Cement News tagged under: InterCement Participacoes
The battle begins for the control of Mozambique's cement market27 September 2024, Published under Cement NewsMozambique is in the midst of a cement capacity rise. The country's oldest cement producer, Cimentos de Mocambique is looking to consolidate its lead by expanding its Dondo and Nacala plants. These projects will soon be commissioned. However, there is a new Chinese player on the scene that may have ambitions of taking the number one spot. According to the Mozambique Competition Regulatory Authority (ARC), the domestic scene currently involves 16 cement producers, but there are only five pla... |
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... |
InterCement sees light at the end of the tunnel24 December 2021, Published under Cement NewsFollowing InterCement Participações’s financial and management adjustment measures of the last two years, the cement producer is set to return to the markets in a leaner, healthier way. Between 2015-2018 the company, like other industry players, was hit in Brazil by falling cement demand and weighed down by high debts. “Many difficult decisions were made, but they made a lot of sense for the company,” Flávio Mendes Aidar, CEO of InterCement Participações, told Brazil-based business newsp... |
InterCement appoint new chairman13 August 2020, Published under Cement NewsInterCement Participações SA reports that Franklin Feder has resigned from the Board of Directors of InterCement after nearly three years and Wilson Nelio Brumer becomes the new chairman of the Board of Directors. Mr Brumer has worked as CEO at Vale, Acesita and Usiminas and brings experience form being on the Board of Directors at BHP Billiton, Cemig, CCR, Direcional Engenharia, Embraer, Localiza, Metso and Fundação Renova. |
Fitch downgrades InterCement due to weak Argentine outlook01 January 2020, Published under Cement NewsFitch Ratings had downgraded InterCement Participacoes SA's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'B'. The rating outlook is stable. The downgrade is due to negative GDP growth expectations in Argentina during 2020 and a continued decline in the purchasing power of the company's clients in this market due to high inflation and the deterioration of the Argentine peso. These factors will weaken demand for cement in this market and are factored into the downg... |
InterCement considers listing European and African operations31 January 2018, Published under Cement NewsBrazil-based InterCement Participações SA is considering listing its European and African operations to raise cash and reduce debt, Reuters reported. The company is expected to include in the listing Cimpor Cimentos de Portugal SA and mills in Cape Verde, Mozambique and South Africa, according to sources close to the matter. The transaction has been discussed with investment banks, but InterCement has not appointed financial advisors as yet. The company's controlling shareholder, ... |
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