InterCement signs exclusivity agreement with CSN
Following its market announcement of 23 February 2024, InterCement Participações SA announced that in the context of the competitive process, organised by Banco BTG Pactual, it ...
South America
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CBB posts 132% surge in 1Q income
Chile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA r...
Votorantim Cimentos opens new waste treatment unit in Itaperuçu
Brazil-based Votorantim Cimentos inaugurated its first Brazilian unit dedicated to the operations of Verdera, its sustainable waste management and disposal arms and Viter, an ag...
Funding boost for Peruvian construction sector
International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance group ...
Cemento Polpaico reports CLP4722.8m loss in 2023
Chile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 p...
Votorantim Cimentos announces a 123% increase in net profit in 2023
Votorantim Cimentos has reported a 123 per cent growth in net profit in 2023 to BRL2.6bn (US$522.7m), from BRL1.2bn in 2022. The company’s consolidated global net revenue was BR...
Peru's cement market contracts 2% in February
Peruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement association...
CEMEX to use solar power for Caracolito plant
CEMEX Colombia will source 42,865MWh of electricity per year for its Caracolita plant in Colima from Celsia's new 19.9MWac solar farm in Ibague upon commissioning of the new sol...
Cement sales in Brazil up 4% in February
The Brazilian cement market expanded by 4.2 per cent YoY to 4.615Mt in February 2024 from 4.429Mt in February 2023, reports the country’s cement association, SNIC. Looking at sa...
Unacem reports 7% revenue increase in 2023
Peru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector...