Cement News tagged under: Votorantim Cimentos
Votorantim: solid but flexible28 August 2019, Published under Cement NewsBrazil’s largest cement producer and a key international player, Votorantim Cimentos embraces the concept of being a solid company that is responsive to change. New global CEO Marcelo Castelli speaks with ICR about expectations for the markets in which it operates, changes to its business model in terms of portfolio diversification, and achievements under the company’s strong commitment to sustainablity and tackling climate change. Marcelo Castelli, Votorantim Cimentos’ new global CEO... |
Votorantim Cimentos records 6% net revenue rise06 June 2019, Published under Cement NewsBrazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E... |
Votorantim acquires New York ready-mix and aggregates business21 March 2019, Published under Cement NewsUS-based ready-mix concrete, aggregates and building materials supplier United Materials has been acquired by Votorantim Cimentos North America. Located in Depew, New York, United Materials has 140 employees and operates four ready-mix plants, one aggregate quarry and two building supply retail outlets in the region. Peter J Romano Jr, executive general manager of United Materials, said the new ownership "brings a wealth of experience in our business and a long history in North America. T... |
Votorantim Cimentos sells 75% share in Shree Digvijay Cement13 November 2018, Published under Cement NewsVotorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completion of a mandatory open offer to the minority shareholders of SDCCL. The acquisition would add to True North's other investments in the building materials sector namely, RDC Concrete (“RDC”), a manufacturer of ready-mix concrete and Robo Silicon (“Robo”), a manufacturer of construction aggregates. Srikrishna Dwaram, ... |
Votorantim02 October 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent to BRL5738m (EUR1177m/US$1428m), while the cement sales advanced by 18 per cent to BRL4191m (EUR890m). The aggregates turnover rose by 52.9 per cent to BRL198m (EUR40.6m), while the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m (EUR209m). The turnover in other products and services declined by 11.7 per cent to BRL330m (EUR67.7m). The trading profit came off by 13.2 per cent to BRL338m... |
Votorantim Cimentos sees 15% rise in 1H turnover14 September 2018, Published under Cement NewsVotorantim Cimentos saw its first-half turnover improve by 14.9 per cent in 1H18 to BRL5738m (US$1365m) when compared with 1H17. The Brazilian producer’s cement sales advanced by 18 per cent YoY to BRL4191m and the aggregates turnover rose by 52.9 per cent to BRL198m.While the turnover in ready-mixed concrete was a more modest 8.7 per cent ahead at BRL1019m, the turnover in other products and services declined by 11.7 per cent to BRL330m. The company’s trading profit came off by 13.2 per ... |
Votorantim España appoints Alan Svaiter as new CEO11 September 2018, Published under Cement NewsVotorantim España has named Alan Svaiter as its new CEO, replacing Jorge Wagner, who has taken up the post of CEO of Votorantim Cimentos Europe, Asia and Africa. Mr Svaiter will oversee a 500-head strong business that includes four cement plants, two grinding units, 29 concrete plants, eight sand quarries and a mortar plant. Mr Svaiter, a Brazilian national, has been part of Votorantim since 2008 and after managing cement logistics for two years, he was appointed director of Engemix, Votora... |
Votorantim gets cold feet in Chile01 December 2017, Published under Cement NewsThis week saw a change in the stakeholder share in Chilean producer Cementos Bio Bio with Brazil-based Votorantim selling 13.1 per cent of the shares in the company to the Briones family. The divestment leaves Votorantim with an approximately 3.6 per cent stake in the Chilean cement producer, while the Briones family sees its interest increase to 39.52 per cent. The move signals that Votorantim is looking to extract itself from a market that no longer appears attractive to the Brazilian ma... |
Votorantim Cimentos to sell stake in Suwannee American28 September 2017, Published under Cement NewsBrazil-based Votorantim Cimentos is to sell its 50 per cent stake in Suwannee American Cement (SAC), located in northern Florida, USA. The sale is part of Votorantim’s strategy of prioritising assets and reducing its debt. SAC supplies cement to the construction markets of Florida and southern Georgia from its 1Mta Branford plant. Although the plant was in the path of Hurricane Irma, it has remained largely unaffected, according to information obtained by ICR. Thanks to precautions ta... |
Votorantim Cimentos inaugurates new Sivas plant06 July 2017, Published under Cement NewsVotorantim Cimentos on Wednesday inaugurated its new plant in Sivas, central Turkey, continuing the company’s strategy of geographic diversification with investments in markets with high growth potential. Involving an investment of EUR140m, the new plant has a capacity of 1.8Mta and will replace the company's old Sivas facility, located about 500km from the capital Ankara and 900km from Istanbul. “This expansion makes our Sivas operation not only more competitive and efficient, but also be... |