Votorantim Cimentos starts operating new Pecém line
Votorantim Cimentos has announced the start of operation of a new production line at its cement site in the Pecém Industrial and Port Complex, in the state of Ceará, Brazil. As ...
Brazil
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CSN postpones IPO
Brazilian cement and steelmaker CSN has postponed an initial public offering (IPO) of its cement unit which was expected to be launched in the coming days, newspaper Valor Econo...
Brazil market expands in June with expectations of 6% growth in 2021
Cement sales in Brazil edged up 1.5 per cent to 5.438Mt in June 2021 from 5.358Mt in June 2020, according to the country’s cement association, SNIC. Self-construction as well as...
CSN confirms acquisition of Elizabeth Cimentos
Brazil’s Companhia Siderúrgica Nacional (CSN), the largest steel company in Brazil and Latin America, has reached an agreement to acquire Elizabeth Cimentos for BRL1.08bn (US$21...
Moody's Investor Service upgrades Votorantim SA and Votorantim Cimentos
Moody’s Investors Service has assigned an investment grade rating on a global scale to the holding company Votorantim SA and its portfolio company Votorantim Cimentos. Moody’s u...
Brazilian market expands 14% in May
Cement sales in Brazil advanced 13.6 per cent YoY to 5.465Mt in May 2021 from a low base of 4.809Mt in May 2020, reported the country’s cement association, SNIC. Real estate wor...
CSN Cimento is closing in on Brazilian plant acquisition
Brazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing ...
Votorantim Cimentos reports BRL22m net profits in 1Q21
Votorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20. The company's global net revenue in the first quarter of...
CSN requests IPO for cement division
After the recent IPO of its mining arm, Brazilian steelmaker CSN is now looking to list shares of its cement division. The company requested authorisation from securities regula...
Brazil's SNIC urges short-term caution with sunnier outlook from 2022
Commenting on the latest consumption data of the Brazilian cement market, the country’s cement association, SNIC cautioned against too much optimism for 2021: “The cuts in the f...