Cement News tagged under: Votorantim
Votorantim prices St Marys Cement Inc debt security notes for environmental performance03 April 2024, Published under Cement NewsVotorantim Cimentos SA has informed the general market that it has priced an offering in the international market of debt securities issued by its subsidiary St Marys Cement Inc , Canada of US$500m with 5.896 per cent yield per annum and 5.75 per cent coupon per annum. The yield will be payable semi-annually on the second day of April and October of each year, starting from 2 October 2024, and maturing on 2 April 2034. The Notes will have an environmental performance indicator (KPI)... |
Nasequip Systems supplies gas cooling system for Cementos Cosmos28 February 2024, Published under Cement NewsNasequip Systems Pvt Ltd has commissioned a dual-fluid gas cooling system for Cementos Cosmos ( Votorantim Group ) Toral De Los Vados cement plant, Spain. Turkish partner Dal Engineering assisted with this project. The preheater tower measures 4.3m diameter x 50m high. The project's significance lies in its substantial impact on enhancing the operational efficiency and productivity of the plant. The feasibility study, calculations, engineering, design, manufacturing, testing, automa... |
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 ... |
Cosmos Cement expects more sustainable cement but no change in production output08 January 2024, Published under Cement NewsThe Cosmos Cement Co ( Votorantim Cementos ) in Toral de los Vados expects its pending data production for 2023, to be in line with the previous year when almost 500,000t of clinker and 600,000t of cement were reached. Cosmos Cement has targeted more sustainable production. Director of the factory, Jaime Santoalla, said the use of raw materials such as ashes or thermal gypsum has prevented the arrival of 50,000t of rubbish to landfills in addition to avoiding, with the use of alternativ... |
Votorantim Cimentos reports BRL470m net profit in 2Q2314 August 2023, Published under Cement NewsVotorantim Cimentos ended the 2Q23 with BRL470m net profit, a 28 per cent increase compared to BRL366m (US$74.68m) in the same period last year. The company’s global net revenue in the quarter was BRL6.9bn, an increase of three per cent compared to the 2Q22, primarily due to the volume added by the Málaga plant in southern Spain acquired in November 2022. The company’s global cement sales in the 2Q23 totalled 9.5Mt, a slight decrease of one per cent compared to the 2Q22. Performance... |
Votorantim to receive US$150m loan for Salto plant18 July 2023, Published under Cement NewsThe International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Salto’s plant , in São Paulo State, Brazil, by upgrading kiln W4 and building a new residue-derived fuel (RDF) facility for refining solid non-hazardous and hazardous waste with an installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with approximately 34 per cent of alternative f... |
Itacamba appoints new general manager17 January 2023, Published under Cement NewsVotorantim Cimentos -owned Itacamba Cemento SA has appointed Marcelo Morales as its new general manager with effect from 1 January 2023. Mr Morales previously served for seven years as administration and finance manager at Itacamba. A Brazilian national with a Master’s of Business Administration degree, he has worked for more than 15 years in the cement industry. |
Votorantim to invest in energy efficiency at Toral de los Vados plant11 January 2023, Published under Cement NewsIn line with Votorantim ’s Sustainability 2030 commitments, the company is investing EUR15m to improve the energy efficiency of the Toral de los Vados factory in Spain. With this investment Votorantim expect to reduce the plant's electricity consumption by seven per cent, equivalent to the average annual consumption of 1600 homes, in addition to reducing the use of fossil fuels, mainly petcoke. |
Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q2211 November 2022, Published under Cement NewsVotorantim Cimentos ended the 3Q22 with consolidated net revenue of BRL7.6bn (US$1.25bn), an increase of 19 per cent compared to the same period last year. Consolidated adjusted EBITDA in 3Q22 was BRL1.7bn, up six per cent from 3Q21 and 29 per cent higher than 2Q22. The consolidated EBITDA margin was 23 per cent, an increase of three percentage points compared to 2Q22. The company’s global cement sales totalled 10.2Mt in the third quarter of this year, with a slight drop of one per ... |