Cement News tagged under: Votorantim

RSS feed

Votorantim Cimentos commences McInnis Cement integration

04 May 2021, Published under Cement News

Votorantim Cimentos, the seventh largest cement producer in the world, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced   that they have completed the transaction to combine cement operations in North America.   After having obtained regulatory approval from authorities in Brazil, Canada and the United States, St Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos can now commence with the integration process...

Votorantim ends 2020 with net revenue of BRL16.7bn

09 April 2021, Published under Cement News

Votorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions.   Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with ...

Votorantim's regional results rise in 2020

09 April 2021, Published under Cement News

According to the National Cement Association (SNIC) cement sales in Brazil grew 11 per cent YoY in 2020, which also boosted the recovery of prices in the local market. The growth was driven by changes in consumption patterns in the country during the pandemic that led to an increase in civil construction, by the emergency aid granted by the federal government, and by low interest rates, which also resulted in the recovery of the real estate market.   Votorantim Cimentos’ net revenue...

Votorantim and McInnis to combine Canadian operations

11 December 2020, Published under Cement News

St Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the USA. The joint venture will be owned by Votorantim Cimentos International (VCI), the international investments platform and wholly-owned subsidiary of Votorantim Cimentos SA, the sixth-largest cement producer in the world, and Caisse de dépôt et placement du...

Votorantim Cimentos reports 3Q20 EBITDA of BRL1.5bn

13 November 2020, Published under Cement News

Votorantim Cimentos recorded global net revenue of BRL5.2bn (US$961.2m) in the 3Q20, a 37 per cent increase compared to 3Q19. The growth was due to the positive impact of a 15 per cent increase in sales, resulting from a recovery in demand in all regions. In addition to positive market dynamics and the appreciation of the dollar against the real.     Consolidated adjusted EBITDA in the quarter was BRL1.5bn, an increase of 94 per cent in comparison with the 3Q19, with an EBITDA margin o...

Votorantim Cimentos sets CO2 emissions goal at 520kg/t cement by 2030

13 November 2020, Published under Cement News

Votorantim Cimentos has announced its 2030 sustainability commitments. The objective is to align the company’s worldwide operations to current and future needs of society, thereby creating a positive impact on the entire value chain and in the communities where the company operates. The commitments are divided into seven pillars: ethics and integrity; health, safety and well-being; diversity and inclusion; innovation; environmental footprint; circular economy; and shared value. Votoran...

Petcoke markets and the cement industry

11 September 2020, Published under Cement News

Conventional fossil fuels account for around 80 per cent of fuels used in cement kilns worldwide, of which petcoke accounts for a 40-45 per cent share. Ahead of the Argus Petcoke Live virtual conference, we share some insights into the petcoke and refining market alongside views from the cement industry and the positive steps it is taking on environmental initiatives. Interview with Steve Weber, VP of Americas Consulting, Argus How has the refining sector been hit by COVID-19 and oil pri...

Votorantim reduces production at Oural

15 July 2020, Published under Cement News

Votorantim-owned Oural cement plant in Spain will considerably reduce its cement production as a result of falling demand from the construction sector due to the COVID-19 pandemic. The cement producer has seen a significant fall in its sales in Spain and industry sources expect the sector to see a decline of 20 per cent for the full year. The decision will see a reduction in the production of clinker in particular as the company will continue to bag and distribute cement as the market requi...

Votorantim appoints Juan Aguilera as new industrial director Cementos Cosmos

23 June 2020, Published under Cement News

Votorantim has named Juan Aguilera as the new industrial director of Cementos Cosmos. Mr Aguilera will supervise the management of the company’s four cement plants and two grinding units in Spain. He has been employed by Cementos Cosmos for almost 20 years, holding positions such as the management of the Niebla and Córdoba cement plants as well as the Bobadilla grinding unit in Malaga. Following a period as director of operations for Votorantim Cimentos in Brazil, he has returned to Spain,...

Votorantim sells Canadian quarry to Sunrock Group

12 May 2020, Published under Cement News

Votorantim Cimentos' North American business unit, St Mary's Cement, has sold an existing quarry with 1400 acres of high-quality aggregate reserves located in Burnt River, Ontario, Canada, to The Sunrock Group, a privately-held construction materials supplier headquartered in Raleigh, NC, USA. According to Bryan Pfohl, the Sunrock Group’s chairman and CEO: "The Sunrock Group is looking forward to building a strong Canadian company in the Greater Toronto Area that is poised to supply high qu...