Cement News tagged under: Latin America

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A more concise InterCement Participaçoes

01 March 2024, Published under Cement News

The last year has seen InterCement Participacoes (Mover) work hard to divest parts of its cement business to lower its debt. It is now being courted by several leading cement producers that are looking to make bids for further of the company's assets, making it likely that more divestments will be agreed before May and July, when the Brazilian company's latest set of debts are set to mature. Last week's statement from InterCement about having "received a series of inquiries and expressions ...

Companies circle for InterCement's assets

26 February 2024, Published under Cement News

Companhia Siderúrgica Nacional (CSN) and a consortium led by Votorantim Cimentos , including Polimix and Buzzi, have made binding proposals for the purchase of the assets in Brazil of Loma Negra 's parent company InterCement Participações  (InterCement), according to a local source.  InterCement has commented that it has received a series of inquiries and expressions of interest in its assets during recent months. BTG Pactual Bank is assisting in evaluating strategic alternatives, such...

Argos' adjusted EBITDA totals COP672bn in 4Q23

22 February 2024, Published under Cement News

For the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12   per cent compared to 4Q22. The results were driven by strong pricing dynamics, especially in the US, combined with cost efficiencies in both Colombia and the US. Adjusted EBITDA margin stood at 23.2 per cent for the quarter, increasing 393 basis points versus 2022 on a comparable basis.  In terms of volumes, total cement dispatches reached 3.8Mt, with a contraction of 2.3 per cent, caus...

Freehill Mining to supply Cementos Melón

14 February 2024, Published under Cement News

Australia-based Freehill Mining Ltd has secured a purchase order from Chile’s Cementos Melón with a gross sales value of approximately US$185,000. The purchase order is for the supply of material to Melón’s Coquimbo cement plant from Freehill’s 100 per cent-owned Yerbas Buenas project in Maule Region, Chile. The material will be delivered over a two-month period, likely to commence in mid-March 2024. Although the volume and price secured per cubic metre under this purchase order has no...

Votorantim Cimentos earns CDP recognition for sustainability transparency

07 February 2024, Published under Cement News

Votorantim Cimentos was recognised for its leadership in corporate transparency and climate change performance by CDP. Based on data reported through the CDP Climate Change 2023 Questionnaire, Votorantim Cimentos earned an A score, placing the company among a small number of organisations that are ranked at the top of the list and exemplify best practices in the market. “Earning the highest score from CDP is something we are very proud of. We work daily to achieve our goals in line with...

Votorantim Cimentos to invest BRL5bn until 2028

26 January 2024, Published under Cement News

Votorantim Cimentos announced BRL5bn (US$1bn) in investments, which BRL1.5bn (US$300m) are already in place, to expand the company's cement capacity by 10 per cent in the next five years (3Mta). At BRL1666m/t (US$333m/t), the investment is expected to increase the yearly EBITDA by BRL1.3bn (US$260m) - 26 per cent of Votorantim's 2022 EBITDA, as stated by the news.  According to Osvaldo Ayres Filho, global CEO, the investment will also increase the company's competitiveness, reduce mining ...

Votorantim and Atlas Renewable energy sign 100MW solar agreement

17 January 2024, Published under Cement News

Atlas Renewable Energy, an international leader in providing renewable energy solutions for corporations, and Votorantim Cimentos have signed a Power Purchase Agreement (PPA) to supply and purchase, respectively, 100MW of solar energy for the next 15 years. The solar energy provided through this agreement will support the energy needs of Votorantim Cimentos’ production units and distribution centres located in the south, southeast, and midwest regions of Brazil. With the new partnership...

FLSmidth awarded new service contract

25 October 2023, Published under Cement News

FLSmidth will support a leading cement producer to improve the reliability and performance of its operations in Latin America. The new contract builds on a long-standing relationship between the two companies and will last a period of 18 months.  Covering the complete production process, from quarry to packing plant, FLSmidth will support the customer in improving overall equipment efficiency and thus plant productivity. The scope of supply includes training and mentoring of plant perso...

Itacamba launches new distribution centre

04 October 2023, Published under Cement News

Bolivian cement producer Itacamba has announced the launch of a fourth distribution centre to help efficiently serve cement demand requirements in the country’s La Paz Department. The new distribution centre is strategically located on the premises of the Exprinter Bolivia Logistics Complex, in the Senkata area of the city of El Alto, enabling the company to promptly meet local consumption needs. Itacamba has existing distribution centres in Santa Cruz de la Sierra, Montero, Cocha...

Maerz Ofenbau AG carries out kiln audit and training at Cbb Cales

25 September 2023, Published under Cement News

Maerz Ofenbau AG has conducted a combined kiln audit and training at CCB Cales’ Jáchal lime plant in San Juan district, Argentina. The goal was to improve operations and safety, and to bring all kiln personnel back up to the same level of knowledge, said Maerz Ofenbau AG. The Jáchal lime plant, operated by Cbb Cales Argentina (formerly known as Compania Minera del Pacifico), has a long-standing reputation for producing high-quality lime products. The plant aims to further streamline its p...