Cement News tagged under: Brazil
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a... |
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
Brazilian monthly cement sales slip27 June 2014, Published under Cement NewsPreliminary industry data and market estimates indicate that cement sales in the Brazilian domestic market in May 2014 reached 5.932Mt, down 0.7 per cent YoY, latest data from SNIC shows. Sales for the period January-May 2014 reached 28.8Mt. Compared to the same period of 2013, showed growth of 2.8 per cent. Cumulative sales in the last 12 months (June 2013 – May 2014) reached 70.7Mt, an increase of 3.1 per cent over the previous period (June 2012 - May 2013). |
World Cup stadium built with Cemex cement25 June 2014, Published under Cement NewsCemex participated in the construction of the Arena da Amazonia soccer stadium that has hosted several competitive opening round matches of the 2014 FIFA World Cup including England vs Italy, USA vs Portugal, and Honduras vs Switzerland in the northern city of Manaus, Brazil. Designed by the internationally recognized architectural firm of Von Gerkan, Marg and Partners (GMP), the new 170,000m2 stadium (pictured right) has the capacity for more than 43,000... |
Fitch: ratings unchanged for Votorantim02 June 2014, Published under Cement NewsAccording to Fitch Ratings, the recent decision by Brazil's antitrust agency, CADE, to stiffen the penalties against Brazilian cement companies allegedly engaged in price collusion presents a significant challenge to Votorantim Cimentos (VCSA), but it will not result in a negative action to its 'BBB' rating. VCSA's Rating Outlook was affirmed by Fitch at Negative on April 8, 2014. This rating action took into consideration the possibility of a negative ruling by CADE. All six of the cemen... |
Brazil’s CADE fines six cement companies US$1.4bn for price-fixing29 May 2014, Published under Cement NewsBrazil’s antimonopoly authority CAD has fined six cement companies a total fine of BRL3.1bn (US$1.4bn) for fixing market prices. Votorantim Cimentos SA , Camargo Correa-owned Intercement Brasil, ITAB Agro Industrial SA and Cia Cements Itambé SA, Holcim and Cimpor agreed to fix prices to eliminate market competitors, said CADE in a10-hour hearing. Votorantim has been ordered to pay BRL1.5bn, Holcim BRL508m, Itabira BRL411m, Cimpor BRL297m and Intercement Brasil BRL241m. CADE has also ... |
Currency movements depress Cimpor profits22 May 2014, Published under Cement NewsCimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR 89.8m. The net financial jumped from EUR28.9m to EUR 92.9m to give a pre-tax loss of EUR3.1m, compared with a profit o... |
6th Brazilian Cement Congress underway20 May 2014, Published under Cement NewsThe long-awaited 6th Brazilian Cement Conference (CBC) officially opened its doors on Monday, 19 May 2014 to over 300 industry professionals in the vibrant city of Sao Paulo, Brazil. Welcoming senior industry specialists from the domestic cement sector and beyond, Renato Jose Giusti of the Associação Brasiliera De Cimento Portland (ABCP), expressed the importance of the cement industry in Brazil, claiming it to be the second most consumed product of the country, second only to water! Jose... |
Brazilian monthly cement sales rise 4.9% YoY19 May 2014, Published under Cement NewsBrazilian cement sales in April 2014 climbed by 4.9 per cent YoY to 5.9Mt, preliminary data and market estimates gathered by Sindicato Nacional da Industria do Cimento (SNIC) reveal. During January - April 2014, sales totalled 22.8Mt, a 3.3 per cent rise compared to the first four months of last year. Accumulated cement sales for the 12 months between May 2013 - April 2014 reached 70.7Mt, expanding by three per cent compared to the same period of the previous year (May 2012 - April 2013). |