Cement News tagged under: Brazil
InterCement sells Portugal operations in further deleveraging29 October 2018, Published under Cement NewsTo help reduce its indebtness, InterCement is leaving the European market. Controlled by Mover Participações (current holding company of the Camargo Corrêa group), the company agreed on Friday to sell its cement and concrete operations in Portugal and Cape Verde to Turkish group Oyak, according to Valor International. While the price of the divestment was undisclosed, the deal is believed to have cost a little over US$800m, according to industry analysts. The divestment will see the owner... |
Brazil 9M cement demand slips23 October 2018, Published under Cement NewsBrazil’s cement producers sold 4.564Mt of cement to domestic customers in September 2018, down 5.6 per cent when compared to the 4.835Mt sold in the year-ago period, according to the country’s cement producers’ association, SNIC. In addition, they reported stable exports of 7000t in September. In the first nine months of 2018 domestic sales slipped 2.2 per cent from 40.34Mt in 9M17 to 39.454Mt in 9M18. Exports edged up from 60,000t to 63,000t, representing a five per cent rise YoY. From Ja... |
Vicat Group acquires major stake in Ciplan05 October 2018, Published under Cement NewsFrance’s Vicat Group has announced the acquisition of a major stake in Brazil’s Cimento Planalto (Ciplan). The transaction represents a reserved capital increase of EUR290m for a stake of approximately 65 per cent, with the closing of the deal subject to the fulfilment of certain conditions. Proceeds of the agreement will be used to settle a vast majority of Ciplans’ existing debt. The company operates a 3.2Mta cement plant in Brasilia, alongside nine ready-mix facilities and five aggrega... |
Votorantim02 October 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent to BRL5738m (EUR1177m/US$1428m), while the cement sales advanced by 18 per cent to BRL4191m (EUR890m). The aggregates turnover rose by 52.9 per cent to BRL198m (EUR40.6m), while the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m (EUR209m). The turnover in other products and services declined by 11.7 per cent to BRL330m (EUR67.7m). The trading profit came off by 13.2 per cent to BRL338m... |
Buzzi Unicem02 October 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand to purchase a 50 per cent stake BCPAR. This will involve a capital outlay of BRL700m (EUR144m), half of which will come in the form of a capital increase. It is expected that the deal will be concluded by the end of the year. There will be an option to acquire the remainder of the share capital during the 2025-26 period. In 2017 BCPAR generated a turnover of BRL538m (EUR110m) and an EBITDA of BRL88m (EUR18m) when 2.7Mt of ce... |
Vicat is looking at Brazil21 September 2018, Published under Cement NewsVicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees. No further information was disclosed by Vicat. |
Votorantim Cimentos sees 15% rise in 1H turnover14 September 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent in 1H18 to BRL5738m (US$1365m) when compared with 1H17. The Brazilian producer’s cement sales advanced by 18 per cent YoY to BRL4191m and the aggregates turnover rose by 52.9 per cent to BRL198m.While the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m, the turnover in other products and services declined by 11.7 per cent to BRL330m. The company’s trading profit came off by 13.2 per ... |
Brazil cement sales drop 2% in August12 September 2018, Published under Cement NewsDomestic cement sales in Brazil fell 2.4 per cent YoY to 4.9Mt in August 2018, according to the country’s cement association, SNIC. In the first eight months of 2018, accumulated sales slipped 1.7 per cent YoY to 34.89Mt while in the year ending in August 2018 they were down 2.6 per cent to 52.7 per cent when compared with the equivalent period in the previous year. For 2018, SNIC maintains its forecast of a decrease in sales of between 1-2 per cent. This would mark the fourth-consecutive... |
Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand06 September 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de... |
Brazil cement sales fall 3% YoY in July13 August 2018, Published under Cement NewsDomestic cement sales in Brazil slipped 2.5 per cent to 4.589Mt in July when compared with the year-ago period when sales reached 4.709Mt, according to the country’s cement association, SNIC. Exports increased by a third to 8000t from 6000t in July 2017. In the first seven months of 2018, cement sales fell 1.7 per cent to 29.969Mt from 30.48Mt in the 7M17. Apparent consumption, which includes imports, decreased 2.1 per cent YoY to 30.1Mt. Exports from Brazil during the January-July 201... |