Brazil: Votorantim Cimentos raised its sales by 16% year-on-year to US$2.8bn in the first half of 2026, with cement volumes up by 5%, to 17.9Mt. Group adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 19%, to US$513m.
During the first half of 2026, Votorantim Cimentos secured a new US$350m committed credit facility, due in 2031, to replace its US$300m facility due in 2027. The company has invested US$598m of a US$964m investment plan for 2024 – 2028. Upcoming expenditure under the plan includes US$50.1m towards a planned 50% expansion of the Xambióa cement plant in Tocantins to 1.5Mt/yr, due in July 2028.
Group CEO Osvaldo Ayres said “Our results in the second quarter of 2026 highlight the strength of our international platform, supported by geographic and product diversification, as well as our financial robustness and disciplined capital allocation. We posted positive operational performance and continued to execute the company’s strategy with discipline, with progress in structural competitiveness, efficiency, capacity expansion and decarbonisation.”
Chief financial officer Antonio Pelicano said “Despite increased macroeconomic volatility, we maintained our financial discipline, strong operating cash flow generation and healthy capital structure. The expansion of our revolving credit line and the maintenance of our investment grade rating confirm our company’s financial strength and ability to execute our long-term strategy.”