Cement News tagged under: SNIC
Brazil’s better tomorrow15 July 2024, Published under Cement NewsAfter a challenging few years, the outlook for the Brazilian cement industry is improving with renewed public investment in infrastructure and housing expected to generate moderate growth of cement demand. Private investment in housing is also forecast to support cement consumption in 2024. By SNIC, Brazil. As Brazil’s economy shows signs of picking up, the country resumes building a more prosperous future (© Raphael Paulino Goncalves) T he Brazilian economy grew by 2.9 p... |
Brazilian cement market expands 2% in June11 July 2024, Published under Cement NewsCement sales in Brazil increased by 2.4 per cent to 5.372Mt in June 2024 from 5.248Mt in June 2023, according to the country's cement association, SNIC. Per working day, cement dispatches were up 4.6 per cent YoY to 238,800t. The increase follows a first semester affected by high interest rates and family debt as well as extreme weather events, including drought in the central-west and northern regions and intense rains in the south of Brazil. Construction confidence remained stable in Ju... |
Heavy rains and floods impact Brazil's cement demand in May14 June 2024, Published under Cement NewsAdverse weather conditions and flooding in Rio Grande do Sul have impacted Brazil's cement dispatches in May 2024, reports the country's cement association, SNIC. Domestic sales were down 5.3 per cent YoY to 5.269Mt in May 2024 when compared with 5.562Mt in May 2023. Southern Brazil saw a 16.3 per cent YoY drop in sales to 0.816Mt in May 2024 from 0.975Mt, while in the southeast sales were down 6.6 per cent YoY to 2.477Mt from 2.651Mt in May 2023. In addition, in the central-western region... |
Brazil's cement market expands 12% in April30 May 2024, Published under Cement NewsCement dispatches in Brazil increased 12.3 per cent YoY to 5.142Mt in April 2024 from 4.577Mt in April 2023. Dispatches advanced 5.7 per cent MoM from 4.865Mt in March 2024, when sales fell by 10.4 per cent YoY, according to the country's cement association, SNIC. While the country's unemployment rate has fallen and wages have increased, cement consumption continues to be affected by high default rates and household debt. In addition, the interest rate persists to be high. "Given this sc... |
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... |
Brazilian cement sales start 2024 with a 2% drop09 February 2024, Published under Cement NewsCement sales in the Brazilian market saw 2.1 per cent YoY drop to 4.766Mt in January 2024 when compared with 4.868Mt in January 2023, according to SNIC, the country's cement association. Exports were down 65.2 per cent YoY to 8000t from 23,000t in January 2023. The drop in domestic sales suggests that weak performance in 2023 is expected to persist in 2024. High interest rates and debt have impacted household spending, alongside a drop in income and purchasing power. The construction mark... |
Votorantim Cimentos to invest BRL5bn until 202826 January 2024, Published under Cement NewsVotorantim Cimentos announced BRL5bn (US$1bn) in investments, which BRL1.5bn (US$300m) are already in place, to expand the company's cement capacity by 10 per cent in the next five years (3Mta). At BRL1666m/t (US$333m/t), the investment is expected to increase the yearly EBITDA by BRL1.3bn (US$260m) - 26 per cent of Votorantim's 2022 EBITDA, as stated by the news. According to Osvaldo Ayres Filho, global CEO, the investment will also increase the company's competitiveness, reduce mining ... |
Brazilian cement market sees contraction in 202211 January 2024, Published under Cement NewsIn December 2023 cement sales in Brazil edged up by 0.8 per cent YoY to 4.497Mt from 4.463Mt in December 2022, according to the Brazilian cement association, SNIC. Growth was led by the largest market, the southeast, where deliveries by 6.4 per cent YoY to 2.037Mt. Market expansion was also seen in the north, the country’s smaller market, where cement demand picked up by 3.4 per cent YoY to 246,000t in December 2023. However, in the northeast sales declined by 2.8 per cent YoY to 983,000t ... |
Brazilian cement sales slip 1% in November19 December 2023, Published under Cement NewsCement sales in Brazil slipped 1.3 per cent to 5.25Mt in November 2023 from 5.318Mt in November 2022, according to the Brazilian cement association, SNIC. The southeast, the country’s largest market, saw sales fall by 1.1 per cent to 2.417Mt in November 2023 when compared with the year-ago period, when sales reached 2.443Mt. However, in the northeast deliveries were up 3.2 per cent YoY to 1.102Mt in November 2023 from 1.102Mt in November 2022. The south reported an 8.4 per cent drop to 0.8... |
Brazil's cement market contracts 2% in October13 November 2023, Published under Cement NewsCement sales in Brazil declined by 2.1 per cent to 5.257Mt in October 2023 when compared with October 2022, when sales reached 5.368Mt, according to the Brazilian cement association, SNIC. The southeast, the largest market, saw sales contract by 2.9 per cent YoY to 2.382Mt in October 2023 from 2.453Mt in the year-ago period while in the northeast sales slipped by 0.9 per cent YoY to 1.092Mt from 1.102Mt. Sales in the south fell by 3.7 per cent YoY to 0.851Mt in October 2023 from 0.88Mt. Th... |