Cement News tagged under: Brazil
Votorantim ends 2020 with net revenue of BRL16.7bn09 April 2021, Published under Cement NewsVotorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with ... |
Votorantim's regional results rise in 202009 April 2021, Published under Cement NewsAccording to the National Cement Association (SNIC) cement sales in Brazil grew 11 per cent YoY in 2020, which also boosted the recovery of prices in the local market. The growth was driven by changes in consumption patterns in the country during the pandemic that led to an increase in civil construction, by the emergency aid granted by the federal government, and by low interest rates, which also resulted in the recovery of the real estate market. Votorantim Cimentos’ net revenue... |
Titan Cement Group records FY20 revenue of EUR1607m23 March 2021, Published under Cement NewsTitan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared to the previous year. EBITDA posted a solid increase of 7.1 per cent to EUR286.2m . This was the highest EBITDA recorded since 2010. Net profit after taxes and minorities dropped to EUR1.5m (EUR50.9m in 2019) as a result of significant non-cash charges taken representing the full write-off of the EUR46.6m goodwil... |
February sees 14% pick-up in Brazilian cement sales10 March 2021, Published under Cement NewsCement sales in Brazil increased 14 per cent YoY to 4.7Mt in February 2021, according to the country’s cement association, SNIC. Key drivers of the market expansion were the maintenance of real estate works and self-construction as well as favourable weather. Cement sales per working day increased 5.4 per cent MoM and 16.4 per cent YoY to 234,100t. Exports were up from 11,000t in February 2020 to 29,000t in February 2021. As a result, the domestic cement market expanded by 11.8 per cent Yo... |
Vicat announces FY20 sales of EUR2805m17 February 2021, Published under Cement NewsVicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL. Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT... |
Buzzi Unicem reports stable 2020 volumes in spite of pandemic12 February 2021, Published under Cement NewsThis week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli... |
Brazilian market off to good start in January 202112 February 2021, Published under Cement NewsBrazilian cement demand increased by 10.1 per cent YoY and 7.3 per cent MoM to 5.03Mta in January 2021, according to the country’s cement association, SNIC. Sales per working day were 223,600t, up 7.3 per cent MoM and 17.5 per cent YoY. Deliveries were supported by favourable weather conditions in January as well as the maintenance of real estate works and the latest releases of emergency aid supporting self-construction, reports SNIC. The poor sales performance in January 2020 due to heavy ... |
Cement sales in Brazil advance 17% in December14 January 2021, Published under Cement NewsCement sales in Brazil totalled 4.7Mt, up 16.6 per cent YoY, according to the National Union of the Cement Industry (SNIC). However, per working day, sales declined 13.2 per cent to 208,400t when compared with the previous month. SNIC attributes the fall to uncertainties in the economy and civil construction in 2021. The domestic market saw a 16.6 per cent rise to 4.689Mt while exports advanced 55.6 per cent to 28,000t in December 2020 when compared with December 2019. Full-year 2020 dem... |
Peru cement prices among lowest in Latin America05 January 2021, Published under Cement NewsCapeco, the Peruvian construction chamber, reported that the average retail price for grey cement in Peru is around US$6.22 per 42.5kg bag – one of the lowest in Latin America. The highest price is paid in Argentina, where a bag of cement costs on average US$12.34, followed by Nicaragua, Uruguay, Guatemala and Paraguay, where a bag of cement costs around US$10. In Brazil, prices are the lowest at US$5.03/bag, according Capeco. In Chile a bag of cement retails at US$7.65 while in Colombia a... |
Brazil’s cement market expands 12% in November11 December 2020, Published under Cement NewsBrazilian cement sales in November totalled 5.315Mt, representing an increase of 11.7 per cent when compared with November 2019, according to the country’s cement association, SNIC. Sales in November advanced 8.6 per cent YoY to 2.397Mt in the key southeast region while in the northeast, the country’s second-largest market, they were up 10.4 per cent YoY to 1.125Mt. In the south offtake increased 19 per cent YoY to 0.916Mt. In the central-eastern market a 18.8 per cent rise to 0.613Mt was ... |