Displaying items by tag: Brazil
Brazil: Magnesita Refratários has announced an agreement with ACIS, a cement maintenance and operations service company based in China and Saudi Arabia, to extend its services offering Magnesita's refractory products supporting greenfield projects around the world. ACIS and Magnesita will target Chinese cement original equipment manufacturers (OEMs), which are building projects in countries primarily outside of China. The cooperation started on 1 July 2015 and shall continue for three years, with a possible extension.
"Partnering with ACIS which is recognised within the cement industry for its technical and service capability, is an important step for Magnesita's continued growth within the industrial market. This alliance with ACIS will help clients control costs utilising Magnesita's high-quality refractory products as new cement plants are commissioned," said Magnesita CEO, Octavio Lopes.
ACIS will create a commercial team in China tp focus on clients and the development of new projects while Magnesita's technical assistance team will work closely with ACIS to provide application and engineering support.
Brazil/Portugal: SeeNews Portugal has reported that Portuguese holding company Semapa Sociedade Invest Gestao SGPS' Brazilian subsidiary NSOSPE Empreendimentos e Participacoes (NSOSPE) has acquired a 50% stake in Brazilian cement maker Supremo Cimentos.
The US$94m purchase agreement was announced on 29 April 2015. NSOSPE is jointly-owned by Semapa and Portuguese construction materials supplier Secil. Following the closure of the transaction, Semapa and Secil indirectly own the entire share capital of Supremo Cimentos.
Brazil: Reuters has reported that Brazilian industrial conglomerate Camargo Corrêa is looking to sell a stake in Intercement for up to US$1.2bn in order to make new overseas investments, according to a report in newspaper Folha de S Paulo.
Camargo Corrêa plans to sell 10 – 18% of Intercement for between US$648m and US$1.17bn. The industrial conglomerate is one of several in Brazil with executives accused of paying bribes for contracts with state-run oil company Petroleo Brasileiro, known as Petrobras, threatening its access to public works contracts and driving up borrowing costs. Two Camargo Corrêa executives have already pleaded guilty.
Folha reported that Camargo Corrêa 's US$2.66bn of debt had led it to seek a minority partner in order to take advantage of opportunities to grow in countries as diverse as Egypt, Mozambique and Paraguay.
Brazil: Three workers were killed and three others injured in the collapse of a cement silo on 30 May 2015 at the construction site of the Belo Monte hydroelectric power plant in the Brazilian Amazon. The accident occurred while a truck was delivering cement to the silos in the area where construction materials are stored, according to the Belo Monte Construction Consortium (CCBM).
Three workers at the silo were pulled out and sustained minor injuries. Emergency services personnel searched the silo's rubble for the bodies of the other three workers and found them nearly 15 hours after the operation started. The CCBM's medical personnel treated the injured workers at the scene and then transported them to the city hospital in Altamira. Pará State police are investigating the collapse of the 500t capacity silo. The consortium's management will cooperate with the investigation 'with all the effort possible,' said the CCBM.
Construction of Belo Monte, a controversial power project in the middle of the world's largest rainforest, has been halted several times due to strikes by employees unhappy with working conditions and protests by groups opposed to the hydroelectric plant. Work on Belo Monte, which will be the world's third-largest hydroelectric power plant, started in March 2011 in Altamira, Pará, despite opposition from farmers, fishermen and environmentalists, who fear the project's impact on the Amazon. Between 16,000 and 25,000 people had to be moved to make way for the US$10.6bn project, according to different estimates. Belo Monte is being built on the Xingu River, a tributary of the Amazon and will flood 506km2 of jungle. The hydroelectric power plant will have an average generating capacity of 4571MWhr and will reach peak production of 11,233MW in the periods when the river rises.
