Cement News tagged under: Brazil
Magnesita reports US$45.4m net income in 1H1616 August 2016, Published under Cement NewsBrazil-based Magnesita Refratários SA registered net income of US$45.4m between January and June of 2016, after a US$5m loss in the first half of 2015. The performance was driven by better operational results and foreign exchange variation. The company's adjusted EBITDA reached US$80.5m, with a 16.5 per cent margin, compared to a 15.4 per cent margin in the first semester of 2015. Consolidated revenue for the period amounted to US$486.8m, a nine per cent drop in the same comparison. Magne... |
Titan to take on Brazilian challenge05 August 2016, Published under Cement NewsTitan Cement Group made an unexpected move this week, buying into Cimento Apodi in Brazil. The Greek-based multinational will form a joint venture t o operate the business with the Dias Branco Group and Titan/Sarkis, Sarkis being a vehicle company 94 per cent owned by Titan. Cimento Apodi, situated in Ceará, northeast Brazil, operates the 1800tpd Quixeré cement plant as well as a 0.36Mt grinding unit at Pecém port, near Fortaleza. Some 2Mta of cement production will be added to Titan’s mu... |
7th Brazilian Conference on Portland Cement04 August 2016, Published under Cement NewsOver 250 delegates gathered in the Maksoud Plaza Hotel, São Paulo, Brazil, for the 7th Brazilian Conference on Portland Cement (CBCi) between 20-22 June 2016. The conference highlighted Brazil’s commitment to COP21 and the progress the cement industry has made in helping the country work towards achieving its climate goals. Over 250 delegates visited the 7th Brazilian Conference on Portland Cement in São Paulo, Brazil Brazil’s cement industry is the largest in Latin America with... |
Titan Cement takes US$100m stake in Brazil's Cimento Apodi04 August 2016, Published under Cement NewsGreece's Titan Cement Group has announced that it is to take a 50 per cent equity stake in Companhia Industrial de Cimento Apodi of Brazil. The deal will see Titan invest an estimated US$100m to become joint owner of the company alongside Brazilian conglomerate the Dias Branco Group. Both organisations will acquire a 50 per cent interest in the cement producer. Cimento Apodi is based in the state of Ceará in northeastern Brazil and operates a grinding plant in Pecém and a new integrate... |
Brazil: Votorantim Cimentos de Corumbá cuts water consumption by 60%22 July 2016, Published under Cement NewsThe development of a sound environmental management system and employee engagement at work have provided significant changes to Votorantim Cimentos de Corumbá, Mato Grosso do Sul. In the last three years, the company has reduced by almost 60 per cent water consumption through reusing much of the spending volume in the production process. For 2016 the company plans to end the year with a reduction of 25 per cent compared to 2015. According to Jefferson Marques Correa, Votorantim Cimentos de ... |
Brazil: Votorantim takes protective measures06 July 2016, Published under Cement NewsPrompted by the unfavourable environment in Brazil and the decline in cement sales in the country, Votorantim Cimentos has adopted new measures in an attempt to maintain its competitiveness. The company will focus on innovation, productivity and performance in strategic markets in the second half of 2016. According to the National Cement Industry Union (SNIC), cement sales fell 13.9 per cent in the domestic market between January and May 2016 compared with the same period last year. In ad... |
Votorantim04 July 2016, Published under Cement NewsVotorantim has opened a new Brazilian cement works at Primavera, Para. The plant, which has an annual capacity of 1.2Mt, has cost BRL860m (US$258m) and should be operating at in excess of 50 per cent of capacity by the year-end. Since 2007, Votorantim has increased its global capacity by 94 per cent. |
Brazil: Votorantim opens BRL860m plant24 June 2016, Published under Cement NewsVotorantim Cimentos opened its 1.2Mta cement plant in Primavera, Pará yesterday. Votorantim expects the plant to reach 50-60 per cent capacity this year. The new works cost BRL860m (US$257.9m) and was planned almost five years ago. The new operation is part of Votorantim's expansion plan, aiming to increase its global capacity to approximately 59Mta by year end 2018. This expansion plan adds to previous investments of BRL12bn (US$3.59bn) made between 2007 and 2015, which resulted in a 94... |
Brazil’s balancing act22 June 2016, Published under Cement NewsBrazil is home to one of the world’s leading cement industries with one of the most modern production bases. A slump in domestic demand, however, coupled with a lack of infrastructure investment, means it will be some time before cement demand climbs back to the levels seen in 2013-14. Some producers hope to fill the supply gap between falling domestic demand and rising output with the promise of export riches. By Marcel Tau Cerneiro, LAFIS, Brazil & ICR Research, UK. Votorantim Cime... |
SNIC president forecasts cement volumes to fall 16%10 June 2016, Published under Cement NewsJose Otavio Carneiro de Carvalho, president of Brazil's cement industry association SNIC, estimates the domestic market to decrease 12 per cent in 2016, while showing 61Mt over the June 2015-May 2016 period. Jan-May sales fell 13.9 per cent to 23.2Mt suggesting demand would only resume next year and companies would hold back investments to make sure of that. |