Cement News tagged under: Brazil
Votorantim and Atlas Renewable energy sign 100MW solar agreement17 January 2024, Published under Cement NewsAtlas Renewable Energy, an international leader in providing renewable energy solutions for corporations, and Votorantim Cimentos have signed a Power Purchase Agreement (PPA) to supply and purchase, respectively, 100MW of solar energy for the next 15 years. The solar energy provided through this agreement will support the energy needs of Votorantim Cimentos’ production units and distribution centres located in the south, southeast, and midwest regions of Brazil. With the new partnership... |
Brazilian cement market sees contraction in 202211 January 2024, Published under Cement NewsIn December 2023 cement sales in Brazil edged up by 0.8 per cent YoY to 4.497Mt from 4.463Mt in December 2022, according to the Brazilian cement association, SNIC. Growth was led by the largest market, the southeast, where deliveries by 6.4 per cent YoY to 2.037Mt. Market expansion was also seen in the north, the country’s smaller market, where cement demand picked up by 3.4 per cent YoY to 246,000t in December 2023. However, in the northeast sales declined by 2.8 per cent YoY to 983,000t ... |
Brazilian cement sales slip 1% in November19 December 2023, Published under Cement NewsCement sales in Brazil slipped 1.3 per cent to 5.25Mt in November 2023 from 5.318Mt in November 2022, according to the Brazilian cement association, SNIC. The southeast, the country’s largest market, saw sales fall by 1.1 per cent to 2.417Mt in November 2023 when compared with the year-ago period, when sales reached 2.443Mt. However, in the northeast deliveries were up 3.2 per cent YoY to 1.102Mt in November 2023 from 1.102Mt in November 2022. The south reported an 8.4 per cent drop to 0.8... |
Brazil's cement market contracts 2% in October13 November 2023, Published under Cement NewsCement sales in Brazil declined by 2.1 per cent to 5.257Mt in October 2023 when compared with October 2022, when sales reached 5.368Mt, according to the Brazilian cement association, SNIC. The southeast, the largest market, saw sales contract by 2.9 per cent YoY to 2.382Mt in October 2023 from 2.453Mt in the year-ago period while in the northeast sales slipped by 0.9 per cent YoY to 1.092Mt from 1.102Mt. Sales in the south fell by 3.7 per cent YoY to 0.851Mt in October 2023 from 0.88Mt. Th... |
Votorantim Cimentos posts 36% profit growth in 3Q2310 November 2023, Published under Cement NewsVotorantim Cimentos has posted revenue of BRL7.4bn (US$1.51bn) in the third quarter of 2023, down three per cent compared to the same period a year earlier. The decline has been attributed to “market dynamics and the negative impact of the appreciation of the Real.” Net profit over the three-month period came in at BRL824m, marking a 36 per cent increase YoY. Cement sales in the 3Q23 stood at 10.3Mt, a one per cent uptick on the same period in 2022. Consolidated adjusted EBITDA reached... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Brazilian cement market contracts 2% in 9M2313 October 2023, Published under Cement NewsCement sales in Brazil declined by 4.6 per cent YoY to 5.222Mt in September 2023 from 5.476Mt, according to the Brazilian cement association, SNIC. High basic interest rates of 12.75 per cent continue to impact the amount of real state financing for construction, which had a reduction of 44 per cent in the period up to August 2023 when compared with the previous year. In addition, the recovery of population income continues to slow and there remains a high level of household debt, which reac... |
Brazilian cement sales up 2% in August08 September 2023, Published under Cement NewsCement sales in Brazil increased by 1.8 per cent YoY to 5.973Mt in August 2023 from 5.867Mt in August 2022, according to the national cement association, SNIC. The recovery of the macroeconomic framework and of the labour market as well as the initial results of the debt settlement programme (Programa Desenrola) are leading to improved consumer confidence. However, the lower income of the population, high interest rates and high family indebtedness are continuing to affect cement sales. ... |
Brazil’s way ahead29 August 2023, Published under Cement NewsDespite Brazil’s strong economic performance in 2022, the outlook for 2023 is less optimistic. To reduce economic uncertainty and boost cement demand, the government is being urged to resume investment in infrastructure and housing. Meanwhile, the domestic cement industry has stepped up its pursuit of carbon neutrality. By Sindicato Nacional da Indústria do Cimento (SNIC), Brazil. Brazil’s cement industry is accelerating its pursuit of carbon neutrality (© Votorantim Cimentos) B... |
Diego Lugano and Hipermix in Brazil JV29 August 2023, Published under Cement NewsDiego Lugano, a former footballer for Uruguay’s national team, is entering the cement business in Brazil in a joint venture (JV) with local company Hipermix. The JV has inaugurated a 0.4Mta cement and mortar factory in the industrial district of Montenegro, Rio Grande do Sul. The BRL100m (US$20.4m) investment will see the production of 100,000tpa of cement traded as Cementos Gaúcho, according to local media. The plant will create 30 direct and 120 indirect jobs. Cementos Gaúcho will serve ... |