Cement News tagged under: Votorantim
Votorantim Cimentos unveils terms of IPO, Brazil30 May 2013, Published under Cement NewsBrazil’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 Votorantim29 April 2013, Published under Cement NewsBrazilian 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. |
Votorantim Cimentos sees gains in Brazil, USA03 April 2013, Published under Cement NewsVotorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 per cent. "The combination of a favorable market alongside the opening of new factories and mills allowed a four per cent increase in sales volume in Brazil, reaching 24Mt. The average price of cement rose fou... |
Cimpor: restructured for growth25 March 2013, Published under Cement NewsFollowing the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin America and Africa, two geographic areas with high growth potential. Essentially, Cimpor acquired the assets held by Camargo Correa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay in exchange for Cimpor's assets in Morocco, Tunisia, Turkey, India, China, Peru, Spain, which were subsequently transfer... |
Cimpor04 January 2013, Published under Cement NewsCimpor has concluded its assets exchange with its majority shareholder InterCement Austria Holding, whereby Cimpor acquired the assets held by Camargo Corrêa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay and Angola in exchange for the Cimpor assets in Morocco, Tunisia, Turkey, India, China and Peru as well as most of the activities in Spain and 21.21 per cent of Cimpor's net debt. InterCement Austria subsequently exchanged those assets and liabilities with Votoranti... |
Votorantim04 January 2013, Published under Cement NewsDuring the first nine months of 2012, Votorantim sold 3.4 per cent more cement in Brazil, which accounted for 89.4 per cent of the group cement volume as it was at the time, or 18.49Mt. Brazilian cement prices improved by around five per cent. In North America, volumes advanced by 17.4 per cent to 2.16Mt, but the dollar price declined by 13 per cent. Turnover improved by 9.9 per cent to BRL7192m (€2633m) and the EBITDA rose by 16.2 per cent to BRL2226m (€815m). The improvement in the EBITDA ... |
Cimpor, Camargo Correa transaction moves ahead24 December 2012, Published under Cement NewsThe board of Cimpor has approved a swap of shares of its holding InterCement, paving the way for Camargo Correa to purchase the 21,2% stake held by Votorantim Cementos on Cimpor, according to reports in Valor Economico. InterCement is passing on the Cimpor 17 cement plants involving assets worth EUR817.1m and is receiving from InterCement assets worth EUR1199bn. The swap was coordinated by Morgan Stanley and Rothschild. The next step is to wind up the deal with Votorantim to collect EUR5.... |
Votorantim prepares IPO for next year - report21 December 2012, Published under Cement NewsBrazil’s largest cement producer Votorantim Cimentos is preparing an initial public equity offering (IPO) of at least US$3bn, according to a report by Bloomberg citing three sources familiar with the matter. Votorantim Cimentos hired Banco Itau BBA SA and JPMorgan Chase & Co. (JPM) to manage the deal and will include additional banks, said the source. The IPO will take place sometime next year, they said. “Such a move is not Votorantim’s actual plan,” the company said in an emailed s... |
Walter Schalka to step down as Votorantim Cimentos CEO, Brazil31 October 2012, Published under Cement NewsWalter Schalka has resigned his position as CEO of Brazilian market leader Votorantim Cimentos after seven years at the helm. Mr Schalka will leave step down at the end of November and Paulo Henrique de Oliveira Santos, director of business development at Votorantim Industrial, will temporarily chair the company. Speaking of his time at the company, he thanked the executive board of Votorantim Cimentos who "always supported me, allocating resources to implement the further growth of the co... |
New Uruguay joint venture plant investment04 October 2012, Published under Cement NewsThree cement companies are planning to invest in a new joint venture cement plant in eastern Uruguay’s Treinta y Tres department to tap export potential in neighbouring Brazil, according to local press reports. State oil and cement company ANCAP, along with Spanish cement producer Cementos Molins and Brazil’s Votorantim have filed an Environmental Impact Assessment (EIA) for a new 750,000tpa. Total costs are estimated at US$160m, with Cementos Molins contributing 60 per cent and ANCAP and... |