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Votorantim Cimentos ended the first quarter of 2021 with net profit of R$227 million, reversing the R$380 million loss posted in 1Q2020. The company’s global net revenue in the first quarter of the year was R$4 billion, an increase of 46% in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the devaluation of the real against foreign currencies in its international operations. The company’s global cement sales totalled 7.6 million t in 1Q2021, a 20% growth compared to the 6.3 million t sold in the same period in 2020.
Votorantim and McInnis to combine Canadian operations cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.
Votorantim Cimentos and McInnis Cement to Combine Cement Operations in North America
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Joint venture between St. Marys Cement (Canada) and McInnis Cement to focus on expanding operations to supply cement across the Great Lakes region, Eastern Canada and the Northeastern Coast of the United States
Commitment to maintain facilities and jobs at the Port-Daniel–Gascons plant until at least 2029
Combined entity to deploy initiatives at Port-Daniel–Gascons plant to support carbon footprint reduction in the cement industry
TORONTO and QUEBEC and SÃO PAULO, Dec. 10, 2020 /PRNewswire/ - St. Marys Cement Inc. (Canada), a wholly owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc. today announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the United States. The joint venture will be owned by Votorantim Cimentos International (VCI), the inte
Votorantim Cimentos anuncia fusão com McInnis no Canadá globo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globo.com Daily Mail and Mail on Sunday newspapers.