Votorantim Cimentos, Cemex and Heidelberg Materials were recognized for leadership in corporate transparency and performance on climate change by global environmental nonprofit CDP.
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Votorantim Cimentos Third Quarter Profit Soars
Votorantim Cimentos reported that it ended the third quarter of 2023 with a net profit of R$ 824 million ($169.4 million), an increase of 36% compared to the income obtained in the prior-year period.
Read MoreVotorantim Cimentos’ North American Revenue Up 12%
Votorantim Cimentos ended the second quarter of 2023 with R$470 million net profit, a 28% increase compared to R$366 million in the same period last year. The company’s global net revenue in the quarter was R$6.9 billion, an increase of 3% compared to the prior-year period, primarily due to the volume added by the recently acquired Malaga plant in Spain.
Read MoreCement Market Briefs – July/August 2023
Votorantim Inks $150M Sustainability-Linked IFC Deal
Votorantim Cimentos signed a $150 million financing agreement linked to sustainability indicators with the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group.
Read MoreVotorantim Cimentos Bounces Back in First Quarter
Votorantim Cimentos ended the first quarter of 2023 with a net profit of R$78 million, reversing the R$317 million loss in the prior-year period. The company’s global net revenue in 1Q23 totaled R$5.8 billion, an increase of 18% compared to the same period in 2022.
Read MoreCastelli Steps Down as Votorantim Cimentos CEO
After more than four years at the helm of Votorantim Cimentos, Marcelo Castelli has resigned to become a member of the board of directors. Current COO Osvaldo Ayres Filho will succeed him.
Read MoreVotorantim Cimentos Continues Path to Decarbonization
Votorantim Cimentos ended 2022 with positive results in its decarbonization journey. Globally, the company emitted 579 kg of CO2 per tonne of cement produced, a 3% reduction compared to 2021.
Read MoreABB Helps Votorantim Cimentos Achieve Multi-Site Digitalization
ABB delivered advanced automation and digital technologies to Votorantim Cimentos as it embraces Industry 4.0 in cement to simultaneously optimize production and decarbonize operations.
Read MorePCA Elects New Board Leadership
The Portland Cement Association (PCA) announced the election of Filiberto Ruiz as the chair of its board of directors. Ruiz is the president and CEO at Votorantim Cimentos North America and has served the last two years as vice chair to outgoing chairman Ron Henley, president and CEO of GCC of America.
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