Cement News tagged under: Brazil
Walter Schalka to step down as Votorantim Cimentos CEO, Brazil31 October 2012, Published under Cement NewsWalter Schalka has resigned his position as CEO of Brazilian market leader Votorantim Cimentos after seven years at the helm. Mr Schalka will leave step down at the end of November and Paulo Henrique de Oliveira Santos, director of business development at Votorantim Industrial, will temporarily chair the company. Speaking of his time at the company, he thanked the executive board of Votorantim Cimentos who "always supported me, allocating resources to implement the further growth of the co... |
Brazilian cement sales rise 3.2% in September17 October 2012, Published under Cement NewsPreliminary estimates show that Brazilian cement consumption reached 5.7Mt in September 2012, a 3.2 per cent increase on the same month of last year. Data from Sindicato Nacional da Indústria do Cimento shows third quarter sales increased 3.5 per cent YoY following first and second quarter YoY rises of 13.7 and 5.9 per cent, respectively. For the nine months to September 2012, consumption reached 51Mt, representing a rise of 7.4 per cent compared to the same period of 2011. |
Latin American cement demand rises in 2Q201209 October 2012, Published under Cement NewsCement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ... |
New Uruguay joint venture plant investment04 October 2012, Published under Cement NewsThree cement companies are planning to invest in a new joint venture cement plant in eastern Uruguay’s Treinta y Tres department to tap export potential in neighbouring Brazil, according to local press reports. State oil and cement company ANCAP, along with Spanish cement producer Cementos Molins and Brazil’s Votorantim have filed an Environmental Impact Assessment (EIA) for a new 750,000tpa. Total costs are estimated at US$160m, with Cementos Molins contributing 60 per cent and ANCAP and... |
Brazilian investors eye Mozambican limestone25 September 2012, Published under Cement NewsBrazilian investors have expressed and interesting exploring large limestone deposits in at least four districts of Mozambique’s Nampula province, said the provincial inspector and spokesman for the Mining Resources and energy Directorate, Fila Lazaro. He added that they planned to use limestone to produce clinker and to correct acid soil. Teams of mining consultants hired by the Brazilian investors, recently visited the coastal districts of Nampula, Memba, Mossuril, and Nacala, and the i... |
Cosmos ships 36,000t of clinker to Brazil25 September 2012, Published under Cement NewsCimpor-owned Cosmos Cement will be shipping 36,000t of clinker from its Spanish Toral de los Vados works to the Brazilian town of Recife. The shipment, which started loading on Monday is the first of the new Langosteira terminal. |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Brazilian monthly sales up 7.3 per cent YoY13 September 2012, Published under Cement NewsCement consumption in the Brazilian market totaled 6.3Mt in August, representing a rise of 7.3 per cent YoY, data from Sindicato Nacional da Indústria de Cimento (SNIC) shows. August 2012 sales were up 4.2 per cent on a month-on-month basis from July 2012. Total domestic shipments for the first eight months of 2012 reached 45.17Mt, representing a YoY increase of 8.5 per cent, the association data showed. |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |