Castelli, Votorantim Cimentos’ new global CEO... |
Brazil cement market expands 8% in July12 August 2019, Published under Cement NewsBrazilian cement sales increased 8.1 per cent YoY to 4.953Mt in July 2019, according to the country’s cement association, SNIC. The market expanded most in the south, advancing by 11.2 per cent to 827,000t, followed by the central-west by 10.9 per cent to 579,000t. The southeast, Brazil’s largest market, expanded by 9.1 per cent to 2.406Mt YoY, while the country’s smallest market, the north, saw offtake expand by 7.8 per cent to 221,000t. In the northeast, sales edged up by 1.4 per cent t... |
Brazilian cement sales edge up in 1H1912 July 2019, Published under Cement NewsCement sales in Brazil in January-June 2019 increase 1.5 per cent YoY to 25.8Mt, according to the country’s cement association, SNIC. In June 4.2Mt of cement were sold, down 15.7 per cent YoY. In terms of domestic sales per working day increased 1.8 per cent MoM but fell 7.9 per cent when compared with June 2018. "The performance of June ended up adjusting the high expansion of the month of May of 2019, which originated the very low performance of the same month of the previous year occa... |
CSN Cimentos plans new 3Mta plant in Brazil14 June 2019, Published under Cement NewsBrazil’s CSN Cimentos has announced plans to invest BRL1.5bn (US$387.84m) for a new 3Mta cement facility in Paraná. Eduardo Bekin, president of the Paraná State Development Agency, has confirmed that the company already has the authorisation to conduct economic viability studies and should confirm the plant by late August. The company considered constructing the plant in Sergipe State, where it owns a limestone mine, according to Valor. The final decision reportedly rests on whether the com... |
Brazil's cement sales rise 6% in 5M1912 June 2019, Published under Cement NewsIn May apparent cement consumption (domestic sales plus imports) in Brazil increased 27.7 per cent YoY to 4.6Mt, according to the country's cement association, SNIC. The sharp rise reflects the 10-day nationwide truckers' strike in May 2018 that damaged economic activity and saw domestic cement sales down by 0.9Mt. Sales were up 30.5 per cent in the key southeast market to 2.262Mt, while the northeast – the country's second-largest market – reported a 23 per cent advance to 0.889Mt. In the s... |
Votorantim Cimentos records 6% net revenue rise06 June 2019, Published under Cement NewsBrazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E... |
Time for a Brazilian adventure?28 May 2019, Published under Cement NewsFollowing the entry of Titan Cement into Brazil in 2016, fellow multinational cement producers Vicat and Buzzi Unicem have recently stepped into the local cement market despite the country’s falling cement demand last year. Others may follow this trail if Brazil’s cement market shows further signs of growth in 2019, but timing will be key. While cement demand declined in 2018, forecasts for 2019 indicate better times ahead Brazil remains one of the largest cement markets in the ... |
Can Titan expect a better 2019?24 May 2019, Published under Cement NewsThis week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge... |
Titan reports 13% advance in 1Q turnover but EUR6.2m net loss23 May 2019, Published under Cement NewsGreece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E... |
Brazil's cement sales record slight rise in April13 May 2019, Published under Cement NewsCement sales in Brazil increased by 0.9 per cent in the first four months of this year to 17Mt, according to preliminary figures from industry association SNIC. During the period, the real estate segment was the main driver of cement sales, as infrastructure projects continue to advance only slowly due to low public investments. In April, cement sales rose 0.2 per cent to 4.36Mt compared with a year ago. For May, the association forecasts a better performance, but mainly because of a weak... |