Cement News tagged under: Brazil

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Brazilian market expands 14% in May

11 June 2021, Published under Cement News

Cement sales in Brazil advanced 13.6 per cent YoY to 5.465Mt in May 2021 from a low base of 4.809Mt in May 2020, reported the country’s cement association, SNIC. Real estate work continues to drive the market as well as residential and commercial renovations. The drop in interest rates, simplification and reduction of bureaucracy and new credit lines have supported the purchase of real estate in the country. However, cuts in the federal government budgets, particularly in terms of infrastr...

CSN Cimento is closing in on Brazilian plant acquisition

10 June 2021, Published under Cement News

Brazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters.   CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works in Paraná.   The Cimento Elizabeth unit is a 1.1Mta integrated cement facility in Alhandra, Par...

Votorantim Cimentos reports BRL22m net profits in 1Q21

20 May 2021, Published under Cement News

Votorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20.   The company's global net revenue in the first quarter of the year was BRL4bn, an advance of 46 per cent in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the devaluation of the real against foreign currencies in its international operations.   The compan...

CSN requests IPO for cement division

20 May 2021, Published under Cement News

After the recent IPO of its mining arm, Brazilian steelmaker CSN is now looking to list shares of its cement division.  The company requested authorisation from securities regulator CVM for the IPO of CSN Cimentos, although it did not provide further details.  Cement sales in Brazil increased 20.8 per cent in the first four months of the year to 20.5Mt, according to preliminary figures from industry association SNIC. "The consumption of cement by infrastructure projects is medium and ...

Brazil's SNIC urges short-term caution with sunnier outlook from 2022

18 May 2021, Published under Cement News

Commenting on the latest consumption data of the Brazilian cement market, the country’s cement association, SNIC cautioned against too much optimism for 2021: “The cuts in the federal government budget, mainly in activities such as infrastructure and housing programmes such as Casa Verde Amarela, macroeconomic instability, exchange rate devaluation, inflation, rising unemployment, the slow pace of vaccination and the loss of the wage bill come reducing optimism and further increasing the unc...

Brazil's cement sales up 27% in April

17 May 2021, Published under Cement News

Brazilian cement sales surged 26.5 per cent YoY to 5.3Mt in April, according to the domestic cement association, SNIC. Domestic sales Sales within Brazil saw a 25.8 per cent uptick to 5.219Mt in April 2021 from 4.148Mt in the equivalent period of 2020. The volume of cement sales per working day increased 8.2 per cent MoM and 25.8 per cent YoY to 237,200t. However, the considerable rise is due to a low base in the equivalent period of 2020, which saw the worst performance of the year as s...

Titan Group records increased 1Q volumes in the US and Greece

14 May 2021, Published under Cement News

Titan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi...

CSN reports stable quarterly cement performance

05 May 2021, Published under Cement News

Brazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.”   The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent.   According to the latest data by the National Union of the Cement In...

Fitch revises Votorantim Cimentos' outlook to stable

05 May 2021, Published under Cement News

Fitch Ratings has affirmed Votorantim Cimentos SA's (VCSA) Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-' and revised the rating outlook to ‘stable’ from ‘negative’. The change in outlook mirrors that made to VCSA's ultimate parent, Votorantim SA (VSA).   VCSA accounted for 55 per cent of VSA's EBITDA during 2020 and 46 per cent of its debt. These figures compare with 45 per cent of EBITDA in 2019 and 53 per cent of the group's debt. Fitch noted that: "Although there ...

The search is on for new investors in Brazil's cement sector

23 April 2021, Published under Cement News

Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento (CNC), and more recently the unconfirmed reports that Banco Itau BBA is preparing to advise on the divestment of LafargeHolcim's Brazilian unit.  The sale of the Swiss multinational's cement interests in Brazil is expected to raise up to US$1.5bn, according to analysts  UBS European Building Materials . These fund...