Cement News tagged under: Votorantim
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... |
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... |
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. |
Sinoma Overseas to build Votorantim Z02 grinding plant17 September 2024, Published under Cement NewsSinoma Overseas has secured an engineering and supply contract for the Z02 cement grinding station project in Edealina Brazil, along with a technical cooperation framework agreement, with Votorantim Cimentos SA . The contract scope includes the design, equipment supply, and technical services for the 150tph cement grinding expansion project costing BRL200m (US$36.47m). The Z02 project will double cement capacity at the Edealina grinding plant to 2Mta and will be completed in the 2H25. ... |
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)... |
Nasequip Systems supplies gas cooling system for Cementos Cosmos28 February 2024, Published under Cement NewsNasequip Systems Pvt Ltd has commissioned a dual-fluid gas cooling system for Cementos Cosmos ( Votorantim Group ) Toral De Los Vados cement plant, Spain. Turkish partner Dal Engineering assisted with this project. The preheater tower measures 4.3m diameter x 50m high. The project's significance lies in its substantial impact on enhancing the operational efficiency and productivity of the plant. The feasibility study, calculations, engineering, design, manufacturing, testing, automa... |
Votorantim Cimentos earns CDP recognition for sustainability transparency07 February 2024, Published under Cement NewsVotorantim Cimentos was recognised for its leadership in corporate transparency and climate change performance by CDP. Based on data reported through the CDP Climate Change 2023 Questionnaire, Votorantim Cimentos earned an A score, placing the company among a small number of organisations that are ranked at the top of the list and exemplify best practices in the market. “Earning the highest score from CDP is something we are very proud of. We work daily to achieve our goals in line with... |
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 ... |
Cosmos Cement expects more sustainable cement but no change in production output08 January 2024, Published under Cement NewsThe Cosmos Cement Co ( Votorantim Cementos ) in Toral de los Vados expects its pending data production for 2023, to be in line with the previous year when almost 500,000t of clinker and 600,000t of cement were reached. Cosmos Cement has targeted more sustainable production. Director of the factory, Jaime Santoalla, said the use of raw materials such as ashes or thermal gypsum has prevented the arrival of 50,000t of rubbish to landfills in addition to avoiding, with the use of alternativ... |