Cement News tagged under: Votorantim Cimentos
Votorantim Cimentos sees regional sales pick-up in 2Q2112 August 2021, Published under Cement NewsVotorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same period last year. In Brazil Votorantim Cimentos recorded a net revenue of BRL2565m (US$494.2m) in the 2Q21, up 46 per cent from BRL1760 in the 2Q20. Adjusted EBITDA grew by 167 per cent in 2Q21 in Brazil at BRL659m compared to BRL247m in the 2Q20. "Brazil has seen 30 per cent increase in cement demand YoY,” said Osvald... |
Working in the present, looking to the future09 August 2021, Published under Cement NewsWhile 2020 was a difficult year for the cement industry, Brazil’s leading cement player adapted and continued its expansion. Sustainability and the health and safety of its staff were key considerations in addressing the challenges of last year and those ahead in 2021. By Marcelo Castelli, Global CEO, Votorantim Cimentos, Brazil. Votorantim’s Cantagalo plant benefitted from domestic consumption growth The year 2020 brought countless challenges to all of us. We experienced a sign... |
Holcim Brazil asset sale expected02 August 2021, Published under Cement NewsLafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are believed to be among the potential bidders. A report by Reuters says, Holcim would be looking for proceeds if US$1-1.5bn from the sale. Reuters spoke to two people said to be in the know about the potential sale and bidders. The sale is likely to see several of the named Brazilian cement producers set to acquire par... |
Votorantim Cimentos set to acquire Cementos Balboa30 June 2021, Published under Cement NewsVotorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has entered into an agreement for the full acquisition of Cementos Balboa. Cementos Balboa has an integrated plant in Alconera, southwest Spain, with an installed production capacity of 1.6Mta. "This transaction, which I am pleased to announce today, exemplifies our growth and positioning strategy in Spain, strengthening our current footprint in the country", said Marcelo Castelli, Global CEO of Votorantim Cimentos.... |
Asment Temara’s automated truck dispatch approach28 June 2021, Published under Cement NewsVotorantim Cimentos Morocco has implemented a new automatic truck dispatch system to manage the flow and loading of trucks within its Asment Temara cement works. The move is part of the group’s global strategy to improve the customer experience and accelerate the digital transformation of processes. By Fabricio Perretto Rodrigues, Votorantim Cimentos Europa, Asia & Africa. Votorantim Cimentos Morocco installs a new automatic truck dispatch system at its plant in Temara, Morocco ... |
Moody's Investor Service upgrades Votorantim SA and Votorantim Cimentos21 June 2021, Published under Cement NewsMoody’s Investors Service has assigned an investment grade rating on a global scale to the holding company Votorantim SA and its portfolio company Votorantim Cimentos. Moody’s upgraded the rating of both companies from Ba1 to Baa3, with a stable outlook. “This is a recognition of the strength and consistency of our results, both in Brazil and abroad. Our company’s leverage is the lowest it has ever been for the past 13 years, and we are ready for new investment opportunities,” said Sergi... |
Votorantim Cimentos reports BRL22m net profits in 1Q2120 May 2021, Published under Cement NewsVotorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20. The company's global net revenue in the first quarter of the year was BRL4bn, an advance of 46 per cent in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the devaluation of the real against foreign currencies in its international operations. The compan... |
Fitch revises Votorantim Cimentos' outlook to stable05 May 2021, Published under Cement NewsFitch Ratings has affirmed Votorantim Cimentos SA's (VCSA) Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-' and revised the rating outlook to ‘stable’ from ‘negative’. The change in outlook mirrors that made to VCSA's ultimate parent, Votorantim SA (VSA). VCSA accounted for 55 per cent of VSA's EBITDA during 2020 and 46 per cent of its debt. These figures compare with 45 per cent of EBITDA in 2019 and 53 per cent of the group's debt. Fitch noted that: "Although there ... |
Cementos Cosmos invests EUR4.4m in PV plant02 December 2020, Published under Cement NewsCementos Cosmos, part of Votorantim Cimentos, plans to install a 6.2MW photovoltaic facility at its plant in Toral de Vados, Spain. The facility will consist of 14,028 solar panels and will be located on a 10ha plot near the Toral de los Vados industrial estate. The project represents and investment of EUR4.4m and when completed will supply 15 per cent of the plant’s electricity requirement. In addition, the alternative power supply will reduce the carbon emissions of the cement plant by 35... |
Cementos Artigas to shift grinding to Minas plant13 November 2020, Published under Cement NewsCementos Artigas, the joint venture of Cementos Molins and Votorantim Cimentos, has commenced a US$40m project to unify its cement production in Uruguay. The project will integrate the company’s grinding plant, currently located in Montevideo, with its clinker plant at Minas, 100km from the capital to achieve “a more efficient and sustainable” unified production line, according to the company. A new state-of-the-art vertical cement mill and new cement silos will be installed at the Minas p... |