Cement News tagged under: latin america
Votorantim Cimentos SA applies for IFC loan for Salto project02 June 2023, Published under Cement NewsVotorantim Cimentos SA has requested a US$150m investment loan from the International Finance Corporation (IFC) for a capex project at its Salto plant in São Paulo, Brazil. The modernisation will give the plant new co-processing capacity. Kiln W4 will be upgraded and a new residue-derived fuel (RDF) facility will be constructed for refining solid non-hazardous and hazardous waste with the installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with app... |
Argos reports record 1Q23 operating EBITDA10 May 2023, Published under Cement NewsArgos recorded an operating EBITDA of US$127m in the 1Q23, the highest achieved in a first quarter in its history and 41.3 per cent higher than in the 1Q22. Regarding consolidated revenues, it earned US$721m, representing a growth of 11.9 per cent compared to the previous year. Net profit closed at US$25m, while the leverage index stood at a level of 3.1 times, with a slight increase compared to December, mainly caused by the accelerated revaluation of the Colombian peso at the end of Ma... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Votorantim Cimentos reports decarbonisation progress04 April 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with positive results in its decarbonisation journey. Globally, the company emitted 579kg of CO 2 /t of cement produced, a three per cent reduction compared to 2021. Between 1990 and 2022, Votorantim Cimentos reduced its CO 2 emissions per tonne of cement produced by 24 per cent. In 2022 Votorantim Cimentos’ thermal substitution rate through co-processing was 26.5 per cent, reflecting the increased use of alternative fuels (mainly waste and biomass) to r... |
Holcim Argentina acquires 51% stake in Quitam SA29 March 2023, Published under Cement NewsHolcim Argentina has acquired a 51 per cent stake in paints and liquid membranes producer Quitam SA. According to Holcim, the move is “aligned with the Holcim Group strategy focused on expanding its portfolio with products and services that provide comprehensive solutions for construction.” The deal includes a paint and coatings factory with an installed production capacity of 40m litres per year. Holcim plans to supply Quitam’s products to the market through its existing retail network... |
FLSmidth wins Secil Supremo Cimento plant modification order23 March 2023, Published under Cement NewsFLSmidth has been awarded a contract to increase the capacity at Secil Supremo Cimento 's Adrianópolis plant to 3900tpd and at the same time decrease its dependence on fossil fuels. The Adrianópolis plant, located in the Brazilian state of Paraná, was initially supplied by FLSmidth and commissioned in 2015. The scope of supply for the Adrianópolis plant upgrade includes products and engineering to improve the pyroprocessing system. In particular, modifications will be made to the pr... |
Lindner’s shredding technology at work in Mexico17 March 2023, Published under Cement NewsRegenera, a CEMEX subsidiary, has committed itself to collecting and recovering waste and has established more than 10 waste collection centres throughout Mexico. However, the focus is not only on collecting but also on expertly recovering waste. While some types of waste can be successfully recycled, non-recyclables are used to produce high-quality refuse-derived fuel (RDF). At its flagship plant, the Monterrey waste recovery facility, Regenera relies on the experience of recycling pionee... |
Votorantim records strong Brazilian revenue in 2022 regional results17 March 2023, Published under Cement NewsIn Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an... |
Holcim extends sales channels in Mexico13 March 2023, Published under Cement NewsHolcim has acquired INDAR, a leading hardware wholesaler in Mexico with 2022 net sales of US$71m. With this acquisition, Holcim adds more than 10,600 additional hardware products to its range of solutions across its Disensa retail network. INDAR supplies hardware of over 80 leading brands, from roofing needs to tools and adhesives all the way to electrical and plumbing supplies. The acquisition includes INDAR’s nine distribution centres around the country, as well as its fulfilment centre ... |
FICEM and GCCA Seminar sets out Latin American Net Zero goal23 February 2023, Published under Cement NewsFICEM and the Global Cement & Concrete Association (GCCA) hosted an online seminar on 'Acceleration of Net Zero: cement and concrete' on 22 February 2023 to outline the progress being made in the Latin American region. Thomas Guillot, GCCA CEO, explained that there is homework be done to adapt the GCCA's Net Zero Road Map launched in 2021 to the local regions to reach net zero for carbon emissions. This means delivering on understanding the numbers for carbon, the individual drivers i... |