Cement News tagged under: Brazil

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Votorantim Cimentos sees net revenue up 9% in 1Q20

22 May 2020, Published under Cement News

Votorantim 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 ...

Brazil cement consumption declines 7% in April

14 May 2020, Published under Cement News

While Brazilian cement sales in April fell 6.9 per cent YoY to 4.1Mt, sales per business day saw a drop of only 2.5 per cent to 185,500t, according to Brazil’s cement association, SNIC. “After a slightly negative quarter of sales (-0.3 per cent 1Q20 x1Q19), caused mainly by the damming of cement purchases in January and February due to heavy rains, which hit several parts of the country, and the beginning of social isolation and demobilisation of sectors of the economy, which started in Ma...

Brazil's cement demand stable in March

15 April 2020, Published under Cement News

Following a good first half to the month, Brazilian cement consumption saw a sharp decline in the second half of March, according to the country’s cement association, SNIC. The fall was attributed to the circulation restrictions and a reduction in the pace of works as public transport, trades and support services near the buildings were limited. Therefore, cement sales in March remained stable when compared to March 2019 and slipped 0.5 per cent MoM to 4.1Mt. However, when cement sales per ...

Moody's changes outlook for Votorantim Cimentos

31 March 2020, Published under Cement News

The 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.

Aumund names new MD of Brazilian subsidiary

26 March 2020, Published under Cement News

Aumund has named Paulo Lima as the new managing director of its Brazilian subsidiary, based in São Paulo. Paulo Lima has already had a successful career in mechanical engineering, in particular in conveying technology, with experience in sectors such as cement, mining and minerals, according to the company. Mr Lima has also held leading sales positions at the subsidiary in São Paulo from 1996-2000 and 2004-08.

Votorantim Cimentos to install distribution centre in Uberaba

20 March 2020, Published under Cement News

Brazil-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.

Brazilian cement sales stable in February

13 March 2020, Published under Cement News

Cement sales in Brazil remained stable at 4.1Mt in February 2020 when compared with February 2019, according to the country’s cement association, SNIC. When compared with January 2020, when sales were weak, there is a 0.5 per cent drop. Sales in the north and southeast continue to impact negatively on the country’s total as heavy rains affect construction activity. In terms of the number of working days, sales rose 7.4 per cent YoY and 5.8 per cent MoM in February 2020. "We had fewer wo...

Masaveu doubles US exports in 2019

27 February 2020, Published under Cement News

Masaveu has doubled its export shipments to the USA from its Tudela Veguín plant in Spain in 2019. The US is now the third-largest market for the cement producer, representing an export volume of 118,673t in 2019, compared to 50,061t in the previous year. The exports to the US account for 18.3 per cent of the company’s total exports. To improve its export operations the company inaugurated a new terminal in Muelle Norte, to expand its El Musel facility, at the end of 2019. It is the third ...

Cement consumption in Brazil slips 1% in January 2020

26 February 2020, Published under Cement News

Cement sales in Brazil slipped 0.9 per cent YoY to 4.5Mt in January 2020, according to the country’s cement association, SNIC. Apparent cement consumption, which includes imports and domestic sales, totalled 4.5Mt, representing a 1.3 per cent decline when compared with January 2019. SNIC attributes the marginal drop to poor performance in the north, where sales contracted 4.8 per cent YoY, and the south, which saw a 3.2 per cent fall. In both cases, it blamed the heavy rains that hit the r...

Heavy rains impact Brazil's January cement sales performance

19 February 2020, Published under Cement News

Cement sales in Brazil during January 2020 fell by 0.9 per cent YoY to 4.5Mt as heavy rains in the north and southeast impaired performance, the National Union of the Cement Industry (SNIC) has said. When based on the number of working days, domestic sales were also down by 0.9 per cent compared to January 2018. Apparent cement consumption (ie, domestic sales plus imports) totalled 4.5Mt in the first month of 2020, down by 1.3 per cent YoY. The result is a reflection of poor performances...