Argos implements simulation model for bulk cement supply
At the eighth annual Simulation Conference organised by the Anylogic software company, Argos (Argos Group) shared its model for the optimised supply of bulk cement that it has b...
Latin America
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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....
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...
HC Trading Americas opens Miami office and appoints General Director of Trading
HC Trading Americas, LLC has a new office in Miami HC Trading Americas, LLC has recently started its operations in Miami, USA. From this location, North, Central and South Ameri...
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...
Argentina's market resurgence
Argentina's economy posted growth of 17.9 per cent YoY in the second quarter of 2021, recovering strongly after the contraction in the same period of 2020. One of the areas driv...
Colombia's tax change may impact Argos valuation
Colombia's Congressional Economic Committees have voted in support of the tax change proposed by Iván Duque's government, a step that could impact the valuation of domestic ceme...
Votorantim Cimentos sees regional sales pick-up in 2Q21
Votorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same perio...
Votorantim Cimentos records sales volume growth of 31% in 2Q21
Votorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operatio...