Cement News tagged under: Votorantim
Votorantim faces civil action from Federal Prosecutors’ Office29 October 2021, Published under Cement NewsVotorantim Cimentos SA, has stated that it became aware, through the media, of a public civil action filed by the Federal Prosecutors’ Office of São Paulo (MPF-SP) related to the decision issued by the Brazilian Administrative Council for Economic Defense (CADE) for alleged anticompetitive practices in the scope of the administrative proceeding that was closed in October 2015. In this public civil action, MPF-SP would require the conviction of entities and cement companies, includin... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |
Votorantim: introducing higher cement production with lower CO2 emissions23 July 2021, Published under Cement NewsThis week, Brazil has been the country for a lot of developments in the cement industry. In particular, Votorantim announced it had completed its new production line in Pecem, Brazil, which also highlighted the cement sector's need to make its cement production more efficient and sustainable with lower emissions. The industry still has the larger topic of carbon pricing hanging over it and the introduction of new cement capacity will highlight the issue of some of the older plants that are n... |
Votorantim Cimentos starts operating new Pecém line21 July 2021, Published under Cement NewsVotorantim Cimentos has announced the start of operation of a new production line at its cement site in the Pecém Industrial and Port Complex, in the state of Ceará, Brazil. As a result of this expansion, the unit now has a production capacity of approximately 1Mta of cement. The volume produced in the new site will enhance the supply of the metropolitan area of Fortaleza. Votorantim Cimentos invested approximately BRL200m (US$38.26m) in the project. During construction and start of opera... |
Votorantim Cimentos commences McInnis Cement integration04 May 2021, Published under Cement NewsVotorantim Cimentos, the seventh largest cement producer in the world, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced that they have completed the transaction to combine cement operations in North America. After having obtained regulatory approval from authorities in Brazil, Canada and the United States, St Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos can now commence with the integration process... |
Votorantim ends 2020 with net revenue of BRL16.7bn09 April 2021, Published under Cement NewsVotorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with ... |
Votorantim's regional results rise in 202009 April 2021, Published under Cement NewsAccording to the National Cement Association (SNIC) cement sales in Brazil grew 11 per cent YoY in 2020, which also boosted the recovery of prices in the local market. The growth was driven by changes in consumption patterns in the country during the pandemic that led to an increase in civil construction, by the emergency aid granted by the federal government, and by low interest rates, which also resulted in the recovery of the real estate market. Votorantim Cimentos’ net revenue... |
Votorantim and McInnis to combine Canadian operations11 December 2020, Published under Cement NewsSt Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the USA. The joint venture will be owned by Votorantim Cimentos International (VCI), the international investments platform and wholly-owned subsidiary of Votorantim Cimentos SA, the sixth-largest cement producer in the world, and Caisse de dépôt et placement du... |
Votorantim Cimentos reports 3Q20 EBITDA of BRL1.5bn13 November 2020, Published under Cement NewsVotorantim Cimentos recorded global net revenue of BRL5.2bn (US$961.2m) in the 3Q20, a 37 per cent increase compared to 3Q19. The growth was due to the positive impact of a 15 per cent increase in sales, resulting from a recovery in demand in all regions. In addition to positive market dynamics and the appreciation of the dollar against the real. Consolidated adjusted EBITDA in the quarter was BRL1.5bn, an increase of 94 per cent in comparison with the 3Q19, with an EBITDA margin o... |
Votorantim Cimentos sets CO2 emissions goal at 520kg/t cement by 203013 November 2020, Published under Cement NewsVotorantim Cimentos has announced its 2030 sustainability commitments. The objective is to align the company’s worldwide operations to current and future needs of society, thereby creating a positive impact on the entire value chain and in the communities where the company operates. The commitments are divided into seven pillars: ethics and integrity; health, safety and well-being; diversity and inclusion; innovation; environmental footprint; circular economy; and shared value. Votoran... |