Cement News tagged under: Brazil
Argos to not bid for Lafarge/Holcim Brazilian assets10 December 2014, Published under Cement NewsCementos Argos has decided not to not bid for the Brazilian assets that Lafarge and Holcim have put up for sale ahead of their planned merger. Colombia’s largest cement producer has informed the Superintendencia Financiera that it does not see such a purchase as being likely to generate the value its investments would expect. Argos had been in consultation with Itau Unibanco concerning a possible bid. |
NOx reduction at Vidal Ramos05 December 2014, Published under Cement NewsTo lower NOx emissions Votorantim Cimentos decided to install SNCR equipment as well as implement alternative fuels (AF) use at its Vidal Ramos plant, Brazil. This required the optimisation of the urea injection system to ensure the lowest-possible consumption of the reducing agent before and after the introduction of the AFs. By Mario Henrique Interlenghi & Carlos Roberto Moreira da Cunha, Votorantim Cimentos, Brazil. Votorantim Cimentos’ greenfield Vidal Ramos plant in Brazil has op... |
Arabian Cement to set up Brazilian joint-venture05 November 2014, Published under Cement NewsEgypt-based Arabian Cement Company, announced it will establish a grinding plant in northwest Brazil as part of a joint-venture agreement with local cement manufacturer Cementos Relampago, part of Cementos La Union. The 2.3Mta facility is expected to involve an investment of €23m ($28.7m), of which Arabian Cement will contribute €7m. Arabian Cement added that its contribution represents 60 per cent of the total paid in capital, noting that 50 per cent of the project’s cost will be financed... |
Portugal Semapa profit up 15%04 November 2014, Published under Cement NewsPortugal's conglomerate Semapa, owner of cement maker Secil, posted on Friday a 15 per cent rise in nine-month net profit, helped by lower taxes on some of its overseas operations and a small increase in sales. Net profit rose to EUR80m the company said in a statement. Still, EBITDA fell 4.5 per cent from a year ago to EUR98m. Total sales rose about by about one per cent to EUR1.48bn, with cement sales up four per cent. The company attributed the growth to cement and clinker exports from ... |
UK: Votorantim interest in Tarmac29 September 2014, Published under Cement NewsVotorantim is understood to be planning a bid for a package of businesses being offloaded by Holcim and Lafarge, in an effort to seal a GBP32bn mega-merger that would include Tarmac, one of Britain’s largest companies. It is not known whether the Sâo Paulo-based company wants to buy all the assets being sold or cherry-pick parts in different countries. The disposals are expected to attract offers from other big players, including Ireland’s CRH and HeidelbergCement. The sell-off, valued at... |
Semapa 1H14 cement turnover up 5.3 per cent YoY04 September 2014, Published under Cement NewsSemapa, the Portuguese holding company that controls cement maker Secil, said turnover from its cement business operating rose 5.3 per cent YoY to EUR217.3m, driven mainly by increased exports from its home market of Portugal. In its domestic market of Portugal, Secil recorded a turnover of EUR91.2m, up 11 per cent YoY. Export revenue increased by 20.6 per cent YoY and accounted for 68.2 per cent of total sales volumes. Overall, domestic sales volumes were down 1.5 per cent YoY. However, l... |
Cimpor's 1H14 cement sales rise by 10.8%01 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while the EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pre-t... |
Cimento Apodi to expand presence in northeast Brazil28 August 2014, Published under Cement NewsBrazil-based cement producer Cimento Apodi is to construct a new cement plant in Sergipe state to reinforce its position in the northeast of the country. The new unit will have a capacity of 5000tpd involving an investment of BRL1bn, according to reports by the daily Folha . Cimento Apodi, owned by entrepreneurs Ivens Dias Branco (68 per cent) and Juscelino Sarkis (32 per cent), operates two cement plants in Brazil: the Apodi grinding plant in Pecem and the integrated Quixada works in Cea... |
Fitch: Votorantim Cimentos ‘backbone’ of parent rating26 August 2014, Published under Cement NewsFitch has affirmed the ratings for Votorantim and its subsidiaries, highlighting that its cement division continues to be the “backbone of the parent company's rating”. The ratings agency notes that Votorantim Cimentos (VCSA) is the key operating subsidiary of Votorantim Participacoes SA (VPAR). "VCSA is poised to improve its operating cash flows due to investments that have increased its cement capacity in Brazil from 23Mta to 32Mta since 2011," Fitch said in a statement. It projects VCSA... |
Argos considers acquiring Holcim and Lafarge Latin America divestments15 August 2014, Published under Cement NewsColombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge... |