Cement News tagged under: Brazil

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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...

Brazilian July sales down 10.5%

16 August 2017, Published under Cement News

Domestic cement sales in Brazil fell by 10.5 per cent in July 2017 to 4.7Mt compared to July 2016, according to data from SNIC, Brazil's national cement industry association. Sales per working day were also down by 10.5 per cent in the YoY comparison, but up by 3.3 per cent compared to June 2017,  Sales per working day were also down by 10.5 YoY, but up by 3.3 per cent compared to June 2017. Apparent consumption (domestic sales + imports) in July 2017 stood at 4.7Mt, down by 10.1 per ce...

Magnesita's first-half revenue rises 14%

15 August 2017, Published under Cement News

Magnesita Refratários SA, a global leader in refractory solutions and industrial minerals, recorded consolidated net revenue of US$552m in the first half of 2017, representing a 14 per cent YoY increase over the comparative period of 2016. Adjusted EBITDA reached US$91m in the 1H17, up by 13 per cent over 1H16, with a 16.5 per cent margin in the period. The performance was mainly driven by the 10.3 per cent increase in sales to the steel industry. Record in dead burnt magnesia sales, whic...

Cement demand in Brazil continues fall in 1H17

12 July 2017, Published under Cement News

Cement sales in Brazil in the 1H17 fell 8.8 per cent YoY as the domestic market required 26.015Mt of cement, according to Brazil’s cement association, Sindicato Nacional de la Industria del Cemento (SNIC). In the southeast of the country, the largest segment, sales fell from 13.12Mt in 1H16 to 12.21Mt in 1H17, representing a decrease of 6.9 per cent. However, both the northeastern and central-eastern regions reported a drop of around 11 per cent to 5.61Mt and 2.67Mt, respectively. In the ...

Cimpor EBITDA recovers by 5%

25 May 2017, Published under Cement News

Cimpor’s first quarter turnover eased by 0.3 per cent to EUR452.9m, while the EBITDA recovered by five per cent to EUR84.1m. The trading profit (EBIT) improved by 3.1 per cent to EUR36.7m. The net financial charge came down by 18.1 per cent to EUR62.1m to give a pre-tax loss of EUR25.4m, compared with EUR40.3m a year earlier. At the net attributable level there was a loss of EUR34.4m, compared with a loss of EUR40.7m a year earlier. The net debt was 10.7 per cent higher at EUR3,3509m and...

Brazil's Jan-April sales down 10.1%

17 May 2017, Published under Cement News

In the first four months of 2017, Brazilian cement sales to the domestic market totalled 17Mt, according to preliminary data from Sindicato Nacional da Indústria do Cimento (SNIC). This amount represented a decline of 10.1 per cent compared to the same period of last year. In the 12 months to the end of April 2017, cumulative sales totalled 55.5Mt, 10.7 per cent less than the comparative period a year earlier. Standalone figures for April 2017 show sales were down by 16 per cent YoY to...