Sustainability-Linked Finance Is One Of The Fastest Growing Sectors In The Finance Space. It’s Also Helping Change The Cement Industry. By Jonathan Rowland The cement industry talks a lot about sustainability. Major cement companies all have some sort of sustainability strategy. Sustainability is also a central component to the work of the two global cement associations, the GCCA and WCA, and…
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Votorantim Cimentos posted net income of R$692 million in the second quarter of 2021, reversing the R$153 million loss in the same period last year. The company’s global net revenue in the quarter was R$5.8 billion, an increase of 50% compared to the prior-year period, as a result of an increase in sales volume and favorable price dynamics in all…
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Votorantim Cimentos’ new production line at the Pecém Industrial and Port Complex in Brazil is operational. As a result of the expansion, the site now has a production capacity of approximately 1 million tonnes of cement per year compared to a previous capacity of 200,000 tonnes annually.
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St Marys Cement, a wholly owned subsidiary of Votorantim Cimentos, and McInnis Cement will merge their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the United States. The joint venture is expected to significantly strengthen the strategic positioning of the combined operations through increased cement production capacity, operational efficiencies and an enhanced distribution…
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São Paulo, Brazil-based Votorantim Cimentos released its 2030 Sustainability Commitments. The objective is to align the company’s worldwide operations to current and future needs of society, thereby creating a positive impact on the entire value chain and in the communities where the company operates.
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