Cement News tagged under: Latin America
Companies circle for InterCement's assets26 February 2024, Published under Cement NewsCompanhia 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 4Q2322 February 2024, Published under Cement NewsFor 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 Melón14 February 2024, Published under Cement NewsAustralia-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 transparency07 February 2024, Published under Cement NewsVotorantim 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 202826 January 2024, Published under Cement NewsVotorantim 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 agreement17 January 2024, Published under Cement NewsAtlas 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 contract25 October 2023, Published under Cement NewsFLSmidth 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 centre04 October 2023, Published under Cement NewsBolivian 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 Cales25 September 2023, Published under Cement NewsMaerz 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... |
Argos MD forecasts further investments in the USA and Caribbean05 September 2023, Published under Cement NewsJuan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are making a significant investment in a port in Houston, which will help increase imports,” said Mr Calle. “We are also making other relevant investments in two plants that will allow us to increase our capacity in West Virginia and South Carolina, with an additional 450,000t for the domestic market. “Furthermore, we have ... |