Cement News tagged under: Latin America
Ecuador completes first cement export contract01 June 2022, Published under Cement NewsEcuador has exported cement for the first time, delivering 32,660 to of cement in 16,330 Bigbags to Peru, according to a local news service. The consignment was supplied at the end of April to position Holcim Ecuador as bulk cement exporter in Latin America and diversify its export value offer. The shipment was made possible by an investment of US$2.2m to expand infrastructure and implement the project. |
FICEM reaffirms commitment to carbon neutrality by 205016 May 2022, Published under Cement NewsFICEM has joined forces with the UN-backed Race to Zero initiative, the American Concrete Institute (ACI), ASTM International and the International Finance Corp (IFC) to achieve cement and concrete carbon neutrality by 2050 in Latin America, including the Caribbean. Hosted by the University of Miami, the Latin American cement association gathered key industry figures on 5 May 2022 to promote low-carbon neutrality targets, low-carbon cement standards, ensure the most efficient use of cement... |
Votorantim Cimentos' see net revenue regional rises in Brazil and North America13 May 2022, Published under Cement NewsIn Brazil Votorantim Cimentos ’ net revenue in the 1Q22 was BRL2.7bn (US$525.6m), a 21 per cent increase compared to 1Q21. Despite the instability of the local market, macroeconomic pressures and the strong basis for comparison with the same period last year, the increase in revenue was primarily due to the combination of higher sales volume and price. Adjusted EBITDA in the quarter was BRL359m, down 40 per cent compared to March 2021 due to cost pressure caused by commodity prices, l... |
Votorantim Cimentos earns revenues of BRL4.9bn in the 1Q2212 May 2022, Published under Cement NewsVotorantim Cimentos ended the 1Q22 with consolidated net revenue of BRL4.9bn (US$953.1m), an increase of 22 per cent compared to the same period last year. This was primarily due to favourable price dynamics in Brazil, North America, Europe, Asia and Africa, in addition to the positive effect of new sales volumes resulting from acquisitions made by the company during 2021. In the first quarter, the company’s global cement sales totalled 8Mt, a growth of five per cent compared to 1Q21, d... |
ISA Engenharia completes Votorantim project04 May 2022, Published under Cement NewsBrazil-based ISA Engenharia, a specialist in automation solutions, has recently completed a project with Votorantim Cimentos to replace the gas analyser on Line 2 at Votorantim’s Sobral facility, Brazil. The new gas analyser was supplied by FLSmidth. Line 2 operates with a PlantPAx distributed control system from Rockwell Automation, which is designed to help cement producers make better, faster process control decisions. |
CADE gives initial approval of CSN acquisition of LafargeHolcim's Brazil operations06 April 2022, Published under Cement NewsTechnical staff at Brazil's antitrust watchdog CADE have approved the acquisition of LafargeHolcim 's local business by steelmaker Companhia Siderúrgica Nacional (CSN) with no restrictions. The move represents an initial approval as the deal could still be blocked by CADE's board of directors, which is required to analyse the transaction before giving the final green light, reports Nasdaq. Until then, both companies will remain operating independently, CSN said in a securities ... |
Loma Negra expects Argentina's cement demand to continue rising11 March 2022, Published under Cement NewsThis week CemNet reported that cement consumption in Argentina had expanded by 16 per cent in February, as the market continues to consolidate its recovery from the pandemic. The improving market is a big boost for domestic cement producers such as Loma Negra which released slightly downbeat results for the 4Q21. Loma Negra, a subsidiary of InterCement (Brazil), reported a 37.4 per cent fall in net profits in the 4Q21 to ARS2795m (US$25.8m). However, sales volumes of cement, masonry and lim... |
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 ... |
Argos awarded S&P Global Gold Class Award in 2022 Sustainability Yearbook02 February 2022, Published under Cement NewsFor promoting and implementing excellent environmental, social, and corporate governance (ESG) practices and for being recognised as a world leader in sustainability in the construction materials sector by the Dow Jones Global Index, Argos , the cement company owned by Colombia-based Grupo Argos , received the Gold Class distinction in the 2022 Sustainability Yearbook awarded by S&P Global firm. This year Grupo Argos and Celsia, the group's energy business, were also recognised with g... |
Peruvian cement industry gears up for low-carbon times17 December 2021, Published under Cement NewsThis week, FLSmidth announced that it would be supplying a new pyroprocessing line to Cementos Pacasmayo in Peru. When completed, the project will turn Cementos Pacasmayo into the country's largest cement producer in terms of capacity. As a low-emissions solution, the project is part of a trend among cement producers to increasingly invest in more efficient capacity additions that support the industry's decarbonisation drive. Despite a 75.5 per cent rise in cement capacity from 11Mta in 2010... |