Cement News tagged under: Brazil
Votorantim Cimentos improves 1Q margins15 May 2024, Published under Cement NewsVotorantim Cimentos ended the 1Q24 with better margins due to higher sales volume and lower costs. The company’s global cement sales totalled 8.1Mt, up one per cent YoY compared to 1Q23. The company posted global net revenue of BRL5.5bn (US$1.072bn) in the 1Q24, down four per cent in local currency (excluding the effect of exchange rate variation) compared to the same period last year. This resulted primarily from lower volume in North America, which was partially offset by positive res... |
InterCement reaches debenture holder agreement13 May 2024, Published under Cement NewsInterCement Participaçoes SA has reached an agreement with its debentures holders to defer payments due under the series of Brazilian law-governed debentures issued by the company and issued by InterCement Brasil (ICB), which allow the company and ICB to preserve liquidity while negotiating a comprehensive finance plan. |
InterCement signs exclusivity agreement with CSN03 May 2024, Published under Cement NewsFollowing 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 has carried an agreement on 1 May 2024 to provide for exclusivity until 12 July 2024 to Companhia Siderúrgica Nacional (CSN) in terms of the potential acquisition of a 100 per cent stake in InterCement's stock. However, no document has been signed that generates any binding obligation or commitment on the part of... |
Votorantim Cimentos opens new waste treatment unit in Itaperuçu12 April 2024, Published under Cement NewsBrazil-based Votorantim Cimentos inaugurated its first Brazilian unit dedicated to the operations of Verdera, its sustainable waste management and disposal arms and Viter, an agricultural inputs business, in Itaperuçu. The waste treated at the Itaperuçu will be used at Votorantim Cimentos' Rio Branco do Sul plant. The BRL145m (US$28.6m) investment will house a new Verdera waste crushing plant an a new agricultural limestone production line. Verdera's new shredding plant has the capacit... |
Votorantim prices St Marys Cement Inc debt security notes for environmental performance03 April 2024, Published under Cement NewsVotorantim Cimentos SA has informed the general market that it has priced an offering in the international market of debt securities issued by its subsidiary St Marys Cement Inc , Canada of US$500m with 5.896 per cent yield per annum and 5.75 per cent coupon per annum. The yield will be payable semi-annually on the second day of April and October of each year, starting from 2 October 2024, and maturing on 2 April 2034. The Notes will have an environmental performance indicator (KPI)... |
Buzzi SpA's 2023 regional results see cement sales climb in Italy03 April 2024, Published under Cement NewsBuzzi SpA reported domestic hydraulic binders and clinker sales in Italy up 2.1 per cent in 2023, while the ready-mix concrete output slightly declined 1.4 per cent. The average prices of cement and concrete confirmed their improvement compared to the previous period. Such trend in volumes and prices led to net sales of EUR818.3m, up 12.7 per cent (EUR726.2m in 2022). Ebitda achieved EUR175.2m, more than doubled compared to EUR82m of last year. USA US cement sales closed the year sli... |
Votorantim Cimentos announces a 123% increase in net profit in 202322 March 2024, Published under Cement NewsVotorantim 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 BRL27.7bn, increasing three per cent YoY from BRL30bn in 2022. This growth in revenue was due to advantageous market dynamics in North America, Europe, Asia and Africa. In Brazil, where the company is based, total sales amounted to 37Mta, increasing marginally from 2022. Global CEO of Votorantim Cimentos, Osvaldo A... |
Cement sales in Brazil up 4% in February13 March 2024, Published under Cement NewsThe 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 sales per working day – the number of days worked has a strong influence on cement consumption – sales slipped 0.9 per cent YoY in February to 0.22Mt from 0.222Mt a year earlier. The key drivers to the uptick in sales include more favourable prospects in the labour market, with an increase in the wage bill and exp... |
A more concise InterCement Participaçoes01 March 2024, Published under Cement NewsThe last year has seen InterCement Participacoes (Mover) work hard to divest parts of its cement business to lower its debt. It is now being courted by several leading cement producers that are looking to make bids for further of the company's assets, making it likely that more divestments will be agreed before May and July, when the Brazilian company's latest set of debts are set to mature. Last week's statement from InterCement about having "received a series of inquiries and expressions ... |
Companies circle for InterCement's assets26 February 2024, Published under Cement NewsCompanhia Siderúrgica Nacional (CSN) and a consortium led by Votorantim Cimentos , including Polimix and Buzzi, have made binding proposals for the purchase of the assets in Brazil of Loma Negra 's parent company InterCement Participações (InterCement), according to a local source. InterCement has commented that it has received a series of inquiries and expressions of interest in its assets during recent months. BTG Pactual Bank is assisting in evaluating strategic alternatives, such... |