October 11, 2024 – As the final day of CarbonZero 2024 draws to a close, participants from across the cement and construction industries can look back on two days filled with knowledge-sharing, networking, and innovative solutions for a sustainable future. The day began with a keynote from Grant Quasha, Chairman of Eco Material Technologies,...
Today’s CCUS: State of the Art in Europe panel was a true highlight of the CarbonZero Global Conference. Moderated by Pedro Mora, President of PTECO2, the session brought together top experts to discuss the critical role of Carbon Capture, Utilization, and Storage (CCUS) in reducing emissions and meeting EU climate targets. Key Insights from the...
Last chance to learn from the best! Only 2 seats remaining for the CarbonZero Global Conference and Exhibition, October 10 and 11, Wellington Hotel and Spa Madrid, Spain: HOW TO AVOID LARGE AND COSTLY CO2 EMISSIONS CAUSED BY FIRES presented by Raúl Moreno Pérez, Director Latin America, Spain & Portugal Division – Firefly AB Successful fire prevention is directly...
The first half of 2024 has been a period of mixed outcomes for major cement producers, with a general trend of sluggish sales but stable or growing earnings. Votorantim Cimentos, along with other key players such as Holcim, CRH, Heidelberg Materials, and Cemex, released their half-year results, providing insight into the industry’s performance so far...
Votorantim Cimentos closed the second quarter of 2024 with notable growth across key financial metrics, including net revenue, net profit, and sales volume, supported by strategic investments and geographic diversification. The company’s consolidated global net revenue for the period reached R$7 billion, reflecting a 1% increase compared to the second quarter of 2023, in local...
Votorantim Cimentos signed today an agreement for the full sale of its assets located in Tunisia to Sinoma Cement Co., Ltd, a cement based building materials enterprise headquartered in China. The completion of the transaction, including the effective transfer of the assets in the country and financial liquidation, is subject to the fulfilment of customary...
The company made progress toward its 2030 decarbonization targets with an increase in the use of alternative fuels and new materials to replace clinker in cement production, and investments in renewable energy In 2023, Votorantim Cimentos, a building materials and sustainable solutions company, emitted, globally, 556 kg of CO2 per tonne of cement produced, 4%...
Consolidated global net revenue in the year was R$26.7 billion, up 3% compared to 2022. Record adjusted EBITDA of R$5.8 billion, an increase of 18% over the previous year. EBITDA margin was 22%, up three percentage points compared to 2022. The leverage ratio (net debt/adjusted EBITDA ratio) was 1.28x, the lowest in the company’s history....
With this partnership, Votorantim Cimentos intends to increase renewable energy consumption in Brazil to 75%, strengthening its decarbonization strategy and increasing its competitiveness. Atlas Renewable Energy, an international leader in providing renewable energy solutions for corporations, and Votorantim Cimentos, a construction materials and sustainable solutions company, have signed a Power Purchase Agreement (PPA) to supply...
Votorantim Cimentos Closes 3Q23 with a net profit of R$ 824 million, a 36% increase compared to 3Q22
Global net revenue was R$ 7.4 billion in 3Q23, down 3% on 3Q22. In the first 9 months of 2023, the company recorded a 4% increase in net revenue; Adjusted EBITDA totaled R$ 1.9 billion, an increase of 9% over the same period in 2022; EBITDA margin in the period was 26%, an increase of...