Cement News tagged under: Votorantim Cimentos
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member09 May 2023, Published under Cement NewsOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Directors. Mr Castelli has worked for 26 years at Votorantim SA and became CEO of Votorantim Cimentos in February 2019. Under his leadership, Votorantim Cimentos grew and innovated, made important investments in Brazil, expanded internationally, advanced its go-to-market strategy, strengthened its adjac... |
Votorantim Cimentos reports decarbonisation progress04 April 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with positive results in its decarbonisation journey. Globally, the company emitted 579kg of CO 2 /t of cement produced, a three per cent reduction compared to 2021. Between 1990 and 2022, Votorantim Cimentos reduced its CO 2 emissions per tonne of cement produced by 24 per cent. In 2022 Votorantim Cimentos’ thermal substitution rate through co-processing was 26.5 per cent, reflecting the increased use of alternative fuels (mainly waste and biomass) to r... |
Votorantim records strong Brazilian revenue in 2022 regional results17 March 2023, Published under Cement NewsIn Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an... |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
The eye of the kiln28 February 2023, Published under Cement NewsThermographic vision has improved the accuracy of kiln monitoring systems and enabled cement plants to spot potential issues early. At Votorantim Cimentos’ plant in Malaga, Spain, VisionTIR installed an RKS300 system to help the facility improve its refractory identification and reduce energy costs. By VisionTIR, Spain. The accuracy of kiln monitoring has significantly improved through the use of thermographic vision-based systems The temperature in the kiln is a key factor in c... |
Votorantim Cimentos: decarbonisation through SCMs07 February 2023, Published under Cement NewsThe use of supplementary cementitious materials (SCMs) in blended cements produced by Votorantim Cimentos has enabled the company to advance its decarbonisation journey. Blended cement from its Laranjeiras works in Brazil has proven to be the preferred choice for infrastructure projects due to the enhanced durability of concrete. By Silvia Vieira, Votorantim Cimentos, Brazil. Figure 1: contributions from different decarbonisation strategies in achieving the cement and concrete sect... |
Votorantim Cimentos announces stricter emissions target02 December 2022, Published under Cement NewsVotorantim Cimentos has revised its decarbonisation target to 475kg of CO 2 per tonne of cement by 2030. The company’s new global target is 8.7 per cent lower than the target of 520kg of CO 2 per tonne of cement previously announced as part of its 2030 Sustainability Commitments. The new Scope 1 target, which refers to CO 2 emissions generated directly by company operations, was approved by the SBTi (Science Based Target initiative) and represents a reduction of 24.8 per cent compar... |
Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q2211 November 2022, Published under Cement NewsVotorantim Cimentos ended the 3Q22 with consolidated net revenue of BRL7.6bn (US$1.25bn), an increase of 19 per cent compared to the same period last year. Consolidated adjusted EBITDA in 3Q22 was BRL1.7bn, up six per cent from 3Q21 and 29 per cent higher than 2Q22. The consolidated EBITDA margin was 23 per cent, an increase of three percentage points compared to 2Q22. The company’s global cement sales totalled 10.2Mt in the third quarter of this year, with a slight drop of one per ... |
Votorantim Cimentos completes acquisition of Heidelberg Materials assets in Spain03 November 2022, Published under Cement NewsVotorantim Cimentos announced that has completed the acquisition of all the businesses of Heidelberg Materials in the south of Spain, which includes a modern integrated cement plant located in Málaga , three aggregates quarries and 11 ready-mix plants in Andalusia region. In the last two years, Votorantim Cimentos has strengthened its presence in the Spanish cement market with the acquisition of the integrated cement plant of Cementos Balboa in Extremadura and now with the Malaga p... |