Cement News tagged under: Cimento Apodi

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Slowly back on track in Brazil?

04 August 2020, Published under Cement News

Following a four-year downturn, Brazil’s cement sector was in recovery mode in 2019. However, after a slow start to the year due to inclement weather, the coronavirus pandemic resulted in a further drop in sales in spring. The latest data show signs of demand recovery with producers pinning hopes on the implementation of private and public construction projects. Brazil’s cement industry is expecting better news in the months ahead as the resumption of private and public constructio...

Titan FY16 results bring net profits of EUR278.6m

23 March 2017, Published under Cement News

Titan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro...

Titan Cement takes US$100m stake in Brazil's Cimento Apodi

04 August 2016, Published under Cement News

Greece's Titan Cement Group has announced that it is to take a 50 per cent equity stake in Companhia Industrial de Cimento Apodi of Brazil. The deal will see Titan invest an estimated US$100m to become joint owner of the company alongside Brazilian conglomerate the Dias Branco Group. Both organisations will acquire a 50 per cent interest in the cement producer. Cimento Apodi is based in the state of Ceará in northeastern Brazil and operates a grinding plant in Pecém and a new integrate...

Cimento Apodi to expand presence in northeast Brazil

28 August 2014, Published under Cement News

Brazil-based cement producer Cimento Apodi is to construct a new cement plant in Sergipe state to reinforce its position in the northeast of the country. The new unit will have a capacity of 5000tpd involving an investment of BRL1bn, according to reports by the daily Folha . Cimento Apodi, owned by entrepreneurs Ivens Dias Branco (68 per cent) and Juscelino Sarkis (32 per cent), operates two cement plants in Brazil: the Apodi grinding plant in Pecem and the integrated Quixada works in Cea...