Cement News tagged under: SNIC
Cement sales in Brazil up 4% in February13 March 2024, Published under Cement NewsThe Brazilian cement market expanded by 4.2 per cent YoY to 4.615Mt in February 2024 from 4.429Mt in February 2023, reports the country’s cement association, SNIC. Looking at sales per working day – the number of days worked has a strong influence on cement consumption – sales slipped 0.9 per cent YoY in February to 0.22Mt from 0.222Mt a year earlier. The key drivers to the uptick in sales include more favourable prospects in the labour market, with an increase in the wage bill and exp... |
Brazilian cement sales start 2024 with a 2% drop09 February 2024, Published under Cement NewsCement sales in the Brazilian market saw 2.1 per cent YoY drop to 4.766Mt in January 2024 when compared with 4.868Mt in January 2023, according to SNIC, the country's cement association. Exports were down 65.2 per cent YoY to 8000t from 23,000t in January 2023. The drop in domestic sales suggests that weak performance in 2023 is expected to persist in 2024. High interest rates and debt have impacted household spending, alongside a drop in income and purchasing power. The construction mark... |
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 ... |
Brazilian cement market sees contraction in 202211 January 2024, Published under Cement NewsIn December 2023 cement sales in Brazil edged up by 0.8 per cent YoY to 4.497Mt from 4.463Mt in December 2022, according to the Brazilian cement association, SNIC. Growth was led by the largest market, the southeast, where deliveries by 6.4 per cent YoY to 2.037Mt. Market expansion was also seen in the north, the country’s smaller market, where cement demand picked up by 3.4 per cent YoY to 246,000t in December 2023. However, in the northeast sales declined by 2.8 per cent YoY to 983,000t ... |
Brazilian cement sales slip 1% in November19 December 2023, Published under Cement NewsCement sales in Brazil slipped 1.3 per cent to 5.25Mt in November 2023 from 5.318Mt in November 2022, according to the Brazilian cement association, SNIC. The southeast, the country’s largest market, saw sales fall by 1.1 per cent to 2.417Mt in November 2023 when compared with the year-ago period, when sales reached 2.443Mt. However, in the northeast deliveries were up 3.2 per cent YoY to 1.102Mt in November 2023 from 1.102Mt in November 2022. The south reported an 8.4 per cent drop to 0.8... |
Brazil's cement market contracts 2% in October13 November 2023, Published under Cement NewsCement sales in Brazil declined by 2.1 per cent to 5.257Mt in October 2023 when compared with October 2022, when sales reached 5.368Mt, according to the Brazilian cement association, SNIC. The southeast, the largest market, saw sales contract by 2.9 per cent YoY to 2.382Mt in October 2023 from 2.453Mt in the year-ago period while in the northeast sales slipped by 0.9 per cent YoY to 1.092Mt from 1.102Mt. Sales in the south fell by 3.7 per cent YoY to 0.851Mt in October 2023 from 0.88Mt. Th... |
Brazilian cement market contracts 2% in 9M2313 October 2023, Published under Cement NewsCement sales in Brazil declined by 4.6 per cent YoY to 5.222Mt in September 2023 from 5.476Mt, according to the Brazilian cement association, SNIC. High basic interest rates of 12.75 per cent continue to impact the amount of real state financing for construction, which had a reduction of 44 per cent in the period up to August 2023 when compared with the previous year. In addition, the recovery of population income continues to slow and there remains a high level of household debt, which reac... |
Brazilian cement sales up 2% in August08 September 2023, Published under Cement NewsCement sales in Brazil increased by 1.8 per cent YoY to 5.973Mt in August 2023 from 5.867Mt in August 2022, according to the national cement association, SNIC. The recovery of the macroeconomic framework and of the labour market as well as the initial results of the debt settlement programme (Programa Desenrola) are leading to improved consumer confidence. However, the lower income of the population, high interest rates and high family indebtedness are continuing to affect cement sales. ... |
Brazilian cement demand slips in July09 August 2023, Published under Cement NewsCement sales in Brazil decreased by 0.5 per cent YoY to 5.476Mt in July 2023 from 5.503Mt in the year-ago period, according to the national cement association, SNIC. While the main markets of the southeast and northeast saw a pick-up in demand to 2.573Mt (+1.5 per cent YoY) and 1.088Mt (+6.5 per cent YoY), respectively in July 2023, other regions saw a contraction of sales. The south reported a drop of 10.4 per cent YoY to 0.891Mt, the central-west a 2.2 per cent decline to 0.681Mt and in ... |
Brazilian cement demand up 1% in June17 July 2023, Published under Cement NewsBrazil’s cement market expanded by 1.4 per cent YoY to 5.253Mt in June 2023 from 5.182Mt in June 2022, according to the country’s cement association, SNIC. “Brazil's economy is starting to show signs of recovery with the expectation of growth in the Gross Domestic Product (GDP), control of inflation and improvement in labour market indicators. Even so, the Brazilian cement industry remains cautious in its performance assessment, pointing to stable sales in 2023 compared to the previous year... |