Cement News tagged under: Votorantim Cimentos

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Votorantim Cimentos' see net revenue regional rises in Brazil and North America

13 May 2022, Published under Cement News

In Brazil Votorantim Cimentos ’ net revenue in the 1Q22 was BRL2.7bn (US$525.6m), a 21 per cent increase compared to 1Q21. Despite the instability of the local market, macroeconomic pressures and the strong basis for comparison with the same period last year, the increase in revenue was primarily due to the combination of higher sales volume and price.   Adjusted EBITDA in the quarter was BRL359m, down 40 per cent compared to March 2021 due to cost pressure caused by commodity prices, l...

ISA Engenharia completes Votorantim project

04 May 2022, Published under Cement News

Brazil-based ISA Engenharia, a specialist in automation solutions, has recently completed a project with Votorantim Cimentos to replace the gas analyser on Line 2 at Votorantim’s Sobral facility, Brazil. The new gas analyser was supplied by FLSmidth. Line 2 operates with a PlantPAx distributed control system from Rockwell Automation, which is designed to help cement producers make better, faster process control decisions.    

Votorantim Cimentos' regional results in 2021 reach almost record levels

04 April 2022, Published under Cement News

Votorantim Cimentos reported close to record growth in all regions for its performance in 2021 with total cement sales of 37.2Mt across all regions. “Our business strategy and recent acquisitions, combined with our resilience and operational excellence led us to achieve sales growth in all regions and to close the year with record results,” said Marcelo Castelli, global CEO of Votorantim Cimentos. In Brazil Votorantim Cimentos had net revenue of BRL10.3bn (US$2.1bn) in 2021, a ...

Votorantim Cimentos reports net profits of BRL1.6bn in 2021

01 April 2022, Published under Cement News

Votorantim Cimentos ended 2021 with net profit of BRL1.6bn (US$337m), an increase of 244 per cent compared to 2020, primarily due to better operating results with growth in sales in all regions where the company operates and gains related to the consolidation of acquisitions made in North America and Spain. Global net revenue was BRL22.3bn, an increase of 33 per cent compared to 2020, as a result of the combination of favourable pricing dynamics, especially in Brazil and North America, ...

FYM-HeidelbergCement temporarily shuts down Málaga clinker production

18 March 2022, Published under Cement News

The FYM - HeidelbergCement Group cement plant in Málaga, of which the sale to Votorantim Cimentos is being finalised, will stop its clinker production until the end of March. The company said the step was necessary due to the “unhealthy costs of electricity that tax the cost of production since the beginning of the Russian invasion of Ukraine." The CEO of FYM-HeidelbergCement Group, Jesús Ortiz, attributes the high cost of electricity in Spain to the “marginal pricing” used for charging...

Bianca Nasser appointed as new Votorantim Cimentos finance and IR VP

01 March 2022, Published under Cement News

Votorantim Cimentos has appointed Bianca Nasser as the company’s vice president of finance and investor relations (IR), effective 1 March 2022. Ms Nasser succeeds Osvaldo Ayres Filho, who will remain at Votorantim Cimentos as director of cement, logistics and adjacent business operations. With a bachelor’s degree in Economics from the Federal University of Rio de Janeiro (UFRJ) and a master’s degree in Administration and Finance from the Pontifícia Universidade Católica of Rio de Janeiro...

Sivas revisited

29 November 2021, Published under Cement News

Votorantim Cimentos’ Sivas cement plant in Turkey was completed in 2017 as an EP project by Tianjin Cement Industry Design & Research Institute Co (TCDRI), part of Sinoma International Engineering Co. In this report, the company analyses and summarises the fuel characteristics of the plant, special design features and commissioning issues, while providing an update following a return visit in 2019 to focus on self-denitrification. By Jiaomei Ma, Zhongyuan Dai, Bo Fan and Lina Zhang, Tianjin ...

Votorantim Cimentos records regional 3Q21 performance rise in US and Brazil

12 November 2021, Published under Cement News

In Brazil Votorantim Cimentos' net revenue in the 3Q21 was BRL2.9bn (US$529.3m), an increase of 24 per cent compared to the 3Q20. Adjusted EBITDA was BRL672m an increase of 11 per cent compared to the same quarter last year.     The positive results in Brazil in the 3Q21 were primarily due to growth in sales volume and prices, even when considering the strong comparison base in 3Q20 and economic dynamics with higher costs and higher inflation, said Votorantim Cimentos. The Brazili...

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...