Cement News tagged under: Brazil
Brazil February sales up 9.8%13 March 2012, Published under Cement NewsBrazilan cement sales in February 2012 rose 9.8 per cent to reach 5.2Mt, latest data from Sindicato Nacional da Indústria do Cimento, shows. For the first two months of 2012, dispatches were 590,000t compared to 546,000t in the first two months of 2011. Cement sales for the rolling 12 months (March 2011 to February 2012) were up 7.8 per cent to 64.8Mt, representing an increase of 7.8 per cent on the same period of the previous year. |
S&P: Votorantim Industrial rated 'BBB', outlook stable08 March 2012, Published under Cement NewsStandard & Poor's (S&P) Ratings Services assigned a 'BBB' global-scale and 'brAAA' national-scale corporate credit ratings on Votorantim Industrial S.A. (VID). The outlook is stable, reflecting VID's solid operations thanks to strong cash flows from its cement operations, which compensated for the weaker results from its metals and steel businesses. S&P stated: “We believe the still strong demand for cement will buoy its cash flows, which, coupled with its strong cash position, should kee... |
Brazil: 12-month accumulated sales up 7.6%20 February 2012, Published under Cement NewsPreliminary data and market estimates show that domestic cement sales in Brazil for the accumulated 12 months from February 2011 to January 2012 reached 64Mt. This represents an increase of 7.6 per cent over the same period a year earlier (February 2010 to January 2011). In January 2012, sales were 5.2Mt, up 4.1 per cent on the same month of last year, data from the Sindicato Nacional da Indústria do Cimento showed. For full year 2011, Brazilian cement sales reached 63.51Mt, up 5.17... |
New contract from Cimento Itambé, Brazil08 February 2012, Published under Cement NewsCimento Itambé has awarded Aumund do Brasil and Schade Lagertechnik GmbH a contract for the rebuilding of a limestone storage facility. Apart from the refurbishment of an existing scraper reclaimer, the supply of a new bridge reclaimer forms part of the scope of supply which is scheduled to be employed for homogenised reclaiming of the raw material. Whilst the refurbishment of the old unit was the first to be implemented, the new bridge reclaimer has been in service since the beginning of 20... |
Votorantim Cimentos sells 30-year bonds, Brazil03 February 2012, Published under Cement NewsVotorantim Cimentos of Brazil completed a US$500m sale in the US credit markets Thursday, according to a person familiar with the issue. The 30-year bond deal was a reopening or, or addition to, a US$750m issue of 7.25% coupon bonds originally sold in April 2011. The bonds were priced to yield 7.30%, or 432.2 basis points over the Treasury rate. The anticipated ratings are Baa3 from Moody's Investors Service and BBB from Standard & Poor's. Fitch Ratings issued a BBB-minus rating on Thursd... |
Bank of America to arrange investor meetings for Cimento Tupi, Brazil24 January 2012, Published under Cement NewsBrazilian cement producer, Cimento Tupi has enlisted Bank of America Corp to arrange meetings with bond investors as the company looks to expand cement capacity in its thriving domestic market. Bloomberg reported that the meetings are scheduled to run from 23-25 January in Europe and the US, a source close to the situation said. In May 2011, the company sold a US$100m bond with a seven-year maturity overseas, below the initial target of US$100m. The debt, which is callable in 2015, car... |
Votorantim to use stake sale to invest in cement, mining division19 January 2012, Published under Cement NewsProceeds from the sale of Votorantim’s stake in steelmaker Usiminas will be used to fund expansion in its cement and mining divisions, Chief Executive Faul Calfat has said. Calfat told Valor Economico newspaper that the BRL2.4bn (US$1.34bn) recieved for Votorantim Industrial’s 13.5 per cent voting stake in Usiminas had boosted the group’s cash holding to BRL11.5bn. The group’s cement unit is to receive one-third of the proceeds, Calfat told Valor, adding that the money would go to the ... |
Brazil cement sales rise 7.3% in 201112 January 2012, Published under Cement NewsBrazilian cement demand has continued its upward momentum with 2011 sales advancing 7.3 per cent YoY, latest data from Sindicato Nacional da Indústria de Cimento shows. Preliminary industry figures and market estimates, show that domestic sales reached 63.5Mt in 2011 compared to 59.12Mt in the previous year. Including cement exports, which totaled 44,000t last year, full year sales from Brazil were 63.55Mt against 59.19Mt in 2010. Statistics for December alone showed sales reached 5Mt,... |
Votorantim steps up performance26 October 2011, Published under Cement NewsBrazil’s market leader, Votorantim Cimentos, is embarking on a new phase of growth, which will see the company not only consolidate its local market position, but expand activities throughout the Latin American continent. International Cement Review talks to Edvaldo Rabelo, Votorantim’s Global Technical Director, about the current expansion programme, the company’s international ambitions, and a range of topics including sustainability, carbon reduction and alternative fuel technology. ... |
Brazil: project quick-build21 October 2011, Published under Cement NewsVery few places in the world are enjoying the carnival building and development spending-spree that Brazil is currently witnessing. Cement producers are already operating at full capacity, and new facilities will add much needed cement to the market. Keeping pace with construction demand is proving difficult and the race is on to finish many important infrastructure projects for the FIFA World Cup and Olympic Games. Brazil has one of the fastest growing economies of the world and its ... |