Cement News tagged under: Brazil
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |
February sales in Brazil increase 1%10 March 2022, Published under Cement NewsCement sales in Brazil edged up 1.2 per cent YoY to 4.726Mt in February 2022 from 4.672Mt in February 2021, according to the country’s cement association, SNIC. Sales were supported by more favourable prospects in the labour market, the continuity of the income transfer programme Auxílio Brasil and a considerable fall in COVID-19 cases. Exports increased 58 per cent in February 2022 to reach 48,000t when compared with 28,000t of cement exported in the year-ago period. January-February 20... |
Bianca Nasser appointed as new Votorantim Cimentos finance and IR VP01 March 2022, Published under Cement NewsVotorantim Cimentos has appointed Bianca Nasser as the company’s vice president of finance and investor relations (IR), effective 1 March 2022. Ms Nasser succeeds Osvaldo Ayres Filho, who will remain at Votorantim Cimentos as director of cement, logistics and adjacent business operations. With a bachelor’s degree in Economics from the Federal University of Rio de Janeiro (UFRJ) and a master’s degree in Administration and Finance from the Pontifícia Universidade Católica of Rio de Janeiro... |
Votorantim expands its operations in northeast Brazil23 February 2022, Published under Cement NewsVotorantim Cimentos has opened a new distribution centre in the municipality of Crateús, reinforcing its presence and logistics in the markets of Ceará and Piauí, Brazil. The Ceará distribution centre is located 350 km from Fortaleza, and will expand the service and distribution capacity of Cimento Poty and the Votomassa line of adhesive mortars in the centre-south, south, Sertões Cearenses, Baixo Jaguaribe, Médio Curu and Ipu regions. The Crateús DC has a distribution capacity ... |
Fernando Libonati to lead Business Development at FCT22 February 2022, Published under Cement NewsFernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and worked in Australia, Hong Kong, China, Germany and Brazil. Fernando holds a Mechanical Engineer... |
Brazilian cement market contracts 9% in January17 February 2022, Published under Cement NewsTotal cement sales in Brazil (including exports) declined by 8.6 per cent YoY to 4.6Mt in January 2022, according the country’s cement association, SNIC. When compared with December 2021, sales were down 3.7 per cent. In terms of sales per working day, sales fell 10.8 per cent YoY and 3.9 per cent MoM to 197,400t. SNIC attributed the fall to the worsening of the country’s economic situation and health issues (the new COVID-19 variant Omicron and influenza). The rise in inflation and intere... |
Buzzi Unicem FY21 preliminary regional results see 7% rise in cement sales10 February 2022, Published under Cement NewsCement sales of the Buzzi Unicem group amounted to 31.2Mt in 2021, increasing by 6.7 per cent when compared to 2020. Ready-mix concrete output, which stood at 12.1Mm 3 , was also up, by 3.4 per cent, compared to the volumes of last year. Consolidated net sales for the financial year increased from EUR3222.4m to EUR3445.6m. The sales volumes achieved by the group in 2021 exceeded the level of those reached in the previous year, thanks to the progress recorded in Italy, the USA and easter... |
Brazil's cement market expands 6% in 202117 January 2022, Published under Cement NewsBrazilian cement sales totalled 4.8Mt in 2021, representing a 1.6 per cent increase YoY, according to SNIC, the national cement association. As a result, the industry closes 2021 with full-year domestic sales of 64.3Mt, up 6.4 per cent YoY. In addition, exports advanced 6.9 per cent to 31,000t in December 2021, resulting in a 52.4 per cent hike in full-year volumes to 416,000t. The continuity of construction and renovation through self-construction, real estate works and an incipient res... |
InterCement sees light at the end of the tunnel24 December 2021, Published under Cement NewsFollowing InterCement Participações’s financial and management adjustment measures of the last two years, the cement producer is set to return to the markets in a leaner, healthier way. Between 2015-2018 the company, like other industry players, was hit in Brazil by falling cement demand and weighed down by high debts. “Many difficult decisions were made, but they made a lot of sense for the company,” Flávio Mendes Aidar, CEO of InterCement Participações, told Brazil-based business newsp... |
Brazilian sales advance 2% in November13 December 2021, Published under Cement NewsCement sales in Brazil edged up 2.3 per cent to 5.359Mt in November, according to the country’s cement association, SNIC. The latest data follow a continued growth trend but with decelerating magnitude as the market stabilises and the effect of the low base due to COVID-19 wanes. In April growth reached 20.8 per cent. In addition, exports declined 46.8 per cent to 5384t in November 2021 from 5288t in November 2020. In the January-November period, domestic sales were up 6.8 per cent YoY to... |