Cement News tagged under: Brazil
InterCement Participacoes defers debenture playments09 June 2023, Published under Cement NewsInterCement Participações SA (ICP) has reached an agreement with its debenture holders regarding the deferral of payments under the series of Brazilian law-governed debentures issued by the company and issued by InterCement Brazil SA (ICB), which allow the company to preserve its liquidity. The ICB holders have agreed to a short-term deferral of both, the principal and interest payments on the ICB debentures. In addition, ICP debenture holders have agreed to receive a partial paymen... |
Votorantim Cimentos SA applies for IFC loan for Salto project02 June 2023, Published under Cement NewsVotorantim Cimentos SA has requested a US$150m investment loan from the International Finance Corporation (IFC) for a capex project at its Salto plant in São Paulo, Brazil. The modernisation will give the plant new co-processing capacity. Kiln W4 will be upgraded and a new residue-derived fuel (RDF) facility will be constructed for refining solid non-hazardous and hazardous waste with the installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with app... |
Brazilian market sees 11% contraction in April17 May 2023, Published under Cement NewsCement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the market contraction to rising unemployment, a slow recovery of wages and high interest rates (currently at 13.75 per cent), which all led to a drop in building material sales and a fall in real estate launches and financing. “The results point to a worrying performance of the cement industry in view of the discussions on... |
Buzzi Unicem posts 1Q23 consolidated net sales of EUR955.9m15 May 2023, Published under Cement NewsConsolidated net sales for Buzzi Unicem in the 1Q23 reached EUR955.9m, a rise of 19.5 per cent compared to EUR8000.1m the 1Q22. However, Buzzi Unicem reported to a decline in sales volumes for the group in the first three months of 2023, both for cement (-8.8 per cent) and ready-mix concrete (-12.2 per cent). The strengthening of cement prices offset lower volumes in sales. Cement sales totalled 5,803,000t in the 1Q23 compared to 6,363,000t in the 1Q22. Ready-mix sales totalled 2,364,... |
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member09 May 2023, Published under Cement NewsOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Directors. Mr Castelli has worked for 26 years at Votorantim SA and became CEO of Votorantim Cimentos in February 2019. Under his leadership, Votorantim Cimentos grew and innovated, made important investments in Brazil, expanded internationally, advanced its go-to-market strategy, strengthened its adjac... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Cement sales in Brazil decline 2% in March14 April 2023, Published under Cement NewsBrazil’s cement market contracted by two per cent to 5.398Mt in March 2023 from 5.507Mt in March 2022, according to the country’s cement association, SNIC. The association attributes the fall to a prolonged period of heavy rains in several regions of the country as well as economic factors including high interest rates, inflation and household indebtedness, aggravated by the slowdown in the labour market. Monetary tightening, fiscal and political uncertainty, lower population income are key ... |
Votorantim Cimentos reports decarbonisation progress04 April 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with positive results in its decarbonisation journey. Globally, the company emitted 579kg of CO 2 /t of cement produced, a three per cent reduction compared to 2021. Between 1990 and 2022, Votorantim Cimentos reduced its CO 2 emissions per tonne of cement produced by 24 per cent. In 2022 Votorantim Cimentos’ thermal substitution rate through co-processing was 26.5 per cent, reflecting the increased use of alternative fuels (mainly waste and biomass) to r... |
FLSmidth wins Secil Supremo Cimento plant modification order23 March 2023, Published under Cement NewsFLSmidth has been awarded a contract to increase the capacity at Secil Supremo Cimento 's Adrianópolis plant to 3900tpd and at the same time decrease its dependence on fossil fuels. The Adrianópolis plant, located in the Brazilian state of Paraná, was initially supplied by FLSmidth and commissioned in 2015. The scope of supply for the Adrianópolis plant upgrade includes products and engineering to improve the pyroprocessing system. In particular, modifications will be made to the pr... |