Cement News tagged under: Brazil

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Votorantim appoints new global CEO

04 December 2018, Published under Cement News

Marcelo Castelli has been appointed Votorantim Cimentos' new global CEO starting on 1 February 2019. He succeeds Walter Dissinger, who led the company for more than five years and will take on new challenges. Mr Castelli is an executive with a career of over 31 years. In 1997 he started working at VCP (Votorantim Celulose e Papel), since then, he has held several executive positions and coordinated the merger of Aracruz and VCP, which created Fibria. At the company, Castelli was the execut...

Achieving AF and NOx goals

27 November 2018, Published under Cement News

With reducing fuel costs and sustainability in mind, Brazilian producer Cimento Nacional is persistently striving to implement innovative methods to increase alternative fuels (AF) utilisation while reducing emissions. With the help of an advanced MI-CFD modelling technique the company has successfully achieved this goal at its Sete Lagoas plant, increasing its AF thermal substitution rate and reducing NO x emissions. By Ablail Paula Pinheiro, Joana Bretz de Souza, Cinar Brasil, Brazil, Tah...

Brazilian cement market sees 2% slip in 10M18

27 November 2018, Published under Cement News

Cement sales in Brazil by domestic producers totalled 44.2Mt in the first 10 months of 2018, and were down 1.5 per cent YoY, according to SNIC, the country’s cement association. Brazil’s apparent consumption of cement (domestic sales + imports) totalled 44.4Mt between January-October 2018, representing a 1.9 per cent YoY decrease. SNIC President, Paulo Camillo Penna, said that although October sales increased by 5.2 per cent in relation to the same period in 201, this uptick is insufficie...

Uruguayan 3Q domestic cement sales up 14%

26 November 2018, Published under Cement News

Cement sales in Uruguay increased 14 per cent YoY to 181,000t in the July-September quarter, according to a report by the country’s Chamber of Industries. However, exports fell by 74 per cent to 12,000t during the same period. Around 60 per cent of exports are delivered to Paraguay, followed by Argentina (27 per cent) and Brazil (13 per cent). Imports were negligible in the third quarter of 2018 and in the year to date, accounted for around 8.9 per cent of apparent consumption.

Vicat

01 November 2018, Published under Cement News

Vicat is taking a majority stake of around 65 per cent in the Brazilian cement producer Cimento Planalto through a EUR290m capital increase. Cimento Planalto operates a 3.2Mta cement works located not far from the capital Brasilia as well as nine concrete batching plants and five aggregates quarries.

InterCement sells Portugal operations in further deleveraging

29 October 2018, Published under Cement News

To help reduce its indebtness, InterCement is leaving the European market. Controlled by Mover Participações (current holding company of the Camargo Corrêa group), the company agreed on Friday to sell its cement and concrete operations in Portugal and Cape Verde to Turkish group Oyak, according to Valor International. While the price of the divestment was undisclosed, the deal is believed to have cost a little over US$800m, according to industry analysts. The divestment will see the owner...

Brazil 9M cement demand slips

23 October 2018, Published under Cement News

Brazil’s cement producers sold 4.564Mt of cement to domestic customers in September 2018, down 5.6 per cent when compared to the 4.835Mt sold in the year-ago period, according to the country’s cement producers’ association, SNIC. In addition, they reported stable exports of 7000t in September. In the first nine months of 2018 domestic sales slipped 2.2 per cent from 40.34Mt in 9M17 to 39.454Mt in 9M18. Exports edged up from 60,000t to 63,000t, representing a five per cent rise YoY. From Ja...

Vicat Group acquires major stake in Ciplan

05 October 2018, Published under Cement News

France’s Vicat Group has announced the acquisition of a major stake in Brazil’s Cimento Planalto (Ciplan). The transaction represents a reserved capital increase of EUR290m for a stake of approximately 65 per cent, with the closing of the deal subject to the fulfilment of certain conditions. Proceeds of the agreement will be used to settle a vast majority of Ciplans’ existing debt.  The company operates a 3.2Mta cement plant in Brasilia, alongside nine ready-mix facilities and five aggrega...

Votorantim

02 October 2018, Published under Cement News

Votorantim Cimentos saw its first-half turnover improve by 14.9 per cent to BRL5738m (EUR1177m/US$1428m), while the cement sales advanced by 18 per cent to BRL4191m (EUR890m). The aggregates turnover rose by 52.9 per cent to BRL198m (EUR40.6m), while the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m (EUR209m). The turnover in other products and services declined by 11.7 per cent to BRL330m (EUR67.7m). The trading profit came off by 13.2 per cent to BRL338m...

Buzzi Unicem

02 October 2018, Published under Cement News

Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand to purchase a 50 per cent stake BCPAR. This will involve a capital outlay of BRL700m (EUR144m), half of which will come in the form of a capital increase. It is expected that the deal will be concluded by the end of the year. There will be an option to acquire the remainder of the share capital during the 2025-26 period. In 2017 BCPAR generated a turnover of BRL538m (EUR110m) and an EBITDA of BRL88m (EUR18m) when 2.7Mt of ce...