Cement News tagged under: Brazil
Votorantim to use stake sale to invest in cement, mining division19 January 2012, Published under Cement NewsProceeds from the sale of Votorantim’s stake in steelmaker Usiminas will be used to fund expansion in its cement and mining divisions, Chief Executive Faul Calfat has said. Calfat told Valor Economico newspaper that the BRL2.4bn (US$1.34bn) recieved for Votorantim Industrial’s 13.5 per cent voting stake in Usiminas had boosted the group’s cash holding to BRL11.5bn. The group’s cement unit is to receive one-third of the proceeds, Calfat told Valor, adding that the money would go to the ... |
Brazil cement sales rise 7.3% in 201112 January 2012, Published under Cement NewsBrazilian cement demand has continued its upward momentum with 2011 sales advancing 7.3 per cent YoY, latest data from Sindicato Nacional da Indústria de Cimento shows. Preliminary industry figures and market estimates, show that domestic sales reached 63.5Mt in 2011 compared to 59.12Mt in the previous year. Including cement exports, which totaled 44,000t last year, full year sales from Brazil were 63.55Mt against 59.19Mt in 2010. Statistics for December alone showed sales reached 5Mt,... |
Votorantim steps up performance26 October 2011, Published under Cement NewsBrazil’s market leader, Votorantim Cimentos, is embarking on a new phase of growth, which will see the company not only consolidate its local market position, but expand activities throughout the Latin American continent. International Cement Review talks to Edvaldo Rabelo, Votorantim’s Global Technical Director, about the current expansion programme, the company’s international ambitions, and a range of topics including sustainability, carbon reduction and alternative fuel technology. ... |
Brazil: project quick-build21 October 2011, Published under Cement NewsVery few places in the world are enjoying the carnival building and development spending-spree that Brazil is currently witnessing. Cement producers are already operating at full capacity, and new facilities will add much needed cement to the market. Keeping pace with construction demand is proving difficult and the race is on to finish many important infrastructure projects for the FIFA World Cup and Olympic Games. Brazil has one of the fastest growing economies of the world and its ... |