Cement News tagged under: Brazil
Brazilian cement demand edges up 1% in 1Q1916 April 2019, Published under Cement NewsBrazil’s cement sales increased 1.3 per cent YoY to 12.7Mt in the 1Q19, according to preliminary data from the country’s cement association, SNIC. The modest rise in demand has been driven by the real estate sector as federal and state governments have seen a low level of investments. "The indicators of real estate financing continue to advance, which leaves us optimistic to project growth of approximately three per cent in the year," said SNIC president, Paulo Camillo Penna In March cem... |
Votorantim on course to diversify and make new investments04 April 2019, Published under Cement NewsVotorantim SA's CEO, João Miranda, says the company is preparing to further diversify its portfolio after reaching its leverage ratio goal in 2018. The group is seeking investments in areas such as infrastructure and commercial properties in Brazil, as well as cement or building materials makers in developed countries. "The group is not in a rush to invest, but it seeks assets to ensure a steady flow of dividends," said Mr Miranda. Votorantim's net debt ended 2018 at BRL13.2bn (US$3.42bn),... |
Metso Brazil starts celebrating its centenary04 April 2019, Published under Cement NewsThe Brazilian Metso operation (Metso Brazil) is celebrating this June the historic mark of 100 years of activities in the country. The company is conducting a series of events throughout the year, beginning with Metso units in the locations where it operates and concluding with the company's book launch about the company's history in November. "It is a privilege for each of us to look at these 100 years of history and know that we were the ones who built them. More important than looking b... |
SNIC reports rise in February sales but warns of uncertainty13 March 2019, Published under Cement NewsCement sales in Brazil increased by 6.4 per cent YoY to 4.1Mt in February 2019, according to the country's cement association, SNIC. According to SNIC President, Paulo Camillo Penna, last month's results were directly influenced by the comparison of working days. "February's performance was increased by just two working days more than in February 2018 due to the carnival holiday. If we analyse the sales per working day the result of February is 3.2 per cent lower than the same month last ... |
Brazil cement market expands 4% in January 201914 February 2019, Published under Cement NewsDomestic cement sales in Brazil totalled 4.5Mt in January 2019, according to the National Union of the Cement Industry (SNIC). When compared with January 2018, the latest data reflect an advance of 4.2 per cent. In terms of days worked, domestic sales advanced 2.5 per cent MoM. Domestic sales jumped by 10.8 per cent in Brazil’s south to 738,000t and significant gains were also reported in the central-eastern part of the country with sales increasing 7.6 per cent to 467,000t. However, in th... |
Vicat04 February 2019, Published under Cement NewsVicat subsidiary Sinai Cement is to invest up to a further EUR30m to meet the increasing demand for the company’s products. In Brazil Vicat has completed the purchase of a 64.74 per cent interest in Cimento Planalto, which operates a 3.2Mta cement works near Brasilia, nine ready-mixed concrete plants and five sites for extracting aggregates. |
Vicat closes acquisition of Ciplan22 January 2019, Published under Cement NewsVicat Group has announced the closure of its Ciplan acquisition and now holds a 64.7 per cent stake in the company. The deal was structured through a reserved capital increase of EUR295m, with the proceeds used to settle a vast majority of Ciplan’s existing debt, according to a press release. "With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspe... |
Brazil cement sales slip 1.2% in 2018, growth return in 201910 January 2019, Published under Cement NewsCement sales in the Brazilian market remained largely stable at 3.964Mt in December 2018 from 3.97Mt in December 2017, according to the latest data from the country’s cement association, SNIC. In the central-eastern part of the country sales advanced 5.5 per cent YoY to 400,000t. Growth was also reported in the key southeastern region (+3.2 per cent), where sales reached 1.882Mt, and the south, which saw sales increase by 1.1 per cent to 646,000t. However, in the northeast a 4.9 per cent Yo... |
Brazil’s cement sales up 2% in November19 December 2018, Published under Cement NewsCement sales in the Brazilian market between January and November 2018 totalled 48.7Mt, representing a 1.2 per cent fall YoY, according to the National Union of the Cement Industry (SNIC). Apparent consumption of cement, which includes domestic sales plus imports, slipped 1.5 per cent YoY to 49Mt. In addition, Brazil’s cement producers exported 78,000t of cement during 11M18, up 5.4 per cent when compared with 11M17, when 74,000t were exported. In November 2018 alone, 4.545Mt of cement w... |
Votorantim appoints new global CEO04 December 2018, Published under Cement NewsMarcelo Castelli has been appointed Votorantim Cimentos' new global CEO starting on 1 February 2019. He succeeds Walter Dissinger, who led the company for more than five years and will take on new challenges. Mr Castelli is an executive with a career of over 31 years. In 1997 he started working at VCP (Votorantim Celulose e Papel), since then, he has held several executive positions and coordinated the merger of Aracruz and VCP, which created Fibria. At the company, Castelli was the execut... |