News
The company made progress toward its 2030 decarbonization targets with an increase in the use of alternative fuels and new materials
Region: Brazil
24.07.2023 16:44Brazil’s cement market expands in June
After an unstable first half for the Brazilian economy marked by high interest rates, high debt and family defaults, cement sales accumulated a 1.8% drop compared to the same period of 2022 with the sale of 30.3 million tons in the first six months of the year.
Region: Brazil
19.07.2023 12:46Votorantim Cimentos to receive a loan for its Salto Plant
The International Finance Corp (IFC) has proposed a US$150 million loan to Votorantim Cimentos S.A., one of the largest Brazilian producers of cement and the subsidiaries of Votorantim S.A.
Region: Brazil
02.12.2022 15:24Votorantim Cimentos Announces a Stricter CO2 Emission Target
Votorantim Cimentos, a building materials and sustainable solutions company, has revised its decarbonization targets to 475 kg of CO2 per tonne of cement by 2030. Votorantim Cimentos’ new global target is 8.7% lower than the target of 520 kg of CO2 per tonne of cement, previously announced as part of its 2030 Sustainability Commitments.
Region: Brazil
11.11.2022 16:32Votorantim Cimentos Posts Net Revenue of R$7.6 Billion in the Third Quarter of 2022, a 19% Increase Over 3Q21
Votorantim Cimentos, a sustainable building materials and solutions company, ended the third quarter of 2022 with consolidated net revenue of R$7.6 billion, an increase of 19% compared to the same period last year. This result is primarily due to favorable price dynamics in all regions, which offset the slight drop in volume and the negative effect of the appreciation of the real against the euro on the consolidation of the results of operations abroad.
Region: Brazil
07.09.2022 13:33Holcim closes Brazil divestment
Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of USD 1.025 billion.
Region: Brazil
