Cement News tagged under: Brazil
InterCement considers listing European and African operations31 January 2018, Published under Cement NewsBrazil-based InterCement Participações SA is considering listing its European and African operations to raise cash and reduce debt, Reuters reported. The company is expected to include in the listing Cimpor Cimentos de Portugal SA and mills in Cape Verde, Mozambique and South Africa, according to sources close to the matter. The transaction has been discussed with investment banks, but InterCement has not appointed financial advisors as yet. The company's controlling shareholder, ... |
Brazil cement market faces subdued recovery11 January 2018, Published under Cement NewsFollowing three years of strong market contraction, Brazil’s cement producers may still face some months of weak demand before a pick-up in sales emerges. Brazil’s cement association, SNIC, estimates total sales growth for 2018 between 1-2 per cent, barely making up for the 24.2 per cent contraction since its 71Mta peak in 2014. In 2017 cement sales fell 6.4 per cent to 53.8Mt. An effective recovery in demand will only come in the second half," Paulo Camillo Penna, president of SNIC. ... |
Votorantim Cimentos reports stable 3Q revenues but drop in adjusted EBITDA16 November 2017, Published under Cement NewsIn its third-quarter 2017 results announcement Brazil’s Votorantim Group reported a one per cent increase in the net revenues of Votorantim Cimentos to BRL3.208bn (US$968.2m) from BRL3.19bn in 3Q16. Adjusted EBITDA fell 27 per cent YoY to BRL521m in 3Q17 from BRL715m in the year-ago period. The company’s EBITDA margin stood at 16 per cent. Brazilian results were negatively impacted by a BRL134m non-recurring tax adjustment, leading to a fall in adjusted EBITDA of 45.4 per cent YoY, accord... |
New cement type from olive stone ash and blastfurnace slag14 November 2017, Published under Cement NewsResearchers in Spain and Brazil have developed a new type of cement manufactured from olive stone ash and blastfurnace slag as a more sustainable alternative to currently-produced cements. The new cement has been created by researchers from the Universitat Politècnica de València (UPV) and the Universidade Estadual Paulista (UNESP) of Brazil, according to UPV sources. Dr Jordi Payá, researcher at the Institute of Science and Technology of Concrete (ICITECH) of the UPV, says that this n... |
Votorantim Cimentos to sell stake in Suwannee American28 September 2017, Published under Cement NewsBrazil-based Votorantim Cimentos is to sell its 50 per cent stake in Suwannee American Cement (SAC), located in northern Florida, USA. The sale is part of Votorantim’s strategy of prioritising assets and reducing its debt. SAC supplies cement to the construction markets of Florida and southern Georgia from its 1Mta Branford plant. Although the plant was in the path of Hurricane Irma, it has remained largely unaffected, according to information obtained by ICR. Thanks to precautions ta... |
Brazil eight-month sales update13 September 2017, Published under Cement NewsCement sales in Brazil for the first eight months of 2017 fell by eight per cent YoY to 35.7Mt, according to preliminary industry data gathered by Sindicato Nacional da Indústria do Cimento (SNIC). In August 2017 alone, sales fell by 0.9 per cent YoY to 5Mt. Sales per working day were down by 0.9 per cent YoY but saw growth of 0.1 per cent compared to July 2017. Cumulative 12 month sales In the 12 months to the end of August 2017, cumulative sales totalled 54.3Mt, 8.8 per cent less th... |
Spotlight on CRH25 August 2017, Published under Cement NewsCRH reported 'satisfactory growth' in the first half of this year, with stabilising trends seen in key European markets and EBITDA growth in the Americas more than offsetting reduced activity in Asia due to a challenging market environment in the Philippines. First-half trading highlights for the international building materials group include sales of EUR13bn, two per cent ahead of 2016 and one per cent ahead on a like-for-like basis. EBITDA of EUR1.175bn were up by five per cent YoY and t... |
Brazilian July sales down 10.5%16 August 2017, Published under Cement NewsDomestic cement sales in Brazil fell by 10.5 per cent in July 2017 to 4.7Mt compared to July 2016, according to data from SNIC, Brazil's national cement industry association. Sales per working day were also down by 10.5 per cent in the YoY comparison, but up by 3.3 per cent compared to June 2017, Sales per working day were also down by 10.5 YoY, but up by 3.3 per cent compared to June 2017. Apparent consumption (domestic sales + imports) in July 2017 stood at 4.7Mt, down by 10.1 per ce... |
Magnesita's first-half revenue rises 14%15 August 2017, Published under Cement NewsMagnesita Refratários SA, a global leader in refractory solutions and industrial minerals, recorded consolidated net revenue of US$552m in the first half of 2017, representing a 14 per cent YoY increase over the comparative period of 2016. Adjusted EBITDA reached US$91m in the 1H17, up by 13 per cent over 1H16, with a 16.5 per cent margin in the period. The performance was mainly driven by the 10.3 per cent increase in sales to the steel industry. Record in dead burnt magnesia sales, whic... |
Cement demand in Brazil continues fall in 1H1712 July 2017, Published under Cement NewsCement sales in Brazil in the 1H17 fell 8.8 per cent YoY as the domestic market required 26.015Mt of cement, according to Brazil’s cement association, Sindicato Nacional de la Industria del Cemento (SNIC). In the southeast of the country, the largest segment, sales fell from 13.12Mt in 1H16 to 12.21Mt in 1H17, representing a decrease of 6.9 per cent. However, both the northeastern and central-eastern regions reported a drop of around 11 per cent to 5.61Mt and 2.67Mt, respectively. In the ... |