Cement News tagged under: CSN
Holcim closes Brazilian deal07 September 2022, Published under Cement NewsHolcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals from Brazilian authorities. This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Latin America remains a core strategic growth region for Holcim, according to the group. In the first half of 2022 Holcim completed a new ceme... |
CSN gets green light to acquire LafargeHolcim Brasil19 August 2022, Published under Cement NewsBrazil’s antitrust regulator CADE has given its approval to steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local cement business. The deal is believed to be worth US$1bn, according to Reuters. CSN first announced its acquisition of LafargeHolcim Brasil in September 2021 as Holcim made moves to diversify away from its core business of cement. The board of directors at CADE reportedly approved the deal with a 7-0 unanimous vote, which will come as a blow to Braz... |
Holcim divests Brazilian business10 September 2021, Published under Cement NewsHolcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a... |
CSN reports stable quarterly cement performance05 May 2021, Published under Cement NewsBrazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.” The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent. According to the latest data by the National Union of the Cement In... |
Brazil: CSN 3Q16 revenue up 13.6% YoY17 November 2016, Published under Cement NewsBrazilian steel and cement maker Companhia Siderurgica Nacional's (CSN) 3Q16 results improved in comparison with the year-ago quarter, primarily due to higher sales volume in the mining segment. The company's net loss contracted 80 per cent YoY to BRL106.6m (US$32.9m). CSN generated net revenue of BRL4469.2m (US$1379.4m) from all its operations, increasing 13.6 per cent YoY. Approximately 47 per cent of CSN's net revenue was generated from domestic markets, while the rest was sourced... |
Brazil: CSN considering merger with cement unit13 April 2015, Published under Cement NewsBrazilian steelmaker CSN is considering a merger with its subsidiary CSN Cimentos, Business News Americas reported. CSN, in a regulatory filing, said it would present the proposal to shareholders for approval. The merger would help CSN achieve synergies and economies of scale. It would result in "process optimisation and maximised results," with all business and administrative activities carried out via a "single organizational structure," CSN said. The net worth of CSN Cimentos is BRL1b... |
Brazil: CSN reports 3Q13 earnings19 November 2013, Published under Cement NewsCompanhia Siderurgica Nacional (CSN)announced its results for the 3Q13 and 9M13, posting a record net revenue of BRL4.7bn (US$2bn) in 3Q13, 15 per cent up on 2Q13. Year-to-date net revenue came to BRL12.4bn, also a new record. The adjusted EBITDA totalled BRL1.7bn in 3Q13, 51 per cent up on the BRL1.1bn recorded in 2Q13, fuelled by the mining and steel segments. The consolidated EBITDA margin reached 31 per cent in 3Q13, the highest quarterly figure since 4Q11. Net revenue from steel opera... |
CSN plans to invest in new capacity, Brazil06 November 2012, Published under Cement NewsBrazilian steel major Companhia Siderúrgica Nacional (CSN) plans to invest BRL1bn (US$491m) to set up four cement facilities in the state of Minas Gerais which would increase the company's capacity from 2.4Mta to 5.4Mta. Currently the company plans to set up three integrated cement plants and a second clinker unit, adding to its one at Arcos which began operations in May 2011. The new plant is to have a capacity of 6500tpd, according to reports by Brasil Economico. |
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