Cement News tagged under: Votorantim
Itacamba appoints new general manager17 January 2023, Published under Cement NewsVotorantim Cimentos -owned Itacamba Cemento SA has appointed Marcelo Morales as its new general manager with effect from 1 January 2023. Mr Morales previously served for seven years as administration and finance manager at Itacamba. A Brazilian national with a Master’s of Business Administration degree, he has worked for more than 15 years in the cement industry. |
Votorantim to invest in energy efficiency at Toral de los Vados plant11 January 2023, Published under Cement NewsIn line with Votorantim ’s Sustainability 2030 commitments, the company is investing EUR15m to improve the energy efficiency of the Toral de los Vados factory in Spain. With this investment Votorantim expect to reduce the plant's electricity consumption by seven per cent, equivalent to the average annual consumption of 1600 homes, in addition to reducing the use of fossil fuels, mainly petcoke. |
Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q2211 November 2022, Published under Cement NewsVotorantim 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 Maroc signs JV for industrial waste pre-treatment platform23 September 2022, Published under Cement NewsVotorantim Cimentos Maroc and Veolia Group have signed a joint venture shareholding agreement for the implementation of an industrial waste pre-treatment platform. This action is part of Votorantim Cimentos Maroc’s efforts to decarbonise the sector, aligned with United Nations commitments that align with the objectives of the Paris Agreement. This platform will allow the African cement producer to reduce energy-related CO 2 emissions by maximising the recovery and co-treatment of ... |
Votorantim Cimentos earns revenues of BRL4.9bn in the 1Q2212 May 2022, Published under Cement NewsVotorantim Cimentos ended the 1Q22 with consolidated net revenue of BRL4.9bn (US$953.1m), an increase of 22 per cent compared to the same period last year. This was primarily due to favourable price dynamics in Brazil, North America, Europe, Asia and Africa, in addition to the positive effect of new sales volumes resulting from acquisitions made by the company during 2021. In the first quarter, the company’s global cement sales totalled 8Mt, a growth of five per cent compared to 1Q21, d... |
Ersel Heavy Machinery completes Sivas Cement order05 January 2022, Published under Cement NewsErsel Heavy Machinery Inc recently completed its final delivery of 2021 to Votorantim’s Sivas cement plant in Turkey. The equipment order was for a new ball mill measuring 2.8m x 4.5m. |
HeidelbergCement sells southern Spanish assets to Votorantim11 November 2021, Published under Cement NewsAfter having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos. The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp... |
Votorantim Cimentos sees net income rise by 57 per cent in 3Q2111 November 2021, Published under Cement NewsVotorantim 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’ Office29 October 2021, Published under Cement NewsVotorantim 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... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |