Slowly back on track in Brazil? Premium
Following a four-year downturn, Brazil’s cement sector was in recovery mode in 2019. However, after a slow start to the year due to inclement weather, the coronavirus pandemic r...
Brazil
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Vicat's 1H20 results see consolidated sales of EUR1.3bn
Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent...
Titan Group's 1H20 revenues stable at EUR786m
Titan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitiou...
Brazilian cement demand up 24% in June
Cement sales in Brazil rose 24.2 per cent YoY in June 2020. Domestic offtake reached 5.2Mt in June, according to the country’s cement association, SNIC. In the first half of 202...
Brazil's cement demand rises 3% in May
The Brazilian cement market expanded by three per cent YoY to 4.761Mt in May 2020, according to the country’s cement association, SNIC. Between January-May, dispatches slipped 0...
Votorantim Cimentos sees net revenue up 9% in 1Q20
Votorantim Cimentos' financial statement for the period ended 31 March 2020 reported net revenue up nine per cent to BRL2747m (US$494.6m) from BRL2524m in the 1Q19, while adjust...
Brazil cement consumption declines 7% in April
While Brazilian cement sales in April fell 6.9 per cent YoY to 4.1Mt, sales per business day saw a drop of only 2.5 per cent to 185,500t, according to Brazil’s cement associatio...
Brazil's cement demand stable in March
Following a good first half to the month, Brazilian cement consumption saw a sharp decline in the second half of March, according to the country’s cement association, SNIC. The ...
Moody's changes outlook for Votorantim Cimentos
The outlook for Brazil’s Votorantim Cimentos has been downgraded from positive to negative by Moody’s Investors Service. However, the Ba1 rating for the company has been affirme...
Aumund names new MD of Brazilian subsidiary
Aumund has named Paulo Lima as the new managing director of its Brazilian subsidiary, based in São Paulo. Paulo Lima has already had a successful career in mechanical engineerin...