Cement News tagged under: Brazil
Votorantim Cimentos files request for IPO of shares10 April 2013, Published under Cement NewsBrazilian cement and concrete producer Votorantim Cimentos SA has filed a request with regulators to list its shares in the local stock exchange to finance its expansion plans. In its preliminary prospectus, the company did not reveal the amount to be raised or the volume of shares to be sold. In January, Dow Jones reported the company was planning to raise around BRL6bn (US$3bn) from an IPO, citing two bankers close to the matter. The sale must be approved by the Brazilian Securities... |
Camargo Correa plans to raise capacity by 201608 April 2013, Published under Cement NewsCamargo Correa plans to invest up to BRL3bn (US$1.51bn) in the Brazilian cement sector in the next few years. With the acquisition and control of Portuguese cement maker Cimpor last year, Camargo Corrêa, through its cement arm InterCement, became the second largest producer of cement in Brazil, with market share being propelled from 10 to 18 per cent. With market growth in Brazi expected to be between 5-6 per cent per year in the medium-term, the company intends to invest BRL2.5bn-3bn by... |
Votorantim Cimentos sees gains in Brazil, USA03 April 2013, Published under Cement NewsVotorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 per cent. "The combination of a favorable market alongside the opening of new factories and mills allowed a four per cent increase in sales volume in Brazil, reaching 24Mt. The average price of cement rose fou... |
Fitch Ratings affirms Cimentos Tupi's rating, Brazil01 April 2013, Published under Cement NewsFitch Ratings has affirmed Brazilian cement producer's Cimentos Tupi's 'B' ratings but has warned that a ratings downgrade could result from delays in the inauguration of the its new kiln. Tupi is expected to receive government licenses to start operation of its Pedra do Sino kiln during May. "Receiving the approval in a timely manner will be crucial to avoiding a future downgrade, as the company's size is not sufficient to support its debt obligations over the medium term without the sa... |
Cimpor: restructured for growth25 March 2013, Published under Cement NewsFollowing the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin America and Africa, two geographic areas with high growth potential. Essentially, Cimpor acquired the assets held by Camargo Correa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay in exchange for Cimpor's assets in Morocco, Tunisia, Turkey, India, China, Peru, Spain, which were subsequently transfer... |
Brazil February cement sales edge ahead13 March 2013, Published under Cement NewsCement sales in the Brazilian cement market in February 2013 reached 5.1Mt, up 2.2 per cent on the same month of last year, according to data released by Sindicato Nacional da Indústria do Cimento. For the first two months of 2013, sales were 10.6Mt an increase of 1.8 per cent YoY. In 2012, domestic sales reached 68.3Mta, an increase of 6.9 per cent over 2011 (63.9Mt). |
Brazil: January sales rise 5.9% YoY14 February 2013, Published under Cement NewsLatest data on the Brazilian cement market shows that cement consumption increased by 5.9 per cent in January 2013 to 5.6Mt. Figures released by Sindicato Nacional da Indústria do Cimento (SNIC), show that for the last 12 months (February 2012 to January 2013), domestic sales reached 68.6Mt, representing an increase of 6.5 per cent on the same period a year ago (February 2011-January 2012). In 2012, domestic sales reached 68.3Mta, an increase of 6.9 per cent over 2011 (63.9Mt). Impor... |
Cimpor and InterCement announce Brazil asset merger05 February 2013, Published under Cement NewsCimpor’s board of directors has approved the merger of two of its subsidiaries in Brazil, namely Cimpor Cimentos do Brasil and InterCement Brasil, Cimpor announced. Both companies are fully and indirectly owned by Cimpor, which itself is controlled by Brazil's Camargo Corrêa. The merger was approved on 30 January 2013. "The merger of these two companies in the Cimpor universe will make it possible to create joint value, promoting synergies, leading to improved operating efficiency and quali... |
Latin America market movements21 January 2013, Published under Cement NewsThree major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third faltered. Brazil With Brazil's economy continuing its lull, construction activity is expected to have grown by five per cent last year, thus underperforming its significant potential. Fundamentally, the opportunities for the construction sector are immense given the country's housing and infrastructure needs and... |
Lafarge to invest BRL1bn in Brazil over next five years15 January 2013, Published under Cement NewsLafarge is to invest BRL1bn (US$500m) in Brazil in the five years to 2018, according to the group’s chairman and chief executive Bruno Lafont. During a meeting with Brazil’s president Dilma Rousseff in Braslia, Mr Lafont said the organic investment is being made to keep with growth of the local market. “Brazil has true potential for growth. The investment needs in infrastructure and in the housing sector show that the country has much margin for growth,” he noted. Among the new inve... |