Cement News tagged under: Votorantim

RSS feed

WEG supplies Itacamba Cemento

28 June 2017, Published under Cement News

WEG has successfully installed several electric motors for Bolivian producer Itacamba Cemento SA, owned by Votorantim Cimentos SA and Cementos Molins. The WEG package includes W22 IP66 high-performance low-voltage motors and medium-voltage slip ring motors with a brush lifting system for continuous operation and suitable for operation in aggressive environments. These electric motors will operate in drive mills, crushers and fans at the plant. WEG motors with the brush lifting system h...

Votorantim sees cement revenues fall 10% YoY in 2016

19 April 2017, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil...

Brazil: Votorantim set to complete key investments abroad in 2017

07 April 2017, Published under Cement News

Votorantim SA will complete key investment projects this year to return return to profit amid a challenging outlook, said Votorantim's CEO, João Miranda. Capital spending needs should ease as several investments in Turkey, Bolivia and the United States as well as a Brazilian wind farm project are slated to turn operational next year. Votorantim's loss came in the wake of a nine per cent drop in net revenue to BRL26.7bn (US$8.4bn) amid lacklustre cement and aluminium results and lower in...

United States: St Marys Cement Detroit plant releases dust

08 March 2017, Published under Cement News

Residents living near St Marys Cement’s Detroit plant have complained of releases of dust by the plant, according to reports in the local press. News website Local 4 details the case of a family living opposite the plant whose car was coated in material that proved difficult to remove. A statement released by the plant, which is owned by a subsidiary of Votorantim Cimentos, said that: “the timing did correspond with a period of time when dust was released during the course of performin...

Brazil: Votorantim/ArcelorMittal to combine steel businesses

24 February 2017, Published under Cement News

ArcelorMittal Brasil SA and Votorantim SA announced the signing of a definitive agreement, which will see Votorantim's long steel businesses in Brazil, Votorantim Siderurgia, become a subsidiary of ArcelorMittal Brasil. Votorantim will hold a minority stake in ArcelorMittal Brasil. Votorantim's long steel operations in Argentina (Acerbrag) and Colombia (PazdelRío) were not included in the transaction. The combination of the businesses will result in a long product steel producer with crud...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

United States: St Mary's Cement secures funding to expand North Michigan plant

29 September 2016, Published under Cement News

St Mary's Cement, a subsidiary of Brazil's Votorantim Cimentos, has had its application for funding to expand its Charlevoix plant in north Michigan approved by the Michigan Strategic Fund (MSF), according to local news reports. The approval means that the company can access US$150m from the MSF to finance the project to increase capacity at the plant from 1.4Mta to 2Mta. In a statement, Stephen Gallagher, vice president of St Mary Cement Human Resources, said: “St Mary Cement is thril...

Votorantim

02 September 2016, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a second quarter turnover 3.8 per cent lower at BRL7573m (EUR2074m) while EBITDA declined by 17.4 per cent to BRL1490m (EUR408m). The first half generated a turnover of BRL14291m and EBITDA amounted to BRL2335m, a 27.4 per cent reduction. Votorantim Cimentos contributed 46 per cent of the turnover compared with 44.8 per cent a year earlier and all of EBITDA in the quarter compared with 49.6 per cent a year prior. Net debt declined by 4...

Peru: Votorantim to buy assets of Cementos Orotongo

22 August 2016, Published under Cement News

Votorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor. The deal is worth US$4m and includes a project to set up a US$125m cement plant at La Joya with a capacity for 650,000tpa of cement and 1500tpd of clinker. This plant project was originally planned in 2011. Votorantim is also setting up a cement plant at Pachacamac, southern Lima, in alliance in Cementos Bio B...

Brazil: Votorantim takes protective measures

06 July 2016, Published under Cement News

Prompted by the unfavourable environment in Brazil and the decline in cement sales in the country, Votorantim Cimentos has adopted new measures in an attempt to maintain its competitiveness. The company will focus on innovation, productivity and performance in strategic markets in the second half of 2016. According to the National Cement Industry Union (SNIC), cement sales fell 13.9 per cent in the domestic market between January and May 2016 compared with the same period last year. In ad...