Cement News tagged under: Votorantim Cimentos
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... |
The quest for carbon neutrality30 October 2023, Published under Cement NewsThe cement industry will only be able to achieve its aspirations to reduce carbon emissions and address climate change by executing several strategies simultaneously. Resha Watkins, president, aggregates and sustainability, Votorantim Cimentos North America, explains the main levers of a multi-faceted approach and outlines how Votorantim Cimentos and St Marys Cement works are working to advance sustainability in the region. By Resha Watkins, Votorantim Cimentos North America. Votorant... |
Votorantim Cimentos’ green credentials21 August 2023, Published under Cement NewsAs part of Votorantim Cimentos’ decarbonisation strategy, the company has become a pioneer in the promotion of Brazil’s first Environmental Product Declarations (EPDs) for cement and concrete products. The EPDs provide Votorantim’s customers with information on the environmental footprint of its products, enabling decisions geared toward more sustainable choices and helping them obtain green certifications. By Fabio Cirilo, Votorantim Cimentos, Brazil. First-ever environmental prod... |
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 Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member09 May 2023, Published under Cement NewsOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Directors. Mr Castelli has worked for 26 years at Votorantim SA and became CEO of Votorantim Cimentos in February 2019. Under his leadership, Votorantim Cimentos grew and innovated, made important investments in Brazil, expanded internationally, advanced its go-to-market strategy, strengthened its adjac... |