Brazil: Votorantim Cimentos reported net sales of US$1.26bn, up by 15% excluding exchange rate effects, compared to the same period of the previous year. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 25% to US$152m and the company’s cement sales volumes increased by 4% year-on-year to 8Mt in the first quarter of 2026.
Within the scope of the company’s US$1bn investment plan for Brazil in the period 2024-2028, it said that US$558m is currently being invested in projects ‘with flexibility to accelerate or reduce the pace of investments,’ depending on economic performance and market conditions. The investment plan for Brazil is reportedly on track to make 3.7Mt/yr of additional capacity available in the country by the end of 2026.
CEO Osvaldo Ayres said “We finished the first quarter with solid operational and financial performance, posting consistent growth in a period when the sector was affected by seasonal factors. We made steady progress regarding our investments focused on structural competitiveness, capacity expansion, decarbonisation and new businesses. In the quarter in which we celebrated our 90th anniversary, we remained firmly committed to the execution of our strategic mandate.”
