CEMEX grows sales by 10% in 2Q23
CEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 ...
Latin America
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InterCement assets in Brazil and Argentina are on other players' radar
According to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos ...
Argos to allocate US$130m for investments to combat climate change
Between 2022 and 2030 Argos has committed to allocate about US$130m in long-term assets (capex) for structuring and implementing initiatives associated with climate change mitig...
Cementos Inka opens Pisco plant
Cementos Inka has opened its second plant in Pisco , Peru. The plant strengthens the company’s position to compete in the central and southern part of the country. Christian Pfe...
InterCement Participacoes defers debenture playments
InterCement Participações SA (ICP) has reached an agreement with its debenture holders regarding the deferral of payments under the series of Brazilian law-governed debentures i...
Votorantim Cimentos SA applies for IFC loan for Salto project
Votorantim 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 ...
Argos reports record 1Q23 operating EBITDA
Argos 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 consolidat...
Brazil bets on housing to revive the market
The 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 foll...
Votorantim Cimentos reports decarbonisation progress
Votorantim 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 reductio...
Holcim Argentina acquires 51% stake in Quitam SA
Holcim 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 foc...