Cement News tagged under: Votorantim

RSS feed

Votorantim announces 2015-18 investment plan

03 April 2015, Published under Cement News

Votorantim Cimentos announces a new investment package which will see BRL5bn (US$1.6bn) invested in five new factories in Brazil, one in Turkey and one in Bolivia, as well as in the expansion and modernisation of existing units in the 2015-18 period. The announcement comes after the company's 2007-14 BRL10bn investment plan through which the company expanded its global production capacity by 51 per cent. In Brazil, the priority is to increase production in the central-north and northeast ...

Bowmanville welcomes IEEE

31 March 2015, Published under Cement News

This year’s IEEE conference will feature a tour of the largest cement plant in Canada, the St Marys Bowmanville facility in Ontario. Over its history, the works has undergone several modernisation projects to reach its current cement capacity of 1.8Mta. Meanwhile, environmental improvements that incorporate innovative technology make Bowmanville an ideal destination for this year’s site visit. ICR looks forward to meeting delegates at the 57th IEEE-IAS/PCA Cement Industry ...

Votorantim

02 February 2015, Published under Cement News

In the US, Brazil-based Votorantim is considering investing some US$130m in its Charlevoix, Michigan, cement works to raise its capacity from 1.3Mta to 2Mta. Alternatively, it may choose to re-open its Dixon, Illinois, works that was closed as the market deteriorated.

Industry majors reportedly teaming up for LH asset disposals

09 October 2014, Published under Cement News

CRH is reportedly teaming up with Cemex to bid for all the assets that Lafarge SA and Holcim Ltd will have to sell to secure the approval of European competition authorities for their proposed merger, Reuters reported on Tuesday. HeidelbergCement AG of Germany and Brazil's Votorantim Cimentos SA also are understood to be considering a joint bid for the assets, according to sources familiar with the matter cited by Reuters. The groups would be competing with several private equity bidders f...

Molins and Votorantim to control Bolivia's Itacamba

01 August 2014, Published under Cement News

Cementos Molins of Spain plans the acquisition of a majority stake in Bolivia's Cementos Itacamba. The purchase is expected to take place via Spain-based Yacuces, a joint venture with Brazil-based Votorantim Cimentos, which is also its associate in Argentina (Cementos Avellaneda) and Uruguay (Cementos Artigas). The first step will be an agreement to buy 66.7 per cent of Itacamba Cementos, which currently runs a cement mill in Germán Busch province. Yacuces has agreed to pay US$18.6m for t...

Cosmos completes 2013 Brazil shipment quota

26 November 2013, Published under Cement News

The year’s last shipment of clinker produced at the Toral de los Vados plant of Cementos Cosmos will be heading for parent company Votorantim’s cement works in Brazil. Around 2000tpd has been trucked from the plant to the port of Langosteira, La Coruña since the end of September and loaded onto ships. As a result, some 44,500t of clinker will be heading to the Latin American country over the next few days. The shipment, the last of six undertaken this year, enables Cementos Cosmos to se...

Cementos Cosmos exports 13% of clinker to Brazil

19 August 2013, Published under Cement News

The Brazilian market is offering Spain’s Cementos Cosmos the opportunity to maintain its clinker production at a high level. Of the 1.5Mt clinker produced at its Toral de los Vados plant, Cosmos exports 0.2Mt to Brazil. While the company’s management says it is preferable to sell the clinker in the market where it is produced, " the market situation has led us to take the opportunity our parent offered, even at the cost of losing part of the profit margin in the transport,” said the compa...

Bío Bío and Votorantim to start work on Peruvian plant

25 June 2013, Published under Cement News

After two years, Chile’s Cementos Bío Bío and its Brazilian partner Votorantim have successfully obtained all permits to build their first plant in Peru, representing an investment of US$160m. In the past few weeks, the tender details for the equipment needed and the financing arrangement have been worked out. Hernán Briones, president of Bío Bío said funding would come from the cement company’s cash flow and rejected the possibility to emit shares or to realise a raise in capital. Wor...

Votorantim Cimentos unveils terms of IPO, Brazil

30 May 2013, Published under Cement News

Brazil’s leading cement producer, Votorantim Cimentos, has announced terms of its initial public offering (IPO) to fund further expansion, acquisitions and improvements in efficiency. In a preliminary prospectus, the company expects to sell 400 million units, with each unit expected to price between BRL16 (US$7.80) and BRL19. Each unit consists of one common share and two preferred shares. It will also offer American depositary shares that will be listed on the New York Stock Exchange u...

InterCement sells 52 per cent in Portuguese C+PA to Votorantim

29 April 2013, Published under Cement News

Brazilian producer InterCement has sold a 52 per cent stake in Portuguese cement and building materials maker C+PA to Votorantim. Portuguese construction group Teixeira Duarte still controls 48 per cent in C+PA, , according to Portuguese daily Diario Economico. InterCement, part of Brazilian diversified holding group Camargo Correa, indirectly controls the stake in C+PA via Portuguese cement producer Cimpor. Cimpor recognised impairments of EUR33.6m with the transaction.