Cement News tagged under: Brazil

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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. ...

Votorantim Cimentos reports stable 3Q revenues but drop in adjusted EBITDA

16 November 2017, Published under Cement News

In its third-quarter 2017 results announcement Brazil’s Votorantim Group reported a one per cent increase in the net revenues of Votorantim Cimentos to BRL3.208bn (US$968.2m) from BRL3.19bn in 3Q16. Adjusted EBITDA fell 27 per cent YoY to BRL521m in 3Q17 from BRL715m in the year-ago period. The company’s EBITDA margin stood at 16 per cent. Brazilian results were negatively impacted by a BRL134m non-recurring tax adjustment, leading to a fall in adjusted EBITDA of 45.4 per cent YoY, accord...

New cement type from olive stone ash and blastfurnace slag

14 November 2017, Published under Cement News

Researchers in Spain and Brazil have developed a new type of cement manufactured from olive stone ash and blastfurnace slag as a more sustainable alternative to currently-produced cements. The new cement has been created by researchers from the Universitat Politècnica de València (UPV) and the Universidade Estadual Paulista (UNESP) of Brazil, according to UPV sources. Dr Jordi Payá, researcher at the Institute of Science and Technology of Concrete (ICITECH) of the UPV, says that this n...

Votorantim Cimentos to sell stake in Suwannee American

28 September 2017, Published under Cement News

Brazil-based Votorantim Cimentos is to sell its 50 per cent stake in Suwannee American Cement (SAC), located in northern Florida, USA. The sale is part of Votorantim’s strategy of prioritising assets and reducing its debt. SAC supplies cement to the construction markets of Florida and southern Georgia from its 1Mta Branford plant. Although the plant was in the path of Hurricane Irma, it has remained largely unaffected, according to information obtained by ICR. Thanks to precautions ta...

Brazil eight-month sales update

13 September 2017, Published under Cement News

Cement sales in Brazil for the first eight months of 2017 fell by eight per cent YoY to 35.7Mt, according to preliminary industry data gathered by Sindicato Nacional da Indústria do Cimento (SNIC). In August 2017 alone, sales fell by 0.9 per cent YoY to 5Mt. Sales per working day were down by 0.9 per cent YoY but saw growth of 0.1 per cent compared to July 2017. Cumulative 12 month sales In the 12 months to the end of August 2017, cumulative sales totalled 54.3Mt, 8.8 per cent less th...

Spotlight on CRH

25 August 2017, Published under Cement News

CRH reported 'satisfactory growth' in the first half of this year, with stabilising trends seen in key European markets and EBITDA growth in the Americas more than offsetting reduced activity in Asia due to a challenging market environment in the Philippines. First-half trading highlights for the international building materials group include sales of EUR13bn, two per cent ahead of 2016 and one per cent ahead on a like-for-like basis. EBITDA of EUR1.175bn were up by five per cent YoY and t...