Cement News tagged under: Votorantim Cimentos
Votorantim Cimentos awards Aumund pan conveyor contract01 September 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has awarded Aumund the contract for the replacement of a pan conveyor at its Xambioá plant in Tocantins, Brazil. The new Aumund Bucket Apron Conveyor type BZB will replace the existing pan conveyor used to transport clinker from the cooler to the silo. It has a centre distance of 92m and a conveying capacity of up to 170tph. A key benefit of the conveyor is the reduction of dust emissions and the prevention of wasteful spillage of dusty material into the ... |
Votorantim Cimentos 2Q20 cement sales edge up17 August 2020, Published under Cement NewsVotorantim Cimentos released its results for the 2Q20, announcing that the company’s cement sales volumes reached 7.5Mt, up 0.3 per cent on the 7.4Mt sold in the 2Q19. Net revenues reached BRL3876 (US$717.21m), up 18 per cent on the 2Q19 when it totalled BRL3298m. EBITDA amounted to BRL735m up from BRL491m in the 2Q19. Consolidated net revenues totalled BRL3.9bn in the 2Q20, an 18 per cent increase when compared to the same period of 2019, mainly explained by better volumes and prices in Vo... |
A new destination for waste10 August 2020, Published under Cement NewsTo support its drive to become part of a circular economy, Votorantim Cimentos has created Verdera, a nationwide provider of waste management services. The company enables the cement producer to reduce industrial and urban waste for landfilling through co-processing in Votorantim’s cement kilns. By Eduardo Porciuncula, Verdera (Votorantim Cimentos), Brazil. In the beginning, only used tyres were co-processed. Research has advanced and new materials have been incorporated, such as d... |
Slowly back on track in Brazil?04 August 2020, Published under Cement NewsFollowing a four-year downturn, Brazil’s cement sector was in recovery mode in 2019. However, after a slow start to the year due to inclement weather, the coronavirus pandemic resulted in a further drop in sales in spring. The latest data show signs of demand recovery with producers pinning hopes on the implementation of private and public construction projects. Brazil’s cement industry is expecting better news in the months ahead as the resumption of private and public constructio... |
Votorantim Cimentos sees net revenue up 9% in 1Q2022 May 2020, Published under Cement NewsVotorantim Cimentos' financial statement for the period ended 31 March 2020 reported net revenue up nine per cent to BRL2747m (US$494.6m) from BRL2524m in the 1Q19, while adjusted EBITDA fell to BRL232m from BRL586m in the 1Q19. Group cement volumes declined slightly to 6.3Mt from 6.4Mt in the year-ago period. Net revenues in Brazil in 1Q20 rose to BRL1563m from BRL1536m in 1Q19. Positive market dynamics were seen before the outbreak of COVID-19 in March. However, the expansion project at ... |
Moody's changes outlook for Votorantim Cimentos31 March 2020, Published under Cement NewsThe outlook for Brazil’s Votorantim Cimentos has been downgraded from positive to negative by Moody’s Investors Service. However, the Ba1 rating for the company has been affirmed. The credit ratings agency has also downgraded the outlook for Votorantim Cimentos’ subsidiary St Marys Cement to negative from positive. |
Votorantim Cimentos records 3% rise in 2019 revenue27 March 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has seen a three per cent rise in consolidated net revenue to BRL13bn (US$2.61m) in 2019, compared to BRL12.6bn recorded in the previous year. Consolidated EBITDA saw a modest increase of one per cent YoY to BRL2.7bn from BRL2.6bn, with a margin of 20 per cent (21 per cent in 2018). Brazil Net revenue in the company’s domestic market was up four per cent from BRL6.6bn in 2018 to BRL6.8bn in 2019, mainly due to higher volumes and prices in the cement market... |
Votorantim Cimentos to install distribution centre in Uberaba20 March 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has announced plans to build a distribution centre in Uberaba, Minas Gerais, Brazil. The new centre will have storage space of 2000m2 and will serve the Uberaba region and a radius of 100km. The unit is expected to be operational in the 2H20 and provide improved and faster services for the region’s customers. |
Votorantim Cimentos reports positive 2Q net results26 September 2019, Published under Cement NewsVotorantim Cimentos saw its consolidated net revenues from goods sold and services rendered increase 3.7 per cent to BRL5.822bn (US$ 1.403bn) in the first half of 2019 when compared with the 1H18 when net sales reached BRL5.612bn, according to a company statement. However, as cost of goods sold and services rendered was up 5.8 per cent from BRL4.724bn in the 1H18 to BRL4.997bn in January-June 2019, gross profits were down 7.1 per cent from BRL888.1m in the 1H18 to BRL825.3m in the January... |
Votorantim creates new unit to assist alternative material co-processing17 September 2019, Published under Cement NewsBrazil’s Votorantim Cimentos has created a new business unit, named Verdera, to manage and provide services throughout the co-processing chain of alternative materials used in cement production. The company announced an investment plan of BRL400m (US$98m) to develop the unit over the next four years. The goal of Verdera is to offer waste disposal services to different companies and industries. Furthermore, the company plans to increase its petcoke substitution rate from 25 per cent to 80... |