Brazil: CSN Cimentos plans to invest US$608m towards building two new cement plants in Arcos and Romaria in Minas Gerais. The next step is for a letter of intention to be signed by state and municipal authorities, according to local media. Additionally, CSN's existing cement plant in Volta Redonda will be upgraded with a new clinker kiln and three mills. The plants cement production capacity will be increased by 2.4Mt/yr to 5.4Mt/yr.
Bolivia: Itacamba Cemento has announced that it is currently importing large amounts of cement from Brazil to meet local demand in Santa Cruz. The Bolivian cement company will continue to import cement from Brazil until the second half of 2016 when it expects to start its new US$220m cement plant in Yacuses. It estimates to import some 5400t/month of cement, or around 107,000 bags, dependent on market demand.
Brazil: Brazilian steelmaker CSN is considering a merger with its cement producing subsidiary CSN Cimentos. CSN said that it would present the proposal to shareholders for approval.
The merger would help CSN achieve synergies and economies of scale. It would result in 'process optimisation and maximised results,' with all business and administrative activities carried out via a 'single organisational structure,' according to CSN. The merger would cost US$544,758 and be effective from 1 May 2015.
CSN entered the cement market in 2009 and claims to have 2.4Mt/yr of production capacity. Its 2014 capex was US$705m, with 23% directed toward cement operations, which generated 3% of the company's revenue in the year. Its cement sales increased by 7% to 2.18Mt in 2014.
Brazil: Votorantim Cimentos has announced a new investment package for 2015 – 2018. US$1.6bn will be invested in five new plants in Brazil, one in Turkey and one in Bolivia, as well as in the expansion and modernisation of existing plants. The announcement comes after an investment plan of US$3.2bn, completed in the period between 2007 - 2014, when the company expanded its global production capacity by 51%.
In Brazil, Votorantim's priority is to increase production in the central-north and northeast regions. It has identified growth potential in the construction sector and in cement consumption in those regions. Two of the new cement plants will begin operating in 2015, one in Edealina, Goiás and another in Primavera, Pará. In the second phase, the construction of two plants in Sobral and Pecém in Ceará is planned and one in Caaporã, Paraíba. The plants are expected to come on stream in the second half of 2017.
With its new plants, Votorantim will increase its cement production capacity in Brazil by 18%, adding about 6Mt/yr to the current capacity of 32Mt/yr of cement. The investments are in line with the company's preparation for a new cycle of growth in the country. "We are concentrating investments in attractive and profitable markets, always with long-term vision and thinking of the future market demand," said Walter Dissinger, Votorantim Cimentos' CEO.
In the Americas and Europe, investments include one cement plant in Yacuses, Bolivia in partnership with two other companies and one new plant in Turkey. The company is also considering the construction of a new plant in Morocco. In the US there is a project for the expansion of the Charlevoix plant in Michigan. "The American market is recovering and is also attractive," said Dissinger. The new projects outside of Brazil will add 2.5Mt/yr to the company's installed capacity. "We prepared ourselves to confront a challenging scenario in Brazil and follow our policy of thinking in the long term. Our discipline and financial solidity allows us to keep investing to be ready for the recovery of the markets," said Dissinger.
Brazil: Merck Marra Jr, chief executive of Cemento Tupi, has confirmed his company's plans to build a US$295m cement plant in Adrianople, Paraná. The announcement came when Tupi representatives met with state officials to discuss state government support with infrastructure and licencing issues.
Brazil: Votorantim Industrial has reported that its revenue rose by 7% in 2014 to US$9.3bn from US$8.74bn in 2013. Net profit rose to US$600m from US$79.2m. The cement, metals, steel, energy, pulp and agribusiness group attributed the result to high prices in most of its businesses.
Votorantim Cimentos, its cement arm, was responsible for the largest portion of consolidated income. It saw sales volumes decline slightly to 37.1Mt/yr in 2014. Despite this, net revenue grew by 5% year-on-year to US$4.34bn due to higher prices. Notably, its North American operation recorded a rise in sales volume and revenue, driven by the recovery of the US economy.