Cement News tagged under: Brazil
Votorantim records strong Brazilian revenue in 2022 regional results17 March 2023, Published under Cement NewsIn Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an... |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
Cement sales in Brazil drop 7% in February14 March 2023, Published under Cement NewsBrazil’s cement association, SNIC, reported that cement sales in the domestic market declined by 7.2 per cent YoY to 4.42Mt in February 2023 from 4.763Mt. SNIC attributes the contraction to Brazil’s economic scenario with high household debt, high interest rates and inflation as well as above-average rainfall. Consumer confidence showed a second-consecutive month’s drop. Industry confidence was negatively affected by a slowdown in demand and high input costs. The decline was the largest in... |
Brazilian cement sales up 7% in January13 February 2023, Published under Cement NewsSales of cement in the Brazilian market increased by 6.8 per cent to 4.829Mt in January 2023 from 4.52Mt in January 2022 and by 8.1 per cent MoM from 4.467Mt, according to the country’s cement association, SNIC. However, this increase is from a low base in January and December, which had the worst performances of last year. The construction market continues to contract, both in terms of building material sales and real estate financing. In addition, confidence by businesses and consumers is... |
Buzzi Unicem posts 16% rise in consolidated net sales in FY2210 February 2023, Published under Cement NewsBuzzi Unicem reports consolidated net sales at EUR3996m in FY22, up 16 per cent from EUR3446m in FY2021, also on LfL basis a rise of 9.6 per cent. Cement sales in Brazil and Russia helped the multinationals improved performance. Cement sales of the group amounted to 28.3Mt, decreasing by 9.2 per cent compared to 31.2Mt in 2021. Ready-mix concrete output, equal to 11.5Mm 3 , was also down compared to the 12.1Mm3 volumes of last year (-5.2 per cent). The positive price effect more than o... |
Votorantim opts for ABB Industry 4.0 technology10 February 2023, Published under Cement NewsVotorantim Cimentos Group is installing Industry 4.0 in cement to optimise production and decarbonise operations. ABB has delivered advanced automation and digital technologies to the Brazilian cement producer. Votorantim Cimentos Europe, Asia and Africa Region (VCEAA), which has the worldwide capacity to produce 55.7Mta of cement, are ramping up efforts to ensure lower emissions as governments and international organisations push for net-zero emissions by 2030. Digi... |
Votorantim Cimentos: decarbonisation through SCMs07 February 2023, Published under Cement NewsThe use of supplementary cementitious materials (SCMs) in blended cements produced by Votorantim Cimentos has enabled the company to advance its decarbonisation journey. Blended cement from its Laranjeiras works in Brazil has proven to be the preferred choice for infrastructure projects due to the enhanced durability of concrete. By Silvia Vieira, Votorantim Cimentos, Brazil. Figure 1: contributions from different decarbonisation strategies in achieving the cement and concrete sect... |
Itacamba appoints new general manager17 January 2023, Published under Cement NewsVotorantim Cimentos -owned Itacamba Cemento SA has appointed Marcelo Morales as its new general manager with effect from 1 January 2023. Mr Morales previously served for seven years as administration and finance manager at Itacamba. A Brazilian national with a Master’s of Business Administration degree, he has worked for more than 15 years in the cement industry. |
Brazilian cement consumption down 3% in 202213 January 2023, Published under Cement NewsDomestic cement sales in Brazil saw a 6.3 per cent decline to 4.467Mt in December 2022 when compared with December 2021 when sales reached 4.766Mt, according to the country’s cement association, SNIC. SNIC attributes the drop to higher inflation rates, leading the central bank to increase the Selic rate to 13.75 per cent, making real estate financing more expensive and encouraging migration to investments in financial products. As a result, the real estate sector showed a significant drop ... |
Shinagawa Refractories agrees Brazilian refractory deal28 December 2022, Published under Cement NewsShinagawa Refractories Co Ltd (Shinagawa) has agreed with Saint-Gobain SA to complete the acquisition of the Brazilian Refractories business and the Alumina-based Wear-Resistant Ceramics business in the United States from Saint-Gobain SA on 29 December 2022. The acquisition of the Brazilian Refractories Business represents a natural extension of Shinagawa’s longstanding collaboration with Saint-Gobain in Brazil, whereby Shinagawa has been supplying technology for the manufacture of iron and... |