Cement News tagged under: Votorantim Cimentos

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Votorantim Cimentos announces stricter emissions target

02 December 2022, Published under Cement News

Votorantim Cimentos has revised its decarbonisation target to 475kg of CO 2  per tonne of cement by 2030. The company’s new global target is 8.7 per cent lower than the target of 520kg of CO 2 per tonne of cement previously announced as part of its 2030 Sustainability Commitments. The new Scope 1 target, which refers to CO 2 emissions generated directly by company operations, was approved by the SBTi (Science Based Target initiative) and represents a reduction of 24.8 per cent compar...

Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q22

11 November 2022, Published under Cement News

Votorantim Cimentos ended the 3Q22 with consolidated net revenue of BRL7.6bn (US$1.25bn), an increase of 19 per cent compared to the same period last year. Consolidated adjusted EBITDA in 3Q22 was BRL1.7bn, up six per cent from 3Q21 and 29 per cent higher than 2Q22. The consolidated EBITDA margin was 23 per cent, an increase of three percentage points compared to 2Q22.   The company’s global cement sales totalled 10.2Mt in the third quarter of this year, with a slight drop of one per ...

Votorantim Cimentos completes acquisition of Heidelberg Materials assets in Spain

03 November 2022, Published under Cement News

Votorantim Cimentos announced that has completed the acquisition of all the businesses of Heidelberg Materials in the south of Spain, which includes a modern integrated cement plant located in Málaga , three aggregates quarries and 11 ready-mix plants in Andalusia region.   In the last two years, Votorantim Cimentos has strengthened its presence in the Spanish cement market with the acquisition of the integrated cement plant of  Cementos Balboa in Extremadura and now with the Malaga p...

Votorantim Cimentos awards new transport contract to VLI

14 July 2022, Published under Cement News

A new contract has been signed between Votorantim Cimentos and logistics company VLI for the transportation of 625,000t of cement and petcoke. The petcoke, which is imported from the USA, will arrive in Brazil via VLI’s Inacio Barbosa Maritime Terminal. The cement cargo will be transported from Votorantim’s Laranjeiras works in Sergipe to the terminal to be transferred to other Votorantim units.

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...