Cement News tagged under: Brazil

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Brazil bans 50kg bags for domestic use

21 June 2018, Published under Cement News

The Brazilian cement sector has been given a decade to phase out 50kg bags of cement and replace them with 25kg sacks following an agreement between the country’s cement producers and the government. The step is to protect the health of workers that deliver the bags to work sites and according to the Department of Work “has the aim to bring the Brazilian industry in line with constitutional and international references to protect the health of the worker”. Some 33 companies in the sector,...

Adverse weather and foreign currency exchange affect Titan's 1Q18

24 May 2018, Published under Cement News

Τitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other currencies. Consolidated turnover reached EUR322.5m, recording a EUR39m decline compared to the previous year. EBITDA declined by EUR7.6m reaching EUR43.5m. Net profit after minorities and the provision for taxes was EUR0.9m, versus a EUR3.9m loss recorded in the 1Q17. Wet weather on the eastern coast of the ...

Brazilian cement sales in April report 9% increase

23 May 2018, Published under Cement News

Cement sales in Brazil increased 8.9 per cent to 4.352Mt in April 2018 when compared with 3.997Mt in April 2017, according to preliminary industry data published by the country’s cement association, SNIC. Exports were up 40 per cent to 7000t in April 2018 from 5000t from the year-ago period. According to the President of the National Union of the Cement Industry (SNIC), Paulo Camillo Penna, the increase in cement sales in April was directly impacted by the number of working days: "We had ...

Cemex considering Brazil and India entry

20 March 2018, Published under Cement News

Cemex CEO, Fernando González, said the company is considering entering two new emerging markets, Brazil and India, according to Construction LatinoAmericana. "We could make acquisitions if they meet the conditions we have set, but if we do not find an attractive option to buy, we will do something else," the executive said, referring to a possible repurchase of shares. During the Cemex Day 2018, the CEO said that the Board planned to ask shareholders in April to authorise the sale o...

Brazil's cement demand largely stable in February

14 March 2018, Published under Cement News

Brazilian cement demand reached 3.872Mt in February 2018, down 0.8 per cent from 3.902Mt reported in the year-ago period, according to the latest data from the country's cement association, SNIC. Sales in the northern region dropped by 16.9 per cent YoY to 0.167Mt from 0.167Mt, the largest regional contraction in the country in February 2018. The northeast and southeast saw demand decrease by 5.1 and 0.5 per cent, respectively, when compared with February 2017. This resulted in a demand o...

Brazil sales slip in January

13 February 2018, Published under Cement News

Brazilian cement sales were down 0.1 per cent YoY to 4.33Mt in January 2018, according to the country’s cement association, SNIC. Average sales per working day increased 0.2 per cent but apparent consumption fell 0.5 per cent to 4.44Mt. The results were in line with SNIC’s expectations, with sales expected to fall in 1Q18 before seeing increases in the 2Q18. In the 12 months ending January 2018 domestic sales saw an accumulated decrease of 6.2 per cent in comparison with the previ...

Cemex Latin American Holdings depressed by Colombia

12 February 2018, Published under Cement News

Cemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w...

Uruguay cement sales rise 3% in 3Q17

05 February 2018, Published under Cement News

Uruguayan cement producers sold 203.100t of cement in 3Q17, representing a 3.4 per cent YoY. While 159,900t was sold in the domestic market, cement manufacturers shipped 43,600t for export. "Cement sales in Uruguay have a high orientation to the domestic market and there is a high correlation between cement sales in tonnes and construction activity," says a report from the Chamber of Industries (CIU). While detailing that the volume of sales of cement in the domestic market (measured...

InterCement considers listing European and African operations

31 January 2018, Published under Cement News

Brazil-based InterCement Participações SA is considering listing its European and African operations to raise cash and reduce debt, Reuters reported. The company is expected to include in the listing Cimpor Cimentos de Portugal SA and mills in Cape Verde, Mozambique and South Africa, according to sources close to the matter. The transaction has been discussed with investment banks, but InterCement has not appointed financial advisors as yet. The company's controlling shareholder, ...

Brazil cement market faces subdued recovery

11 January 2018, Published under Cement News

Following three years of strong market contraction, Brazil’s cement producers may still face some months of weak demand before a pick-up in sales emerges. Brazil’s cement association, SNIC, estimates total sales growth for 2018 between 1-2 per cent, barely making up for the 24.2 per cent contraction since its 71Mta peak in 2014. In 2017 cement sales fell 6.4 per cent to 53.8Mt. An effective recovery in demand will only come in the second half," Paulo Camillo Penna, president of SNIC. ...