At the beginning of May 2023, Cemex reported a 9% growth in Sales and a 6% growth in EBITDA in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation, and contributions from the company’s growth investments and the Urbanization Solutions business. EBITDA margin showed significant sequential improvement, with...
Holcim completed the acquisition of Duro-Last, a US leader in commercial roofing systems, with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable USD >40 billion roofing market, driven by leading brands, proprietary technologies and custom-made solutions. Duro-Last’s systems will complement and strengthen...
In 2022, Votorantim Cimentos was recognized by CDP as one of the best evaluated companies in the 2022 Climate Change Program
Holcim acquires HM Factory, a provider of precast concrete solutions with net sales of CHF 18 million. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalize on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting...
Adjusted EBITDA was R$4.9 billion, 6% lower than the previous year. EBITDA margin was 19%, five percentage points lower than in 2021. Leverage, measured by the net debt/adjusted EBITDA ratio, was 1.55x, the same as 2021 and the best level in over ten years. Net profit in the year was R$1.1 billion. The company...
Manufacturing has demonstrated continued strength in 2022, building on the momentum it gained emerging from the pandemic, and surpassing expectations from the prior two years. While overall demand and production capacity have hit recent highs, there are indications that the near-term outlook may not be as bright. The industry is currently experiencing concerns related to...
Despite the slowdown in the world economy, Votorantim Cimentos continues to operate within solid financial metrics and with high liquidity, maintaining its investment grade status with a stable outlook attributed by the credit rating agencies Moody’s and Fitch. The company’s leverage remained at stable levels and in line with our financial policy. In May, we carried out a transaction in the international market that repurchased the most expensive debt in our portfolio, taking advantage of attractive market rates. And we used funds from debt issuances in the local market with more attractive rates to finance our operation,” said Bianca Nasser, Global CFO of Votorantim Cimentos.
Argos is committed to continuing its efforts to deliver outstanding solutions and sustainable products to its customers. Resulting from this determination, the cement company is announcing its new EcoStrong PLC brand. EcoStrong PLC is a high-quality blended hydraulic cement used in sustainable building practices that can reduce carbon emissions by up to 10%. EcoStrong PLC exhibits Argos’ passion for developing strong solutions to build a more sustainable world together.
Argos achieved an annual consolidated EBITDA of 2.16 billion Colombian pesos, the highest result in its history. The company reported an 18.3%** increase in consolidated cement volumes and a 2.7%** increase in consolidated ready-mix volumes at the end of the year. The net debt to EBITDA plus dividends ratio closed at 2.87...