Cement News tagged under: Votorantim

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Ersel Heavy Machinery completes Sivas Cement order

05 January 2022, Published under Cement News

Ersel Heavy Machinery Inc recently completed its final delivery of 2021 to Votorantim’s Sivas cement plant in Turkey. The equipment order was for a new ball mill measuring 2.8m x 4.5m.

HeidelbergCement sells southern Spanish assets to Votorantim

11 November 2021, Published under Cement News

After having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos.   The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp...

Votorantim Cimentos sees net income rise by 57 per cent in 3Q21

11 November 2021, Published under Cement News

Votorantim Cimentos posted net income of BRL1.1bn (US$200.5m) in the 3Q21, an increase of 57 per cent over the same period last year.   The company had global net revenue of BRL6.4bn in the 3Q21, an increase of 24 per ent compared to the 3Q20, primarily due to an increase in sales volume and favourable price dynamics.  Votorantim Cimentos' global cement sales totalled 10.4Mt in the 3Q21, a seven per cent increase compared to the 9.7Mt sold in the 3Q20.  Votorantim Cimentos ended...

Votorantim faces civil action from Federal Prosecutors’ Office

29 October 2021, Published under Cement News

Votorantim Cimentos SA, has stated that it became aware, through the media, of a public civil action filed by the Federal Prosecutors’ Office of São Paulo (MPF-SP) related to the decision issued by the Brazilian Administrative Council for Economic Defense (CADE) for alleged anticompetitive practices in the scope of the administrative proceeding that was closed in October 2015.   In this public civil action, MPF-SP would require the conviction of entities and cement companies, includin...

Votorantim Cimentos records sales volume growth of 31% in 2Q21

11 August 2021, Published under Cement News

Votorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions.  Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a...

Votorantim: introducing higher cement production with lower CO2 emissions

23 July 2021, Published under Cement News

This week, Brazil has been the country for a lot of developments in the cement industry. In particular, Votorantim announced it had completed its new production line in Pecem, Brazil, which also highlighted the cement sector's need to make its cement production more efficient and sustainable with lower emissions. The industry still has the larger topic of carbon pricing hanging over it and the introduction of new cement capacity will highlight the issue of some of the older plants that are n...

Votorantim Cimentos starts operating new Pecém line

21 July 2021, Published under Cement News

Votorantim Cimentos has announced the start of operation of a new production line at its cement site in the Pecém Industrial and Port Complex, in the state of Ceará, Brazil. As a result of this expansion, the unit now has a production capacity of approximately 1Mta of cement. The volume produced in the new site will enhance the supply of the metropolitan area of Fortaleza. Votorantim Cimentos invested approximately BRL200m (US$38.26m) in the project. During construction and start of opera...

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...