Cement News tagged under: latin america
Buzzi reports 6.4% decline in cement sales for 9M2407 November 2024, Published under Cement NewsBuzzi SpA has announced that cement and clinker sales of the group, in the first nine months of 2024, declined to 18.8Mt (2023: 20.1Mt), a drop of 6.4 per cent. Ready-mix concrete output also contracted by 7.6 per cent, reaching 7.2Mm 3 (2023: 7.7Mm 3 ). Consolidated net sales were equal to EUR3184.3m down 3.6 per cent compared to EUR3302.5m in 2023. The foreign exchange effect had a negative impact of EUR31.7 m and changes to the consolidation scope, related to the sale of concrete opera... |
Cemex reports 3Q24 net sales of US$4bn29 October 2024, Published under Cement NewsCemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the quarter. Consolidated net income grew more than 200 per cent compared to the prior year. Cemex’s pricing strategy continued to be supportive in a lower volume environment, with prices for its products rising low-single digits. During the quarter, Cemex announced divestments of US$1.4bn, bringing YtD announced divesti... |
Sinoma Overseas Brazil Co joins Rede Transformar initiative16 October 2024, Published under Cement NewsSinoma Overseas Brazil Co is the newest member of Rede Transformar, joining 15 other companies that are currently participating in the initiative called Rede Transformar. By becoming a supporting company of Rede Transformar, Sinoma Overseas Brazil Cobecomes part of a movement of partners generating positive social impact in society and promoting sustainable development in communities across Brazil. The Rede Transformar is an initiative by Votorantim Cimentos that brings together partners ... |
InterCement Participações SA files restructuring plan to Brazilian courts18 September 2024, Published under Cement NewsInterCement Participações SA (InterCement) has submitted a restructuring plan together with its subsidiaries, InterCement Brasil SA, InterCement Financial Operations BV, IntercCement Trading e Inversiones SA and InterCement Trading e Inversiones Argentina (collectively recuperação extrajudicial (EJ) debtors) to the Brazilian courts. The plan has been approved by the creditors representing more than a third of the indebtedness subject to the EJ in accordance with Brazilian law. The plan ... |
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$36.47m). The Z02 project will double cement capacity at the Edealina grinding plant to 2Mta and will be completed in the 2H25. ... |
Mizu Cementos partners energy company in hydrogen pilot project30 August 2024, Published under Cement NewsMizu Cimentos is partnering Brazilian energy company CPFL Energia to establish a green hydrogen pilot project in the state of Rio Grande do Norte, Brazil. CPFL Group has an ESG commitment to invest BRL44m (US$ 7.9m) in sustainable projects. This hydrogen pilot project with Mizu Cimentos, a subsidiary of Organização Polimix, will form part of its part of its green programme. CPFL said that the pilot facility will go through a six-month monitoring period to measure the real impact of gre... |
Grupo Argos reports weak results for 2Q2415 August 2024, Published under Cement NewsGrupo Argos, the Colombia-based conglomerate which owns Cementos Argos , has reported a 40 per cent drop in its 2Q24 income, falling to COP189bn (US$47m) from COP315bn in the 2Q23. In a recent presentation, Argos attributed this drop in income to a 90 per cent fall in proceeds from concessions and a nearly 25 per cent decline in income from its cement business. The group’s revenues for the period April-June fell 17 per cent to COP3.7trn. The group’s EBITDA decreased by 13 per c... |
Votorantim shows strong regional performance in Europe, Asia and Africa15 August 2024, Published under Cement NewsVotorantim Cimentos reports positive results in the 2Q24 for its operations particularly in Europe, Asia and Africa but also in North America. In Brazil Votorantim Cimentos’ net revenue in the 2Q24 was BRL3.2bn (US$583.1m), flat compared to the same period in 2023. Adjusted EBITDA reached BRL566m in 2Q24, stable compared to the 2Q23, due to a positive trend in new businesses and an improvement in variable costs. In North America net revenue reached BRL2.2bn in the 2Q24, a decrease of ... |
Votorantim Cimentos reports net revenue of BRL7bn in the 2Q2414 August 2024, Published under Cement NewsVotorantim Cimentos ended the 2Q24 with a higher net revenue from increased volumes, supported by geographic and product diversification. The company recorded global net revenue of BRL7bn (US$1.27bn) in the 2Q24, a one per cent increase compared to the same period last year, excluding the effect of exchange rate variation. This result is mainly due to the positive performance of operations in Europe, Asia, Africa and Brazil. In the 2Q24 the company’s global cement sales totalled 9.6Mt, a t... |
InterCement Participacoes SA files for Preliminary Injunction17 July 2024, Published under Cement NewsInterCement Participações SA and its subsidiary, InterCement Brasil SA, and its subsidiaries in the Netherlands and Spain, and its controlling shareholder, Mover Participações SA, have filed for a protective injunction (Preliminary Injunction) in Brazil in support of a court-supervised interim collective mediation process with its principal financial creditors. The company and affiliates referred to the above Preliminary Injunction to permit a stable negotiating environment in the mediati... |