Cement News tagged under: Votorantim

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Votorantim appoints Juan Aguilera as new industrial director Cementos Cosmos

23 June 2020, Published under Cement News

Votorantim has named Juan Aguilera as the new industrial director of Cementos Cosmos. Mr Aguilera will supervise the management of the company’s four cement plants and two grinding units in Spain. He has been employed by Cementos Cosmos for almost 20 years, holding positions such as the management of the Niebla and Córdoba cement plants as well as the Bobadilla grinding unit in Malaga. Following a period as director of operations for Votorantim Cimentos in Brazil, he has returned to Spain,...

Votorantim sells Canadian quarry to Sunrock Group

12 May 2020, Published under Cement News

Votorantim Cimentos' North American business unit, St Mary's Cement, has sold an existing quarry with 1400 acres of high-quality aggregate reserves located in Burnt River, Ontario, Canada, to The Sunrock Group, a privately-held construction materials supplier headquartered in Raleigh, NC, USA. According to Bryan Pfohl, the Sunrock Group’s chairman and CEO: "The Sunrock Group is looking forward to building a strong Canadian company in the Greater Toronto Area that is poised to supply high qu...

Votorantim: solid but flexible

28 August 2019, Published under Cement News

Brazil’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...

Time for a Brazilian adventure?

28 May 2019, Published under Cement News

Following the entry of Titan Cement into Brazil in 2016, fellow multinational cement producers Vicat and Buzzi Unicem have recently stepped into the local cement market despite the country’s falling cement demand last year. Others may follow this trail if Brazil’s cement market shows further signs of growth in 2019, but timing will be key. While cement demand declined in 2018, forecasts for 2019 indicate better times ahead Brazil remains one of the largest cement markets in the ...

Votorantim on course to diversify and make new investments

04 April 2019, Published under Cement News

Votorantim SA's CEO, João Miranda, says the company is preparing to further diversify its portfolio after reaching its leverage ratio goal in 2018. The group is seeking investments in areas such as infrastructure and commercial properties in Brazil, as well as cement or building materials makers in developed countries. "The group is not in a rush to invest, but it seeks assets to ensure a steady flow of dividends," said Mr Miranda. Votorantim's net debt ended 2018 at BRL13.2bn (US$3.42bn),...

Votorantim appoints new global CEO

04 December 2018, Published under Cement News

Marcelo Castelli has been appointed Votorantim Cimentos' new global CEO starting on 1 February 2019. He succeeds Walter Dissinger, who led the company for more than five years and will take on new challenges. Mr Castelli is an executive with a career of over 31 years. In 1997 he started working at VCP (Votorantim Celulose e Papel), since then, he has held several executive positions and coordinated the merger of Aracruz and VCP, which created Fibria. At the company, Castelli was the execut...

Unacem buys Cementos Portland for US$28m

15 October 2018, Published under Cement News

Peru-based Unacem has acquired Cementos Portland for US$28m from Cementos Bío Bío and Votorantim. Unacem, which operates 8.3Mta of production capacity at two plants at Atocongo and Condorcocha, informed the Superintendency of the Stock Market (SMV) that on 10 October, it had carried out "a transfer of 100 per cent of the shares representing the capital stock of Cementos Portland for the total price of US$28,095,802".

WEG supplies Itacamba Cemento

28 June 2017, Published under Cement News

WEG has successfully installed several electric motors for Bolivian producer Itacamba Cemento SA, owned by Votorantim Cimentos SA and Cementos Molins. The WEG package includes W22 IP66 high-performance low-voltage motors and medium-voltage slip ring motors with a brush lifting system for continuous operation and suitable for operation in aggressive environments. These electric motors will operate in drive mills, crushers and fans at the plant. WEG motors with the brush lifting system h...

Votorantim sees cement revenues fall 10% YoY in 2016

19 April 2017, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil...

Brazil: Votorantim set to complete key investments abroad in 2017

07 April 2017, Published under Cement News

Votorantim SA will complete key investment projects this year to return return to profit amid a challenging outlook, said Votorantim's CEO, João Miranda. Capital spending needs should ease as several investments in Turkey, Bolivia and the United States as well as a Brazilian wind farm project are slated to turn operational next year. Votorantim's loss came in the wake of a nine per cent drop in net revenue to BRL26.7bn (US$8.4bn) amid lacklustre cement and aluminium results and lower in...