Cement News tagged under: Brazil
InterCement continues to downsize as it wrestles with debt25 August 2023, Published under Cement NewsInterCement Participacoes SA (ICP), based in Sao Paulo, Brazil, continues to off-load assets as it attempts to manage a debt pile accumulated over a decade ago when the company acquired Cimpor, in its former guise as Camargo Correa. The multinational cement company, still controls 33.6Mta capacity across markets in Argentina, Uruguay, Brazil, South Africa and Egypt, although agreements have been made for the sale of assets in Africa, following the sale of Mozambique. In recent years, t... |
Votorantim Cimentos’ green credentials21 August 2023, Published under Cement NewsAs part of Votorantim Cimentos’ decarbonisation strategy, the company has become a pioneer in the promotion of Brazil’s first Environmental Product Declarations (EPDs) for cement and concrete products. The EPDs provide Votorantim’s customers with information on the environmental footprint of its products, enabling decisions geared toward more sustainable choices and helping them obtain green certifications. By Fabio Cirilo, Votorantim Cimentos, Brazil. First-ever environmental prod... |
Votorantim Cimentos reports BRL470m net profit in 2Q2314 August 2023, Published under Cement NewsVotorantim Cimentos ended the 2Q23 with BRL470m net profit, a 28 per cent increase compared to BRL366m (US$74.68m) in the same period last year. The company’s global net revenue in the quarter was BRL6.9bn, an increase of three per cent compared to the 2Q22, primarily due to the volume added by the Málaga plant in southern Spain acquired in November 2022. The company’s global cement sales in the 2Q23 totalled 9.5Mt, a slight decrease of one per cent compared to the 2Q22. Performance... |
Brazilian cement demand slips in July09 August 2023, Published under Cement NewsCement sales in Brazil decreased by 0.5 per cent YoY to 5.476Mt in July 2023 from 5.503Mt in the year-ago period, according to the national cement association, SNIC. While the main markets of the southeast and northeast saw a pick-up in demand to 2.573Mt (+1.5 per cent YoY) and 1.088Mt (+6.5 per cent YoY), respectively in July 2023, other regions saw a contraction of sales. The south reported a drop of 10.4 per cent YoY to 0.891Mt, the central-west a 2.2 per cent decline to 0.681Mt and in ... |
Buzzi SpA sees 1H23 volumes decline in Europe08 August 2023, Published under Cement NewsBuzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy were stable in the first six months of the year (-0.3 per cent), thanks to the recovery recorded in the second quarter. Ready-mix concrete output contracted, albeit moderately (-2.5 per cent). Selling prices closed the half-year without any significant changes compared to the level reached at the end of 2022... |
Buzzi SpA reports consolidated EBITDA up 58% in 1H2307 August 2023, Published under Cement NewsBuzzi SpA announced its 1H23 results reporting that consolidated EBITDA stood at EUR575.3m, up 57.6 per cent compared to EUR365.1m of the previous year. The figure for the period under review includes non-recurring income of EUR3.6m. Profit before tax amounted to EUR552.9m (EUR119.8m in the previous year), considering a contribution of EUR80.6m from equity earnings (EUR57.6m in 2022) and positive net finance costs of EUR24.9m (-EUR56m negative in 2022). After income taxes of EUR121.7m... |
InterCement assets in Brazil and Argentina are on other players' radar21 July 2023, Published under Cement NewsAccording to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market. According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c... |
Votorantim to receive US$150m loan for Salto plant18 July 2023, Published under Cement NewsThe International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Salto’s plant , in São Paulo State, Brazil, by upgrading kiln W4 and building a new residue-derived fuel (RDF) facility for refining solid non-hazardous and hazardous waste with an installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with approximately 34 per cent of alternative f... |
Brazilian cement demand up 1% in June17 July 2023, Published under Cement NewsBrazil’s cement market expanded by 1.4 per cent YoY to 5.253Mt in June 2023 from 5.182Mt in June 2022, according to the country’s cement association, SNIC. “Brazil's economy is starting to show signs of recovery with the expectation of growth in the Gross Domestic Product (GDP), control of inflation and improvement in labour market indicators. Even so, the Brazilian cement industry remains cautious in its performance assessment, pointing to stable sales in 2023 compared to the previous year... |
Brazilian cement market expands 1% in May13 June 2023, Published under Cement NewsCement sales in Brazil (excluding imports) increased by 1.2 per cent to 5.56Mt in May 2023, when compared with 5.494Mt in May 2022, according to the Brazilian cement association, SNIC. The northern market saw the biggest increase, by 8.3 per cent YoY, to 234,000t, followed by the south, where the uptick was 3.9 per cent YoY to 975,000t. The country’s largest sales region, the southeast reported a 3.9 per cent expansion of its sales to 2,647,000t. However, in the northeast, sales were down 1... |