Cement News tagged under: Brazil
InterCement Participacoes SA and Mover Participacoes SA sign addendum with CSN20 November 2024, Published under Cement NewsInterCement Participações SA and Mover Participações S A have signed an addendum to the agreement disclosed on 18 September 2024, providing for the exclusivity of Companhia Siderúrgica Nacional (CSN) in relation to the potential acquisition of shares representing 100 per cent of the company's share capital, until 16 December 2024. The competitive process is being organised by Banco BTG Pactual, as well as InterCement Participações SA's out-of- court reorganisation plan. The add... |
Votorantim records strong domestic performance in 3Q2414 November 2024, Published under Cement NewsVotorantim Group ’s regional performance in the 3Q24 was headed by its domestic sales in Brazil. V otorantim Cimentos’ net revenue in Brazil was BRL3.5bn in 3Q24, on par with the same period last year. Adjusted EBITDA in the quarter was BRL848m, up five per cent compared to 3Q23, due to lower variable costs and higher sales volume, resulting in margin growth in the quarter. The National Cement Industry Union (SNIC) revised its 2024 year-end growth expectation for the sector to 2.8 per cent... |
Votorantim Cimentos posts BRL1bn net profit in 3Q2413 November 2024, Published under Cement NewsVotorantim Cimentos reports it completed its 3Q24 results with a net profit of BRL1bn (US$17.3m), a 24 per cent increase compared to BRL824m in the same period last year, primarily due to better operating results. The company’s global net revenue in the quarter totalled BRL7.6bn, on par with 3Q23, excluding foreign exchange rate variations. This result was primarily due to positive performance in countries in Europe and Asia, and stability in Brazil, which offset the results in North A... |
Buzzi reports 6.4% decline in cement sales for 9M2407 November 2024, Published under Cement NewsBuzzi SpA has announced that cement and clinker sales of the group, in the first nine months of 2024, declined to 18.8Mt (2023: 20.1Mt), a drop of 6.4 per cent. Ready-mix concrete output also contracted by 7.6 per cent, reaching 7.2Mm 3 (2023: 7.7Mm 3 ). Consolidated net sales were equal to EUR3184.3m down 3.6 per cent compared to EUR3302.5m in 2023. The foreign exchange effect had a negative impact of EUR31.7 m and changes to the consolidation scope, related to the sale of concrete opera... |
ARMs drive decarbonisation06 November 2024, Published under Cement NewsAs part of its decarbonisation drive, Votorantim Cimentos has several initiatives in place. Key strategies include the use of cementitious materials and co-processing of alternative raw materials (ARMs). Álvaro Lorenz, the company’s global director of sustainability, institutional relations, product development and engineering, explains their importance. By Álvaro Lorenz, Votorantim Cimentos, Brazil In April of this year, Votorantim Cimentos’ business unit Verdera opened a new wast... |
Sinoma Overseas Brazil Co joins Rede Transformar initiative16 October 2024, Published under Cement NewsSinoma Overseas Brazil Co is the newest member of Rede Transformar, joining 15 other companies that are currently participating in the initiative called Rede Transformar. By becoming a supporting company of Rede Transformar, Sinoma Overseas Brazil Cobecomes part of a movement of partners generating positive social impact in society and promoting sustainable development in communities across Brazil. The Rede Transformar is an initiative by Votorantim Cimentos that brings together partners ... |
PMI Montagens Industries win gas circuit order at Votorantim plant07 October 2024, Published under Cement NewsPMI Montagens Industries will start the electromechanical Assembly project for the modernisation of the gas circuit (3V) of the R3 Mill at Votorantim Cimentos’ Itáú de Minas plant, Minas Gerais, Brazil. This project represents not only an important step towards innovation and efficiency, but also a renewal of the trust that Votorantim places in PMI Montagens Industries. The Itau plant has a cement capacity of 2.24Mta. |
Buzzi SpA acquires 100% control of Cimento Nacional04 October 2024, Published under Cement NewsThe acquisition of Cimento Nacional in Brazil has been completed. Buzzi SpA has completed the acquisition from Grupo Ricardo Brennand of a 50 per cent stake in Cimento Nacional (NCPAR) , the equal joint venture through which Buzzi has been operating in Brazil since 2018. As a result of this acquisition, Buzzi now holds 100 per cent control of NCPAR. NCPAR owns five fully integrated cement plants and two grinding centers, with a total production capacity of about 7.2Mta. The price pa... |
CSN looks to buy InterCement's Loma Negra19 September 2024, Published under Cement NewsInterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding. The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was no renewal and negotiations were left open to the possibility of an interested third party. However,... |
InterCement Participações SA files restructuring plan to Brazilian courts18 September 2024, Published under Cement NewsInterCement Participações SA (InterCement) has submitted a restructuring plan together with its subsidiaries, InterCement Brasil SA, InterCement Financial Operations BV, IntercCement Trading e Inversiones SA and InterCement Trading e Inversiones Argentina (collectively recuperação extrajudicial (EJ) debtors) to the Brazilian courts. The plan has been approved by the creditors representing more than a third of the indebtedness subject to the EJ in accordance with Brazilian law. The plan ... |