Brazil: Magnesita 1Q16 income
Magnesita Refratários SA announced a net income of US$22.7m between January and March of 2016. The publicly-traded Brazilian Corporation focusses on mining and the production an...
Brazil
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LafargeHolcim: cement volumes up 1.4% but revenues flat
In its results for 1Q16, LafargeHolcim announced that cement volume sales rose by 1.4 per cent YoY with the Asia-Pacific region accounting for most of the improvement. Like-for-...
The BRICs come under pressure
While the cement world has been concentrating on the slowdown in China and the large-scale mergers in India's cement sector, there has been little notice to the plight of other ...
Brazil: Votorantim Cimentos downgraded to BBB-
Fitch Ratings has downgraded the foreign currency Issuer Default Rating (IDR) and senior unsecured rating of Votorantim Cimentos to 'BBB-' from 'BBB'. The rating outlook remains...
Brazil: monthly sales fall 6.1%
Cement sales in Brazil totalled 4.6Mt, down 6.1 per cent compared to the same month a year earlier, according to preliminary results and market estimates gathered by SNIC. Cumul...
Moody's downgrades Votorantim Cimentos' ratings to Ba2, outlook is negative
Moody's Investors Service downgraded Votorantim Cimentos SA's senior unsecured rated debt to Ba2 from Baa3. At the same time, Moody's withdrew Votorantim Cimentos' issuer rating...
Brazil: Votorantim Cimentos launches new portfolio of bagged cement
Votorantim Cimentos is launching in the Brazilian market the biggest innovation of its retailing cement portfolio in 83 years of history, the company said in a statement. The la...
Votorantim to invest in Spanish plant
Votorantim Cimentos will invest EUR1.7m in the Toral de los Vados cement plant of its Spanish subsidiary Cementos Cosmos. The investment will fund environmental improvements as ...
Brazil: Cimpor temporarily suspends Parana plans
Cimpor has temporarily suspended plans to build a plant in Parana state, Brazil, due to the economic slowdown in the country, company president Ricardo Lima said in a recent int...
Brazil's 2016 cement consumption expected to fall, possible recovery next year
With Brazil expected to have registered a drop in domestic consumption last year, a double-digit reduction is expected in 2016 by local industry experts, with a slight possible ...