Cement News tagged under: Brazil
Brazil’s CADE fines six cement companies US$1.4bn for price-fixing29 May 2014, Published under Cement NewsBrazil’s antimonopoly authority CAD has fined six cement companies a total fine of BRL3.1bn (US$1.4bn) for fixing market prices. Votorantim Cimentos SA , Camargo Correa-owned Intercement Brasil, ITAB Agro Industrial SA and Cia Cements Itambé SA, Holcim and Cimpor agreed to fix prices to eliminate market competitors, said CADE in a10-hour hearing. Votorantim has been ordered to pay BRL1.5bn, Holcim BRL508m, Itabira BRL411m, Cimpor BRL297m and Intercement Brasil BRL241m. CADE has also ... |
Currency movements depress Cimpor profits22 May 2014, Published under Cement NewsCimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR 89.8m. The net financial jumped from EUR28.9m to EUR 92.9m to give a pre-tax loss of EUR3.1m, compared with a profit o... |
6th Brazilian Cement Congress underway20 May 2014, Published under Cement NewsThe long-awaited 6th Brazilian Cement Conference (CBC) officially opened its doors on Monday, 19 May 2014 to over 300 industry professionals in the vibrant city of Sao Paulo, Brazil. Welcoming senior industry specialists from the domestic cement sector and beyond, Renato Jose Giusti of the Associação Brasiliera De Cimento Portland (ABCP), expressed the importance of the cement industry in Brazil, claiming it to be the second most consumed product of the country, second only to water! Jose... |
Brazilian monthly cement sales rise 4.9% YoY19 May 2014, Published under Cement NewsBrazilian cement sales in April 2014 climbed by 4.9 per cent YoY to 5.9Mt, preliminary data and market estimates gathered by Sindicato Nacional da Industria do Cimento (SNIC) reveal. During January - April 2014, sales totalled 22.8Mt, a 3.3 per cent rise compared to the first four months of last year. Accumulated cement sales for the 12 months between May 2013 - April 2014 reached 70.7Mt, expanding by three per cent compared to the same period of the previous year (May 2012 - April 2013). |
Brazil: Schade provides raw material handling solution for Ciplan08 May 2014, Published under Cement NewsSchade has carried out an order for the Brazilian cement producer Ciplan Cimento Planalto S/A at its 1.6Mta Sobradinho plant which is due to start up later this year. Schade supplied a circular column equipped spreader with a flow rate of 1800tph (max 2000tph) and a 23m beam as well as a belt width of 1400mm. In addition, the scope of delivery includes a Schade bridge scraper equipped with a harrow covering the entire area of the stockpile’s profile. The bridge scraper can be operated with a... |
Brazil’s first quarter sales rise 6.4% YoY18 April 2014, Published under Cement NewsBrazil’s first quarter sales rose 6.4 per cent YoY to 17.1Mt, preliminary data from SNIC shows. Sales in March reached 5.6Mt, representing YoY growth of 1.9 per cent compared to the same month of 2013. Cumulative sales for the last 12 moths (April 2013 – March 2014) rose by 4.3 per cent against the comparative period of the previous year (April 12 – March 2013). |
Moody's assigns a Baa3 rating to Votorantim Cimentos proposed notes due 2021; outlook stable17 April 2014, Published under Cement NewsMoody's Investors Service has assigned a Baa3 rating to the proposed up to EUR750m seven-year senior unsecured notes to be issued by Votorantim Cimentos SA. The outlook for the ratings is stable. “Votorantim Cimentos' Baa3 ratings reflect primarily the company's leading position in the Brazilian cement market, strong credit metrics, adequate liquidity, as well as its large scale and integrated operations, that translates in leading market share and above-average EBITDA margins when compare... |
Brazil: Votorantim Cimentos plans bond buyback10 April 2014, Published under Cement NewsVotorantim Cimentos yesterday unveiled plans to buy back up to US$1.03bn in overseas bonds due 2017, according to a banker close to the transaction. The bonds carried an annual coupon of 5.25 per cent and a yield of 5.32 per cent. The offer will expire 16 April. At the same time, Votorantim Cimentos hired a group of banks to coordinate a road show to promote a new debt sale, another person close to the talks said, making it the latest firm seeking to cash in on renewed appetite for emerg... |
Preview: CBC 6th Brazilian Cement Congress, São Paulo, May 201404 April 2014, Published under Cement NewsThe Associação Brasileira de Cimento Portland (ABCP) and Sindicato Nacional Da Indústria Do Cimento (SNIC) will host the 6th Congresso Brasileiro Do Cimento , 19-21 May 2014, in São Paulo, Brazil. CBC will engage participants on the themes of competitiveness, emissions, environmental controls, cement standardisation and quality Approximately 350 industry professionals, university researchers and representatives of Latin American cement groups will participate in the event. ... |
Lafarge Brasil inaugurates Rio de Janeiro plant25 March 2014, Published under Cement NewsLafarge has inaugurated a new cement plant in Santa Cruz, in the western zone of Rio de Janeiro, Brazil. In its first year of operation the plant will produce some 500,000t of cement and will reach full capacity of 750,000tpa by 2015. The plant covers an area of more than 57,000m2, and is located on the edge of Avenida Brasil to facilitate logistical operations. It will work in line with Lafarge’s existing cement plant in Cantagalo, with which it will share raw materials. Two types of cemen... |