Votorantim Cimentos reports BRL470m net profit in 2Q23
Votorantim Cimentos ended the 2Q23 with BRL470m net profit, a 28 per cent increase compared to BRL366m (US$74.68m) in the same period last year. The company’s global net revenue...
Brazil
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Brazilian cement demand slips in July
Cement sales in Brazil decreased by 0.5 per cent YoY to 5.476Mt in July 2023 from 5.503Mt in the year-ago period, according to the national cement association, SNIC. While the m...
Buzzi SpA sees 1H23 volumes decline in Europe
Buzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy...
Buzzi SpA reports consolidated EBITDA up 58% in 1H23
Buzzi SpA announced its 1H23 results reporting that consolidated EBITDA stood at EUR575.3m, up 57.6 per cent compared to EUR365.1m of the previous year. The figure for the perio...
InterCement assets in Brazil and Argentina are on other players' radar
According to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos ...
Votorantim to receive US$150m loan for Salto plant
The International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Sal...
Brazilian cement demand up 1% in June
Brazil’s cement market expanded by 1.4 per cent YoY to 5.253Mt in June 2023 from 5.182Mt in June 2022, according to the country’s cement association, SNIC. “Brazil's economy is ...
Brazilian cement market expands 1% in May
Cement sales in Brazil (excluding imports) increased by 1.2 per cent to 5.56Mt in May 2023, when compared with 5.494Mt in May 2022, according to the Brazilian cement association...
InterCement Participacoes defers debenture playments
InterCement Participações SA (ICP) has reached an agreement with its debenture holders regarding the deferral of payments under the series of Brazilian law-governed debentures i...
Votorantim Cimentos SA applies for IFC loan for Salto project
Votorantim Cimentos SA has requested a US$150m investment loan from the International Finance Corporation (IFC) for a capex project at its Salto plant in São Paulo, Brazil. The ...