October sales down 10% in Brazil
While year-to-date sales of cement in Brazil continue to be high in the period until October 2021, October’s stand-alone result has been seen as the worst of the year, according...
Brazil
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Votorantim Cimentos records regional 3Q21 performance rise in US and Brazil
In Brazil Votorantim Cimentos' net revenue in the 3Q21 was BRL2.9bn (US$529.3m), an increase of 24 per cent compared to the 3Q20. Adjusted EBITDA was BRL672m an increase of 11 p...
Votorantim Cimentos sees net income rise by 57 per cent in 3Q21
Votorantim 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....
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe
The sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than off...
Votorantim faces civil action from Federal Prosecutors’ Office
Votorantim 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 th...
Votorantim Cimentos completes Cementos Balboa acquisition
Brazil-based Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has announced the acquisition of Cementos Balboa. Cementos Balboa has a modern integrated ...
September sales in Brazil continue to decline
Cement sales in Brazil slipped 1.6 per cent in September 2021 to 5.698Mt when compared with 5.812Mt sold in September 2020, according to Brazilian cement association, SNIC. The ...
Belterra clay could replace limestone in cement production
In a study, funded partly by the Brazilian Ministry of Education, Martin Luther University Halle-Wittenberg (MLU), Germany, and Brazil’s University of Pará, have found that CO2 ...
InterCement Participações completed BRL1bn debenture amortisation
IInterCement Participações SA (ICP) has concluded the partial amortisation of its debentures for BRL1bn (US$180m). The transaction follows a new debt issuance from its subsidiar...
Brazil's cement sales expand in August
Cement sales in Brazil edged up 1.1 per cent YoY to 5.864Mt in August 2021, according to SNIC, the country’s cement association. However, when considering the number of days wor...