CEMEX acquires mortar plant in Spain
CEMEX has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions. The new plant is equipped with the late...
South America
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Cement sales in Chile fall 10% in March
Chile’s cement market contracted by 10.3 per cent YoY to 328,003t in March 2023 from 365,8926t in March 2022, according to the country’s construction chamber, CChC. In the Jan...
Brazilian market sees 11% contraction in April
Cement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the mar...
Empresa Colombiana de Cementos appoints new MD
Empresa Colombiana de Cementos and its Alión brand have named Martha Patricia Quintero Valderrama as the company’s new managing director. She succeeds Juan Martínez Gilsanz,...
Votorantim Cimentos revenue jumps 18% in 1Q23
Votorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 ...
Loma Negra 1Q net profit sees 19% drop
Loma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of c...
Cementos Pacasmayo 1Q net profit down by 5%
Revenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the cou...
Argentina’s market contracts 1% in April
Cement sales in Argentina fell by one per cent to 1,028,656t in April 2023 from 1,039,320t in April 2022, according to the country’s cement association, AFCP. All cement was su...
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member
Osvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of...
Cemex sales up 9% YoY in 1Q23
Cemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, drive...