Cement News tagged under: Brazil
Global demand growth outlook downgraded28 October 2013, Published under Cement NewsA recent report by Morgan Stanley has lowered the growth outlook for global cement demand for 2013 to adjust for a changing economic landscape in emerging regions. Following economic updates by its analysts, which cut GDP forecasts for most emerging countries, cement volume expectations have been significantly trimmed in half of the world’s regions. The research house now expects two per cent growth in global cement demand in 2013 (excl. China) followed by 3.5 per in 2014 – marking the slo... |
Brazil sales edge ahead 2.3%, Jan-Sept15 October 2013, Published under Cement NewsBrazilian cement sales in the first nine months of 2013 totalled 52.4Mt, a rise of 2.3 per cent on the same period of last year, latest data from Sindicato Nacional da Indústria do Cimento shows. Third quarter sales rose by 3.8 per cent to 18.8Mt, compared to 2.8 per cent growth in the same quarter of 2012. However, this is slower than the 4.8 per cent YoY growth seen in the second quarter of 2013. Cumulative sales over the last 12 months (October 2012-September 2013) reached 69.5Mt, an... |
Cimpor outlines Latin America spend16 September 2013, Published under Cement NewsCimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the main objective is to reinforce Cimpor's position in Brazil where it operates in all regions except the north. The company is therefore gong to invest in a new unit in northern Brazil, probably Belem or Manaus, he told local news agency, Lusa. Another factory is being planned for Argentina’ western province of San Jua... |
Brazil's August cement sales slip 1.2%11 September 2013, Published under Cement NewsCement sales in Brazil fell 1.2 per cent YoY in August 2013 to 6.4Mt, latest data from local association SNIC shows. During the first eight months of the year, sales reached 46.4Mt, a rise of 1.9 per cent compared to the same period of the year before. Over the 12 month period of September 2012-August 2013, sales amounted to 69.2Mt, representing an increase of 2.1 per cent on the comparative period a year earlier (ie, September 2011-August 2012). |
Semapa's 1H13 turnover declines03 September 2013, Published under Cement NewsIn the first half of 2013, Semapa reported that turnover from its cement division fell 3.2 per cent YoY to EUR233.5m, essentially due to a drop in turnover in Portugal and Angola. EBITDA in the cement business unit stood at EUR28.2m, up by 0.1 per cent on the same period in 2012. In the second quarter, EBITDA from cement business totalled EUR16.2m, up by 34.4 per cent from the previous quarter. This increase was largely due to a significant increase in sales in cement business in Portugal... |
Cimpor boosted by South American operations28 August 2013, Published under Cement NewsCimpor's underlying first half turnover improved by 19.6 per cent to EUR1299.8m as the company is boosted by its new South America operations but Portuguese losses more than double. EBITDA for the six month period advanced by a more modest 6.3 per cent to EUR284.2m. Ignoring non-recurring charges, the EBITDA would have been some 19 per cent ahead a EUR331m, while the improvement on the re-stated last year numbers was 28.1 per cent. On this basis, the trading profit increased by 34.6 per c... |
Cementos Cosmos exports 13% of clinker to Brazil19 August 2013, Published under Cement NewsThe Brazilian market is offering Spain’s Cementos Cosmos the opportunity to maintain its clinker production at a high level. Of the 1.5Mt clinker produced at its Toral de los Vados plant, Cosmos exports 0.2Mt to Brazil. While the company’s management says it is preferable to sell the clinker in the market where it is produced, " the market situation has led us to take the opportunity our parent offered, even at the cost of losing part of the profit margin in the transport,” said the compa... |
Votorantim pulls IPO plan, Brazil13 August 2013, Published under Cement NewsVotorantim Cimentos SA withdrew plans for its multibillion dollar initial public offering on Monday citing poor market conditions. Votorantim had postponed its IPO plans in July, saying at the time that it would try again in September. However, it has deffered the option once again. "The IPO continues to be the company's plan and we will continue to monitor the evolution of the capital market conditions to be able to resume the offer," Lorival Luz, Votorantim Chief Financial Officer, said... |
Brazil's monthly cement sales up 4.4%13 August 2013, Published under Cement NewsBrazilian cement sales in during July increased by 4.4 per cent YoY to 6.2Mt, latest data from Sindicato Nacional da Indústria do Cimento shows. During the January-July 2013 period, local sales edged ahead on the same period of last year by two per cent to reach 39.9Mt. For the rolling 12 months between August 2012 to July 2013, sales were 69.2Mt, a 2.9 per cent advance on the corresponding period of the previous year (August 2011-July 2012). |
Brazil’s first half-sales edge ahead18 July 2013, Published under Cement NewsBrazilian cement sales in the first half of 2013 rose 1.6 per cent to 33.6Mt, latest data from local association Sindicato Nacional da Indústria do Cimento shows. In June 2013, sales reached 5.5Mt, representing a rise of three per cent compared to the same month of last year. Cumulative sales for the 12 months between July 2012 and June 2013 reached 68.9Mt, representing a growth of 3.2 per cent over the previous period (July 2011-June 2012). |