Cement News tagged under: Votorantim Cimentos
St Marys Cement receives funding for emissions reduction18 July 2024, Published under Cement NewsCanada’s Minister of Environment and Climate Change, Steven Guilbeault, has announced the reinvestment of up to CAD2.2m (US$1.6m) of recycled industrial pollution pricing revenues to fund a major new emissions reduction project at St Marys Cement in Ontario. According to Canadian Geographic, with this funding, St Marys Cement, which is part of Votorantim Cimentos , will be installing a new specialty cement kiln infrastructure that uses lower-carbon fuels, including discarded plastics, ... |
Votorantim Cimentos installs WEG transformers at Bowmanville17 July 2024, Published under Cement NewsVotorantim Cimentos North America (St Marys Cement) has installed WEG transformers to upgrade the substation at its plant in Bowmanville , Canada. The scope of supply consists of four transformers of 20 and 25MVA power and 43.8/4.16kV voltage. On this project, sales and engineering teams from Brazil worked in partnership with V J Pamensky Canada Inc, a company that has been the exclusive distributor of WEG in Canada for the last 47 years. To ensure the performance of the transformers ... |
Votorantim Cimentos’ solid and sustainable growth16 July 2024, Published under Cement NewsVotorantim Cimentos CEO, Osvaldo Ayres, highlights the company’s achievements and sets his sights on the future as the cement producer pursues a strategy of robust and sustainable growth going forward. By Osvaldo Ayres, Votorantim Cimentos, Brazil In the town of Itaperuçu, Paraná, Votorantim Cimentos will be spending BRL145m in the first site in Brazil dedicated exclusively to the company’s sustainable waste management and disposal business, Verdera, and its agricultural solutio... |
Votorantim Cimentos Spain appoints new sustainability director19 June 2024, Published under Cement NewsVotorantim Cimentos España has appointed Carmen Boulet as its new director for sustainability, strategy and new business, reporting directly to CEO, Alan Svaiter. An industrial engineer with an MBA from Colombia Business School, Ms Boulet started her career at McKinsey & Co. During that period she accompanied large companies in the world of banking, energy and telecommunications in Latin America and European countries such as Germany, the UK and Norway, to outline their business strategy... |
Votorantim Cimentos improves 1Q margins15 May 2024, Published under Cement NewsVotorantim Cimentos ended the 1Q24 with better margins due to higher sales volume and lower costs. The company’s global cement sales totalled 8.1Mt, up one per cent YoY compared to 1Q23. The company posted global net revenue of BRL5.5bn (US$1.072bn) in the 1Q24, down four per cent in local currency (excluding the effect of exchange rate variation) compared to the same period last year. This resulted primarily from lower volume in North America, which was partially offset by positive res... |
Votorantim Cimentos opens new waste treatment unit in Itaperuçu12 April 2024, Published under Cement NewsBrazil-based Votorantim Cimentos inaugurated its first Brazilian unit dedicated to the operations of Verdera, its sustainable waste management and disposal arms and Viter, an agricultural inputs business, in Itaperuçu. The waste treated at the Itaperuçu will be used at Votorantim Cimentos' Rio Branco do Sul plant. The BRL145m (US$28.6m) investment will house a new Verdera waste crushing plant an a new agricultural limestone production line. Verdera's new shredding plant has the capacit... |
Votorantim Cimentos announces a 123% increase in net profit in 202322 March 2024, Published under Cement NewsVotorantim Cimentos has reported a 123 per cent growth in net profit in 2023 to BRL2.6bn (US$522.7m), from BRL1.2bn in 2022. The company’s consolidated global net revenue was BRL27.7bn, increasing three per cent YoY from BRL30bn in 2022. This growth in revenue was due to advantageous market dynamics in North America, Europe, Asia and Africa. In Brazil, where the company is based, total sales amounted to 37Mta, increasing marginally from 2022. Global CEO of Votorantim Cimentos, Osvaldo A... |
Votorantim and Atlas Renewable energy sign 100MW solar agreement17 January 2024, Published under Cement NewsAtlas Renewable Energy, an international leader in providing renewable energy solutions for corporations, and Votorantim Cimentos have signed a Power Purchase Agreement (PPA) to supply and purchase, respectively, 100MW of solar energy for the next 15 years. The solar energy provided through this agreement will support the energy needs of Votorantim Cimentos’ production units and distribution centres located in the south, southeast, and midwest regions of Brazil. With the new partnership... |
PCA appoints new chair and vice chair07 December 2023, Published under Cement NewsPortland Cement Association (PCA) has announced new leadership for its board of directors. Massimo Toso has been elected chairman of the PCA. Mr Toso is the current president and CEO at Buzzi Unicem USA and has served the last year as vice chair to former PCA Chairman Filiberto Ruiz. Monica Manolas is PCA’s new vice chair and the first woman in the 21st century to be elected to the position. Ms Manolas currently serves as president of Ash Grove East . Also at the meeting, Jorge Wagne... |
Votorantim Cimentos posts 36% profit growth in 3Q2310 November 2023, Published under Cement NewsVotorantim Cimentos has posted revenue of BRL7.4bn (US$1.51bn) in the third quarter of 2023, down three per cent compared to the same period a year earlier. The decline has been attributed to “market dynamics and the negative impact of the appreciation of the Real.” Net profit over the three-month period came in at BRL824m, marking a 36 per cent increase YoY. Cement sales in the 3Q23 stood at 10.3Mt, a one per cent uptick on the same period in 2022. Consolidated adjusted EBITDA reached... |